March arabica coffee (KCH25) on Thursday closed up +1.05 (+0.33%), and January ICE robusta coffee (RMF25) closed up +33 (+0.64%).
Coffee prices on Thursday posted moderate gains as they consolidated this week's sharp rally. On Tuesday, Mar arabica posted a contract high, and the Dec coffee nearest-futures contract (Z24) posted a record high. Also, robusta coffee rose to a 1-1/2 week high. The outlook for a smaller coffee crop in Brazil sent prices soaring this week after Volcafe on Tuesday cut its 2025/26 Brazil arabica coffee production estimate to 34.4 million bags, down by about 11 million bags from a September estimate after a crop tour revealed the severity of an extended drought in Brazil. Volcafe also projects a global 2025/26 arabica coffee deficit of 8.5 million bags, wider than the 5.5 million bag deficit for 2024/25 and the fifth consecutive year of deficits.
