December arabica coffee (KCZ24) today is up +3.30 (+1.18%), and January ICE robusta coffee (RMF25) is up +72 (+1.51%).
Coffee prices today are moderately higher, with robusta climbing to a 1-month high. Coffee prices have rallied sharply this week, with arabica posting a 13-year nearest-futures high Thursday on potential supply concerns after the European Parliament voted to change its deforestation regulations. If the EU cannot agree on changes to the rules before next month's deadline, the EU Deforestation Regulation will be implemented, which could curb supplies of coffee from countries such as Brazil and Indonesia, where deforestation occurs. The EU's Deforestation Regulation measure, known as EUDR, says companies must ensure the products they bring into the EU weren't made in areas deforested or degraded after 2020.
