Arabica coffee futures on ICE moved towards the $2.3 per pound mark, recovering further from a one-month low of $2.16 touched on September 16th, supported by tight supplies. Fresh data showed ICE-certified arabica stocks fell to a fresh 23-year low of 460,387 bags while Brazil's crop agency Conab cut its 2022 arabica coffee production estimate to 32.41 million 60kg bags, from May's projection of 35.71 million bags, as adverse weather curbed coffee yields, posing risks for next year's production. At the same time, coffee exports from Colombia, the world's second-largest producer of arabica beans fell 21% year-on-year in August and were down 7% for the first seven months of the year. On the downside, an overall stronger dollar has been limiting further upside momentum.

Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on September of 2022.

Coffee is expected to trade at 226.84 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 247.15 in 12 months time.

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Coffee



Price Day Month Year
Soybeans 1,404.25 -3.75 -0.27% -2.33% 9.39%
Wheat 871.27 -0.23 -0.03% 3.38% 22.67%
Lumber 429.30 18.50 4.50% -16.80% -30.27%
Cheese 1.96 0 0% -0.96% 19.18%
Palm Oil 3,344.00 -179.00 -5.08% -19.89% -24.94%
Milk 19.88 0.01 0.05% -1.24% 20.27%
Cocoa 2,286.00 43.00 1.92% -5.89% -10.53%
Cotton 87.58 -2.46 -2.73% -25.25% -14.06%
Rubber 133.50 -0.90 -0.67% -7.03% -19.43%
Orange Juice 182.25 3.75 2.10% 1.50% 36.52%
Coffee 224.35 0.55 0.25% -6.73% 12.97%
Oat 371.48 1.4763 0.40% -9.78% -36.42%
Wool 1,279.00 0 0% -4.69% -6.51%
Rice 17.34 -0.0050 -0.03% -1.76% 25.57%
Canola 828.90 -0.20 -0.02% -1.14% -7.30%
Sugar 18.19 -0.16 -0.87% -1.36% -4.16%
Tea 3.05 0 0% -4.69% 0%
Corn 666.52 -0.9802 -0.15% -2.41% 23.66%


Coffee
Arabica coffee it is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE). Arabica accounts for 75 percent of the world’s production and is mostly cultivated in Brazil (40% of the world’s total supply) and Colombia. Robusta account for the remaining 25% and is mostly produced in Vietnam (15% of global supply) and Indonesia. Other major exporters include: Peru, India, Uganda, Ethiopia, Mexico and Cote Ivoire. Robusta is the coffee bean that is popular in Europe and espresso coffees while Arabica beans are popular in the United States.
Actual Previous Highest Lowest Dates Unit Frequency
224.35 223.80 339.86 41.50 1972 - 2022 USd/Lbs Daily