Arabica coffee futures climb above $3.2; inventories hit 2.75-year low
ICE arabica coffee futures rose above $3.2 per pound near their highest since late July, as Brazil’s 2026/27 harvest lagged and inventories fell to 231,445 bags.
2 per pound, near their highest since late July, supported by the slower pace of the Brazilian harvest and concerns about supply. Safras & Mercado reported on August 14 that the Brazil 2026/27 coffee harvest was 90% completed as of August 12, behind 97% last year and the 5-year average of 94%. Brazil's arabica coffee harvest was 86% complete, behind last year's 95%. 75-year low of 231,445 bags.