A cup of coffee is about to get even more expensiveas persistent supply disruptions push costs for high-quality Arabica coffee beans to their highest level in 13 years.
Futures rose as much as 3.3% to $2,680 a pound in New Yorkthe highest level since 2011Prices have risen by about 40% this year as a shortage of cheaper robusta beans boosts demand for the Arabica variety, favoured by specialist chains.
The coffee rise has been gaining momentum due to ongoing concerns about severe weather in Brazilthe main producerThe country is wrapping up its 2024-25 harvest and production prospects have weakened after heat and drought damaged fields.
“It’s all about the weather,” said Kona Haque, head of research at ED&F Manreferring to conditions in the main producing regions Brazilian coffee and the lack of rain forecast for the next two weeks.
Attention is now turning to next season’s potential, and The South American nation has been hit by its worst drought in decadeswhich threatens to cause further damage to crops.
“The potential of the harvest of Arabic coffee 2025/26 is hanging by a thread,” said Rabobank analyst Carlos Mera. The rain in the oil-producing areas Arabic coffee has been consistently below normal levels since the start of the dry season in April, he said.“This issue comes at a time when the coffee industry is suffering from port congestion in several countries, a global shortage of containers, disruptions in the Red Sea and also disappointing harvests in Vietnam.”
The coffee prices robusta have also increased for more than a weekjumping as much as 3% on Monday.
