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Rich Asplund

FOUND: Arabica coffee slips as rabobank projects a global surplus | Mind Blowing Facts

Rabobank Ice Brazil Vietnam the USDA FAS Cecafe International Coffee Organization USDA

December arabica coffee (KCZ24) today is down -1.35 (-0.51%), and November ICE robusta coffee (RMX24) is up +7 (+0.13%).

Coffee prices today are mixed. Arabica coffee prices came under pressure today after Rabobank projected that global 2024/25 coffee production will climb by +2.2% y/y to 174 million bags, leaving the world with a small arabica bean surplus. Losses on coffee are limited after meteorologist Climatempo said most of this week will continue to be hot and dry in Brazil's coffee-producing areas, which could undercut the prospects for Brazil's 2025/26 coffee production.

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