Coffee futures jump to five‑month highs amid Brazil harvest delays

Arabica coffee futures on ICE surged by up to 12 % in a single session, reaching $3.48 per pound – the highest level since early 2026 – while Robusta futures rose around 8 % on ICE Europe. The rapid price gains were described as “the largest single‑day price rise this century.”

The rally was driven by concerns over Brazil’s coffee harvest. By early July only about 52 % of the 2026/27 crop was harvested, well below the 60 % achieved at the same point last year and the five‑year average of 55 %. Persistent rainfall and the risk of a strong El Niño have slowed picking and processing, prompting growers to limit sales. In addition, the Intercontinental Exchange raised margin requirements for coffee contracts, tightening liquidity and amplifying price swings. These supply‑side pressures pushed futures on the New York exchange up 12.30 % to $3.47 per pound and sparked broader market volatility.

Analysts noted that the price break above long‑term moving averages has attracted speculative buying, further feeding the rally as traders anticipate tighter supplies through the upcoming harvest season.