**Coffee Prices Close Mixed Amid Supply Concerns**
On Thursday, July arabica coffee (KCN26) dropped by 10.60 points (-3.73%), closing at a two-week low, while July ICE robusta coffee (RMN26) increased by 19 points (+0.56%). The mixed price movement highlights ongoing concerns over coffee supply dynamics, particularly with expectations of a larger Brazilian coffee crop.
Brazil’s Coffee Trading Academy projected a 12% year-over-year increase in the 2026/27 coffee harvest to 71.4 million bags. Other forecasts, including one from Marex Group Plc, estimate a record crop of 75.9 million bags. Contrastingly, Vietnam’s coffee exports for 2026 (January-April) rose by 15.8% year-over-year to 810,000 metric tons, but ongoing closures in the Strait of Hormuz have disrupted global shipping and tightened supplies, adding upward pressure on prices. Additionally, current ICE inventories for arabica and robusta have fallen to 483,292 bags and 3,755 lots, respectively, indicating potential supply tightness.
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