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MILAN – Coffee futures prices saw again opposite trends yesterday (Thursday 3 July): in New York, the main ICE Arabica (September) contract fell a further 160 points, closing at a new low of 289.60 cents. Meanwhile September ICE Robusta coffee gained 0.7% to settle at $3,627. The advancing coffee harvest in Brazil continues to put pressure on prices.
Cooxupé, Brazil’s largest coffee co-operative, said in a report that their members had already harvested 31.40% of the new crop, consisting mostly of natural processed Arabica, by 27th June 2025. This equates to 1.92 million bags out of an expected total of 6.1 million.
Global coffee supply could improve in three years as new plantations spurred by record high prices start producing, the Executive Director of the International Coffee Organization Vanúsia Nogueira was quoted as saying, speaking during the 10th Coffee Dinner & Summit, an event organised by Cecafé taking place these days in Campinas (São Paulo), which is attended by leading personalities from the coffee sector.
According to Nogueira, the deficit situation in the global coffee market could come to an end next year, provided that weather conditions are favourable in the main producing countries.
“I think (the end of the deficits) will depend a lot on this climate issue,” said Nogueira, noting that there is still some risk of frost for Brazil’s crop in July, reports Reuters.
Speaking at the same event, Teddy Esteve, Managing Director en Ecom Agroindustrial Corp, emphasised the resilience of global coffee consumption.
“With coffee at $4 per pound, it was to be expected that consumption would suffer. Obviously, there was no growth except in some countries, but the figures show that the decline was less than we had imagined. We are pleased to see that people cannot do without coffee”.
Sucafina CEO Nicolas Tamari also expressed moderate optimism, saying: “I too expected a bigger drop in consumption,” and pointing out that logistical problems in some areas made it more difficult to assess demand more accurately. “Consumption is doing well. I expect growth of one per cent per year,” he concluded, adding that he anticipates world consumption reaching 174 million bags this year.
