On Wednesday, July arabica coffee (KCN26) closed up by 0.60 cents (+0.22%) at $2.73 per pound, while July ICE robusta coffee (RMN26) rose by 11 cents (+0.30%) to $3.78 per pound. This increase comes as coffee prices reached 5-week highs due to concerns of persistent rain in Brazil potentially delaying the coffee harvest, though forecasts suggest drier weather next week.
ICE arabica coffee inventories fell to a 2.25-year low of 396,171 bags, while ICE robusta inventories increased slightly to 3,991 lots, close to a 2.25-month high. The NOAA reports a 67% probability of a “Super El Niño” this year, which may adversely impact Brazil’s coffee production in the upcoming seasons.
Additionally, Vietnam saw a rise in coffee exports, up 7.9% year-over-year to 922,000 metric tons in the first five months of 2026. The ongoing closure of the Strait of Hormuz is also tightening coffee supplies due to higher shipping costs, further influencing market conditions.
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