The coffee market is experiencing its biggest price increase since 1980 due to ongoing supply problems in key regions.
Arabica coffee futures rose 1.6%, continuing a 10-day rally. Arabica is currently selling for just under $4 per pound, nearly double last year's price.
This was reported by Bloomberg.
“A shortage in Brazil, the largest Arabica producer, continues to worry traders after record early-season shipments meant lower availability now,” the report said.
Comexim Ltda forecasts a decline in Arabica and Robusta production in the 2025-2026 marketing year.
An increase in the number of lots awaiting sorting at the exchange could help ease the situation on the market. Also, Brazil recently saw rains that could improve the condition of crops affected by drought.
Recall that prices for one of the most popular vegetables in Ukraine have begun to decline. Consumers are in for new price trends.
