Coffee Futures Slip After Super El Niño Concerns
Arabica coffee futures on ICE fell 1.6% to $2.6735 per pound at 1527 GMT, after earlier reaching $2.7810, the highest level since mid‑May. Robusta coffee futures rose 0.4% to $3,636 per metric ton, having touched $3,680, the highest since early March. Market participants cited concerns over a potentially strong “super El Niño” weather pattern, which typically brings higher temperatures and reduced rainfall to Vietnam and Indonesia—together accounting for roughly 50% of global robusta supply—and excess rainfall to Brazil, the leading Arabica producer, potentially slowing harvest and affecting crop quality or disease risk. Sugar futures also declined, tracking weaker oil prices, while a range of other commodity indices displayed mixed movements: KC down 2.24%, LCO up 0.03%, LSUc1 up 0.51%, CL up 0.05%, SB down 1.60%, RC down 0.30%, ICFc1 down 1.79%, Brent Spot US Dollar up 0.87%, and SFSc up 10.00%.