**Coffee Prices Update – January 30, 2023**
On January 30, 2023, March arabica coffee closed up 1.00 cents (+0.30%), while March ICE robusta coffee fell 84 cents (-2.04%), reaching a four-week low. Despite favorable rainfall in Brazil’s Minas Gerais region—reportedly receiving 69.8 mm of rain, or 117% of historical averages—the mixed outcomes for coffee prices reflect broader supply concerns. Brazil’s crop forecasting agency, Conab, increased its 2025 coffee production estimate by 2.4% to 56.54 million bags.
In contrast, robusta coffee supplies are expected to rise, with Vietnam projecting a 6% increase in 2025/26 production to 1.76 million MT, and a 17.5% year-over-year increase in coffee exports to 1.58 million MT. Brazilian exports have also contracted; Cecafe reported an 18.4% decrease in December green coffee exports, falling to 2.86 million bags, further influencing market dynamics. Global coffee export figures show a minor decline of 0.3% year-over-year, totaling 138.658 million bags for the current marketing year.
