Coffee has risen in price on world markets at a record high. Stock prices have updated the maximum

December 10th. /MEDIA TALK/. On December 10, 2024, stock prices for Arabica coffee beans updated the historical maximum, Bloomberg writes about this. Futures for it on the New York Stock Exchange rose 4.9% to $3.44 per pound. Major trader Volcafe Ltd. today lowered its forecast for coffee production in Brazil, from where most of the world's Arabica supplies are carried out. During the harvest, it became clear that the drought had caused more significant damage than expected in September. Currently, the production of 34.4 million bags of Arabica is projected at the end of the season, which is a quarter less than planned.


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Since the beginning of the year, the growth of stock prices has reached 80%. According to Volcafe, global coffee production is likely to be less than the demand for 8.5 million bags in the 2025-2026 season. Thus, next year will be the most scarce in the last five years. No less worrying is the decline in coffee production in Vietnam, the largest supplier of robusta. There, heavy rains fell at the beginning of the harvest after a prolonged period of drought, which also affected the volume of harvested raw materials.

According to forecasts of market experts, coffee prices in 2025 will reach a record level over the past 47 years.