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Updated · Bloomberg · Jun 30Arabica Coffee Jumps 8% in New York as Brazil Supply Risks Mount
3 articles · Updated · Bloomberg · Jun 30Summary
- Arabica futures in New York surged as much as 8% Tuesday, marking their biggest intraday gain since July 2022.
- Brazil supply concerns drove the rally, reversing part of this year's earlier slide that followed forecasts for a record 2026-27 Brazilian crop.
- The most-active contract is now up nearly 12% for June, recovering some ground after steep declines earlier in 2026.
Insights
Why are coffee prices surging when Brazil is still forecasting a record-breaking harvest? As Brazilian coffee supply falters, can other nations like Honduras prevent a global price shock?