Coffee futures in New York soared more than 6% on Monday, reaching a new all-time high above $4.30 per pound on the ICE exchange. Market experts point to growing panic over limited coffee supply as a key factor driving the price surge.
Arabica coffee futures hit a new record for the 13th consecutive trading session, with reports of a dry, hot weather system developing over Brazil’s coffee-growing regions. This weather pattern is raising concerns among traders, as Brazilian farmers, who are the world’s largest coffee producers, are hesitant to sell their beans.
“Finally, panic has set in, and prices will keep rising,” said Bob Fish, co-founder of Biggby Coffee, a coffee franchise with 350 locations across the U.S.
Fish added that only two factors could reverse the current trend: a strong coffee yield from Brazil and Vietnam (which isn’t expected until August 2026) or a significant reduction in demand from consuming countries due to the rising prices.
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