MILAN – Coffee futures prices began the week on a softer note, down from last week’s all-time highs. After Monday’s close for the Presidents’ Day holiday, New York reopened on Tuesday 18th with a new session in negative territory: the May contract fell 215 points to settle at a one-week low of 405.25 cents. London May contract gained $41 yesterday to close at $5,721.
Last week’s rally is being partially reversed, but the underlying picture continues to support coffee futures prices, which remain close to the record levels reached earlier this month.
Meanwhile, the latest Commitment of Traders report from the Intercontinental Exchange shows that the Non-Commercial Speculative sector decreased their net long position by 10.47% in the week to Tuesday, 11th February, 2025, to register a new long position of 45,061 lots.
The Commercial sector held 85,857 lots or the equivalent of 24,340,079 bags net short position on the same day, or a 7.46% decrease over the previous week.
On the other hand, the Managed Money fund decreased their net long position by 8.45% to a new long position at 60,161 Lots. The Index Fund sector decreased their net long position by 1.05% to a net long position of 37,465 Lots on the day.
The latest Commitment of Traders report from the Ice Robusta has seen the Speculative Managed Money Sector increase their net long position by 3.48% over the week of trade leading to Tuesday, 11th February, 2025,: to register a new net long position of 26,648 lots.
Meanwhile, the latest Safras & Mercado report shows that, as of 11 February, Brazil had marketed 88% of the 2024/25 crop, compared with 79% last year and an 82% the average for the last five years. Sales of the 2025/26 crop are progressing more slowly at 13% compared with the historical average of 22%.
Thanks to consistent efforts in crop renewal and rationalisation, the Brazilian state of Rondônia has transformed itself from the bottom of the class to Brazil’s leader in Robusta coffee production, in terms of yields per hectare.
In 2024/25, according to Conab’s official estimate, production was almost 2.1 million bags, with an average productivity of 54.5 bags/ha.
Exports in 2024 amounted to 584,267 bags, an increase of 645% over the previous year.
The challenge now – according to local media – is to sustain this growth, consolidate existing markets, and explore new opportunities, ensuring the sustainability and competitiveness of Rondônia’s coffee sector in the international market.
