Market Overview
On Monday, Arabica coffee futures traded on the ICE exchange reached a fresh one‑month high. At 13:09 GMT the contract price rose 1.5 % to $3.1030 per pound, after having climbed 6.5 % over the preceding week, and earlier in the session touched a peak of $3.1380 per pound.
Supply and Inventory Concerns
ICE‑certified Arabica coffee stocks were reported at 240,767 bags, a level close to the 27‑year low of 217,646 bags recorded last month. Market participants expressed growing concern that Brazilian coffee supplies may not be delivered to ICE warehouses before the December contract expires, heightening the risk of tighter physical availability.
Currency Impact
The Brazilian real continued to appreciate, with a modest gain of about 0.07 % against the US dollar, driven by expectations that Flavio Bolsonaro will be elected president. Analysts noted that a stronger real discourages Brazilian exporters because the conversion of foreign‑currency sales into local currency yields lower returns.
Related Commodity Movements
Robusta coffee advanced 1.5 % to $3,454 per metric ton. In contrast, sugar and cocoa prices moved lower during the same trading session.
The article was generated with AI assistance and subsequently reviewed by an editor.