**Coffee Prices Rise Amid Supply Concerns**
On Monday, July arabica coffee closed up 2.24% at +5.75, reaching a two-week high, while July ICE robusta coffee rose 0.36% at +13, marking a five-week high. This rally is driven by fears of delayed coffee harvests in Brazil due to persistent rain, with the forecast indicating moderate to heavy rain across coffee-growing regions this week.
Coffee inventories on ICE have decreased recently, with arabica stocks falling to a 6.75-month low of 398,940 bags and robusta inventories dipping to a two-year low of 3,631 lots, before increasing slightly to 3,857 lots. Concerns surrounding a potential “Super El Niño” have also heightened, given NOAA’s estimation of a 67% likelihood of this weather pattern impacting production in both Brazil and Asia, potentially hindering the coffee crops in the 2026/27 season.
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