Arabica slides 4.35% and robusta drops 2.30% as Brazil harvest boosts supply outlook
AI Market Summary
Coffee futures fell to one-week lows as improving Brazil harvest progress and expectations of larger supply triggered long liquidation. Storage constraints in Brazil and rising ICE robusta inventories add near-term pressure, reinforced by strong Vietnam export/production data and a USDA outlook for higher global output and stocks. Offsetting supports include low ICE arabica inventories and Colombia earthquake-related disruptions, but supply signals dominate the near-term narrative.
Impact level
● Medium
Affected assets
NCCOCOFFEE2USD/USDT-2.74%
AI Insight · NCCOCOFFEE2USD/USDTAI Insight
▼ Bearish
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December arabica coffee futures fell 4.35% and November robusta coffee futures slipped 2.30%, with both contracts hitting one-week lows. Brazil’s Cooxupe cooperative said 87.5% of its harvest was complete as of Aug 21, up 6 points from the prior week. Safras & Mercado reported that Brazil’s 2026/27 coffee harvest was 90% completed as of Aug 12. Expectations for larger Brazilian supplies weighed on prices.
