Arabica coffee futures soared to $2.3 per pound, reaching fresh 18-month highs, amid worries that extensive rainfall in Brazil's coffee-growing zones might have inflicted harm on coffee crops. Moreover, the Vietnam Coffee Association hinted at a possible 20% annual drop in the nation's coffee exports for the 2023/2024 period. The association further forecasted a corresponding 20% decline in Vietnam's coffee production for the same harvest season, which was estimated at 1,472 MMT, marking the lowest output in four years due to drought conditions.

Coffee increased 49.50 USd/Lbs or 26.29% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on April 16 of 2024.

Coffee increased 49.50 USd/Lbs or 26.29% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coffee is expected to trade at 238.22 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 258.73 in 12 months time.



Price Day Month Year Date
Soybeans 1,143.00 -13.75 -1.19% -3.77% -24.65% Apr/16
Wheat 565.25 13.50 2.45% 4.15% -18.84% Apr/16
Lumber 527.16 -6.43 -1.21% -13.15% 0.99% Apr/16
Cheese 1.72 0.0210 1.23% 7.35% -4.54% Apr/16
Palm Oil 4,074.00 -128.00 -3.05% -4.95% 11.98% Apr/16
Milk 15.44 0 0% -6.08% -17.12% Apr/16
Cocoa 10,031.00 -932.00 -8.50% 22.75% 234.03% Apr/16
Cotton 81.12 -1.70 -2.05% -14.22% -2.62% Apr/16
Rubber 163.60 1.00 0.62% -5.60% 19.07% Apr/16
Orange Juice 364.05 -8.90 -2.39% 1.00% 33.43% Apr/16
Coffee 237.80 3.65 1.56% 30.77% 18.31% Apr/16
Oat 349.02 -3.7435 -1.06% -2.64% 2.05% Apr/16
Wool 1,142.00 0 0% -2.56% -12.15% Apr/12
Rice 18.39 0.0600 0.33% 3.46% 6.09% Apr/16
Canola 612.80 -6.90 -1.11% -2.99% -20.80% Apr/16
Sugar 19.60 -0.40 -2.00% -11.55% -19.80% Apr/16
Corn 431.02 -0.4761 -0.11% -1.14% -36.29% Apr/16


Coffee
Arabica coffee it is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE). Arabica accounts for 75 percent of the world’s production and is mostly cultivated in Brazil (40% of the world’s total supply) and Colombia. Robusta account for the remaining 25% and is mostly produced in Vietnam (15% of global supply) and Indonesia. Other major exporters include: Peru, India, Uganda, Ethiopia, Mexico and Cote Ivoire. Robusta is the coffee bean that is popular in Europe and espresso coffees while Arabica beans are popular in the United States.
Actual Previous Highest Lowest Dates Unit Frequency
237.80 234.30 339.86 41.50 1972 - 2024 USd/Lbs Daily