Arabica coffee futures hover near $3.10 after 1-week low
Arabica coffee futures trade around $3.10 per pound near the lowest since early August, while Brazil dryness supports harvest expectations and ICE inventories stay tight at 236,430 bags.
10 per pound, near the lowest since early August, as drier conditions in Brazil supported the harvest and raised expectations of increased near-term supplies. 75-year low of 236,430 bags. 9% from a year earlier. Attention remains focused on weather conditions amid concerns over Brazil’s 2027 crop, with the effects of El Niño posing potential risks to crop development.
Elsewhere, Colombia, the world’s second-largest producer of Arabica coffee, has partially resumed coffee exports through Buenaventura, its main coffee-export port, although traffic remains intermittent and limited. Exporters said the earthquake caused no significant damage to coffee processing or milling facilities.