MILAN – Coffee futures prices closed mixed in the last session of the week, with a further recovery in New York, while London was marginally down. On Friday, 10 January 2025, Ice Arabica’s front month closed up 535 points, ending the day at 323.85 cents, 520 points above the close of Friday, 3 January. Ice Robusta’s coffee futures, on the other hand, lost ground, ending the week down $13 at $4.966, only $2 below the previous Friday’s close.
Supporting Arabica prices was mainly the news from Brazil, where weather reports indicated a drop in rainfall levels below historical averages.
A new report from Itaú BBA, which predicts a challenging scenario for the Arabica market throughout 2025 and the first half of 2026, also contributed to the recovery in prices.
Meanwhile, data released last week by the Brazilian Secretariat of International Trade (SECEX) showed that Brazil’s green coffee exports in December 2024 were 201,908 tonnes or 3,365,133 bags, compared to 243,559 in the same month of 2023 (-17,1%).
The value of green coffee exports, on the other hand, rose sharply to over $1 billion, up from $775.67 million in December 2023. E
Exports of roasted coffee and coffee extracts, essences and concentrates amounted to 10,238 tonnes, compared to 6,704 tonnes in the same month of 2024.
Cecafé’s full figures on coffee exports will be released this week
The latest Commitment of Traders report from the Ice Robusta has seen the Speculative Managed Money Sector marginally increase their net long position by 2.76% within the market over the week of trade leading to Tuesday 7th January 2025 to register a new net long position of 20,414 lots.
The latest Commitment of Traders report from the Ice Arabica market will be released later today, due to the National Day of Mourning for Former US President Jimmy Carter observed last week, on the 9th January 2025.
