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MILAN – Coffee futures in New York have fallen below the $3 per lb mark for the first time since early December last year. In yesterday’s session (Tuesday, July 1st), September Arabica coffee lost 815 points (-2.7%) closing at 291.95 cents, the lowest level since November 19, 2024.
London went the opposite way, with the main contract for September delivery posting a $40 gain to end the day at $3,660.
The progress of the harvest in Brazil continues to put downward pressure on prices, while the abundant rainfall in Brazil has eased dryness concerns and is positive for the country’s coffee crops.
Also on the weather front, forecasts indicate the arrival of a new cold front that could bring instability, as well as the possibility of some rain in São Paulo.
No significant changes in temperatures are expected in the main Arabica coffee areas.
Morning temperatures will stay cool, but there will be no risk of frost. In the second half of the week, the advance of the cold front is expected to produce more instability in EspÃrito Santo and southern Bahia.
Vietnam’s exports earnings reached a record high of $5.5 billion in the first half of 2025, surpassing the full-year target of $5.4 billion, the Ministry of Agriculture and Environment said on Wednesday.
Exports are expected to reach a total value of $7.5 billion by the end of 2025, which is an increase of 37% from 2024.
Meanwhile, the Indonesian government reported that Sumatra’s coffee exports reached 567,603 bags in May, or or 392.95% higher than to the same month last year. In the first two months of the current crop year (April-May), exports totalled 807,342 bags, marking a 373.6% increase.
