On Thursday, July arabica coffee (KCN26) closed down 5.15 cents (-1.77%), while July ICE robusta coffee (RMN26) fell 81 cents (-2.35%). The drop in coffee prices reached one-week lows due to anticipation of a larger Brazilian coffee harvest.
The Coffee Trading Academy estimates Brazil’s 2026/27 coffee crop will rise by 12% year-on-year to 71.4 million bags, following previous projections that indicated a record harvest of 75.9 million bags. In Vietnam, coffee exports for early 2026 saw a 14% year-on-year increase, totaling 585,000 metric tons, contributing to bearish trends for robusta prices.
In terms of supplies, ICE arabica inventories fell to a two-month low of 494,508 bags, while robusta stocks dropped to a 16-month low of 3,755 lots. Global coffee exports are expected to hit a six-year high surplus of 10 million bags in 2026, with tight supplies and geopolitical concerns, particularly around the US-Iran conflict, potentially tightening shipping routes and raising costs for coffee importers.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
