The price of Arabica coffee has reached a one-month peak of $1.09 per pound in February rebounding from a four-month low hit early this month, on expectations the market will shift from oversupplied in 2020. The latest report from the International Coffee Organization showed that coffee consumption is expected to outpace production, due largely to the decline in Brazil’s Arabica output amid unfavourable weather and prolonged low international prices. Coffee - data, forecasts, historical chart - was last updated on February of 2020.
Historically, Coffee reached an all time high of 339.86 in April of 1977.
Coffee is expected to trade at 105.41 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 114.15 in 12 months time.