Market Overview
On Tuesday, June 17, 2026, Arabica coffee futures traded on the ICE exchange closed at $2.728 per pound, representing a 13.6‑cent increase or 5.2 % rise from the previous session. The price jump was attributed to growing concerns about Brazil’s coffee harvest, where several days of heavy rain have soaked coffee beans still drying in farmyards and halted field work in the world’s top producer and exporter.
Drivers of the Move
StoneX coffee analyst Leonardo Rossetti noted that speculators who turned net short last week may have begun covering positions as the harvest delay risk intensified. In addition, an approaching El Nino weather pattern—identified by Australia’s weather bureau as potentially one of the strongest in seven decades—could further suppress Brazil’s output, reinforcing the bullish sentiment on Arabica.
Related Commodity Movements
- Robusta coffee advanced 2 %, reaching $3,598 per metric ton.
- White (refined) sugar climbed 1.7 % to $449.90 per ton.
- Raw sugar settled up 1 % at 13.82 cents per pound after earlier touching a near‑two‑month low of 13.56 cents.
- Dealers indicated that an initial decline in crude‑oil prices exerted downward pressure on the sugar market before the price rebound.
Outlook
The 2026/27 coffee season outlook appears more supportive, as the anticipated El Nino event is expected to reduce overall production, potentially sustaining higher price levels for Arabica.