Commodity markets for Arabica coffee, raw sugar, and New York cocoa were closed on Monday in observance of a public holiday in the U.S. However, robusta coffee saw a notable rise, gaining 0.8% to reach $5,772 per metric ton by 1115 GMT. Last week, prices hit a record high of $5,849.
The price increase is driven by tight supplies of Arabica coffee, with further shortages expected due to smaller crop projections from Brazil, the world’s top Arabica producer, for the 2025/26 season. Dealers also reported that farmers in Vietnam, the leading robusta producer, are holding off on selling, anticipating even higher prices. Speculators have been increasing their positions in robusta coffee, pushing its net long position to a four-month high.
In other markets, London cocoa rose 0.7%, reaching £8,199 per ton. While cocoa arrivals at ports in the Ivory Coast are slowing, the season’s cumulative total is still nearly 20% higher than last year’s figures.
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