Cafés, Cacao, Azúcares, Caucho y especias

Jul 11 - Vietnam prices edge down further on thin trade, premiums flat in Indonesia

Coffee prices in Vietnam edged down further this week on thin trading activity as the crop season comes to an end and the global beans stockpile recovers on the back of supply from Indonesia and Brazil, traders said on Thursday.

Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 92,300-92,600 dong ($3.54-$3.55) per kg, down from last week's 94,700-95,200 dong.
"Big roasters are buying cautiously amid tariff risks (from the U.S.), while exporters from Vietnam started to take profits and release more inventories," said a trader based in the coffee belt.
"The fact that Indonesian and Brazilian beans are hitting the markets is another reason for decreasing prices."
Another trader based in the region said it received sufficient rain recently and is likely to improve supply.

Robusta coffee settled down $98, or 2.7%, at $3,470 a metric ton on Wednesday.

- Traders offered 5% black and broken-grade 2 robusta in the range of $120-$130 per ton premium to the September LIFFE contract.
Vietnam exported 943,000 tons of coffee in the first half of this year, up 4.1% from the same period last year, government data showed. June exports stood at 119,000 tons, an annual increase of 53%.

- In Indonesia, Sumatra robusta coffee beans were offered at $240-$250 premium range to the August-September contract, unchanged from last week, one trader said.
Another trader quoted beans at $200 premium to the September contract, also the same as last week.

Jul 11 - Ivory Coast has sold 850,000 tons of 2025/26 cocoa export contracts, sources say
Ivory Coast's Coffee and Cocoa Council regulator has sold 850,000 metric tons of cocoa export contracts for the coming 2025/26 season, one month ahead of its target, two sources at the CCC told Reuters on Thursday. The sales, which cover export contracts for the October-to-March main harvest in the world's leading producer, put the CCC well on track to reach its eventual target of 1.3 million tons, the sources said, despite concerns about crop development. 

Jul 11 - Trump's Brazil tariff rattles coffee market, could raise prices in US
The 50% tariff that the Trump administration has slapped on Brazilian imports has rattled the global coffee market and could make the price of a cup of coffee in the U.S. jump beyond recent highs. Coffee trade sources said the new duty announced on Wednesday, if confirmed on August 1, could halt new shipments of Brazilian coffee to the U.S., which imported 8.14 million 60-kg bags of the product from the South American country in 2024, or 33% of its total consumption.  

Jul 10 - Trump sets 50% US tariffs on Brazilian imports starting in August
- U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a 50% duty on goods from Brazil, to start on August 1.
- The announcement came hours after he also informed Brazil that its "reciprocal" tariff on August 1 would rise to 50% from 10%, a shockingly high level for a country with a balanced U.S. trade relationship.
- Trump's Brazil tariff order came in a letter to Brazilian President Luiz Inacio Lula da Silva that vented anger over what he called the "Witch Hunt" trial of Lula's right-wing predecessor, Jair Bolsonaro, and adding to an increasingly bitter public feud with Lula. Trump also criticized what he said were Brazil's attacks on free elections, Americans' free speech and "SECRET and UNLAWFUL Censorship Orders to U.S. Social Media platforms." 

- He ordered the U.S. Trade Representative's office to launch a new "Section 301" unfair trade practices investigation that could add even more tariffs, citing "Brazil's continued attacks on the Digital Trade Activities of American companies." Lula responded to Trump's letter by issuing a statement saying that any unilateral measure to increase tariffs would be met with a response in accordance with Brazilian law.

- Brad Setser, a former U.S. trade official now with the Council on Foreign Relations, said Trump's action could easily spiral into a damaging trade war between the two democracies.
"This shows the danger of having tariffs that are under the unilateral control of one man," Setser said. "It's tied to the fact that Lula beat Trump's friend Bolsonaro in the election." Brazil is the 15th largest U.S. trading partner, with total two-way trade of $92 billion in 2024, and a rare $7.4 billion U.S. trade surplus, according to U.S. Census Bureau data.
- Top U.S. exports to Brazil are commercial aircraft, petroleum products and crude oil, coal and semiconductors while Brazil's top exports to the U.S. are crude oil, coffee, semi-finished steel and pig iron. The South American country has held off on implementing a digital services tax but has sought to advance legislation with stronger competition regulations on digital platforms.

- Trump earlier on his Truth Social media platform issued August 1 tariff notices to seven minor trading partners that exported only $15 billion in goods to the U.S. last year: a 20% tariff on goods from the Philippines, 30% on goods from Sri Lanka, Algeria, Iraq, and Libya, and 25% on Brunei and Moldova.

Jul 07 - EU to cut Ukrainian sugar imports by 70-80% under new quotas
European Union will cut imports of Ukrainian sugar by up to 80% to address the concerns of its farmers, according to quotas announced on Friday, that are likely to drive Ukraine growers to sell more to markets in Asia and Africa. In a show of solidarity following the start of the Ukraine war in 2022, the EU opened up its food markets and temporarily waived duties and quotas.

Jul 07 - Dreyfus sees Brazil adding 23 million bags of coffee to the market in 10 years
Louis Dreyfus Company, one of the world's three largest coffee merchants, estimates that Brazil could add 23 million 60-kg bags to the market over the next 10 years, the firm's head of coffee research, Charles Chiapolino, said on Friday. That would come after the South American country, the world's No.1 producer and exporter, increased output by 9 million bags in the last decade, he added during a presentation at the Coffee Dinner & Summit event. 

Jul 04 - REUTERS TECHNICAL ANALYSIS Q3 OUTLOOK 2025 - WANG TAO

In the third quarter,  Brent and U.S. crude may fall to $71.33 and $55.30 respectively. Palm oil, corn, soybeans, wheat and coffee are set to test key supports, while gold may revisit $3,120. Aluminium and cocoa may face resistance, with copper targeting $10,219. The dollar index could drop to 95. To read the full report, click here

Jul 04 - Global coffee supply relief possible in three years, ICO head says
Global coffee supply could improve in three years as new plantations spurred by record high prices start producing, International Coffee Organization Executive Director Vanusia Nogueira said on Thursday at an event in Brazil. The outlook, however, depends on market conditions remaining favorable enough for farmers to maintain their crops, Nogueira told journalists at an event organized by the Brazilian coffee exporters group Cecafe.

Jun 30 - Cashew Imports From Vietnam Into the US Fall for the Third Consecutive Month

Cashew imports from Vietnam into the US continue to trail last year, falling year-on-year (y-o-y) for the third consecutive month in April to 6,914 tonnes  (-24% y-o-y). The year-to-date (YTD) imports amounted to 32,455 tonnes (Jan-Apr), according to the USDA FAS data. This is 16% below the five-year average.

However, with the US-bound cashew exports from Vietnam accelerating in April and May, due to the increased urgency to ship material within the 90-day pause in the US import levies, US cashew imports are anticipated to show a growth during May and mainly June.

In the EU, imports from Vietnam run ahead of the last year, unlike in the US. The EU imported 8,700 tonnes of Vietnam-processed cashew kernels in April 2025, an increase of 9% y-o-y, up 10% on the five-year average, but down 1,550 tonnes from the March volume, according to the Eurostat. The YTD imports reached 40,690 tonnes (Jan-Apr), up 15% y-o-y and an increase of 13% on the five-year average.

Imports of Ivorian processed cashews continue to accelerate into the US and the EU as the world’s largest cashew producer steadily grows its domestic processing capacity, taking market share away from Vietnam.

The US imported almost 700 tonnes of cashew kernels from Cote d’Ivoire in April, up 52% y-o-y. The YTD shipments from Cote d’Ivoire into the US amounted to 2,735 tonnes between January and April, up 27% y-o-y and 30% above the five-year average.    

In the EU, imports from Cote d’Ivoire continue to grow at a rapid rate. The European trading bloc imported 1,865 tonnes of cashew kernels from Cote d’Ivoire in April 2025, up 45% y-o-y.

Since the start of the year, cashew imports from Cote d’Ivoire into the EU reached 9,445 tonnes, up 45% y-o-y and an increase of 69% on the five-year average. For comparison, five  years ago, imports during the first four months of 2020 totalled slightly below 900 tonnes.

Jun 27 - Asia coffee: Prices fall further in Vietnam, premiums rise in Indonesia

Domestic coffee prices in Vietnam dropped below the VND100,000 per kg milestone this week, pressured by a sharp decline in global prices and sluggish trading activity due to limited supplies, traders said on Thursday.

Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at VND94,500-95,000 ($3.62-$3.64) per kg, down from last week's VND103,000-103,500 range.

LIFFE robusta coffee hit a fresh one-year low of $3,524 a metric ton as of Wednesday's close, down by 4%, according to data compiled by LSEG.
"There is no factor that can support the price at the moment," said a trader based in the coffee belt.
"Some farmers haven't sold all of their stocks yet. Given the current prices, it is very unlikely that they will release the remaining beans."

The United States Department of Agriculture, in a report this week, projected that global production will grow by 4.3 million 60-kg bags from the previous season to a record 178.7 million bags, while consumption is estimated at a new peak of 169.4 million bags.

Traders offered 5% black and broken-grade 2 robusta in the range of $140-$165 per-ton premium to the September LIFFE contract, compared with last week's $109-$129 premium range.

In Indonesia, Sumatra Robusta coffee beans were offered at $330 premium this week to the September contract, compared with $235 premium last week as "an adjustment to the sharp fall on London terminal," one trader said.

Jun 26 - Raw World Sugar Futures Decline as India Projects Surplus Supply

As the 2024/25 Indian sugar crop season has ended, market participants have shifted focus to assess the upcoming season. Amid the forecast of positive weather, the predominant view is one of a bumper crop in the 2025/26 marketing year. On average, estimates of gross sugar production are expected to reach around 35 million metric tons, according to the last month’s data from the Tropical Research Services (TRS) team at Expana.

According to the National Federation of Sugar Cooperative Factories, India is set to produce surplus sugar for at least two consecutive years. Farmers are expanding cultivated area because of excess rainfall, boosting crop yields. The rebound in production would allow the world’s second-largest sugar producer to increase exports following restrictions set in 2023.

The favorable weather conditions will benefit the crop to be harvested during 2025/26 season, which begins in October. The rain will also support planting for harvest during the following year. The timeline for sugar cane from planting to harvest typically lasts 10 to 18 months. Therefore, growers planting this month will likely harvest their crop during the 2026/27 season.

For the 2024/25 marketing year to September, India’s net sugar production is anticipated to fall below consumption for the first time in eight years. The decrease is attributed to drought in 2023 that caused India’s government to limit sugar exports last year to maintain sufficient domestic supply. India’s exports averaged 6.8 million tons annually for the five years leading up to 2022/23.

Meanwhile, world sugar prices continued to be driven by the macroeconomic backdrop, with industry players citing fears of a global economic recession and weakening demand. As a result, July 2025 ICE NY #11 raw sugar futures traded for most of the month at or below the $0.18/lb threshold crossed on May 2, according to Expana.

Jun 20 - Asia coffee: Domestic prices hit 1-year low in Vietnam on tepid trade, global cues 

Vietnam’s domestic coffee prices fell to their lowest since May 2023 on Thursday, pressured by a drop in global prices, rising robusta supplies from other producers, and a complicated global outlook, traders said.

Farmers in the Central Highlands, Vietnam’s largest coffee-growing region, sold beans at 103,000-103,500 dong ($3.94-$3.96) per kg, falling sharply from last week’s 111,500-112,000 dong range and hitting the lowest level since May last year.

LIFFE robusta coffee lost $264, or 6%, to $3,891 a ton on Wednesday, also a one-year low level, according to data compiled by LSEG.

“Trade is very lacklustre now as many are anticipating prices would fall further,” a trader based in the coffee belt said.

“Given the rising global tension, everyone is trading with cautious manner.”

Another trader based in the same region said the weather was favourable for the trees at the moment with sufficient rain.
“Upcoming crop will very likely be a good one,” the second trader said. 

- Traders offered 5% black and broken-grade 2 robusta in the range of $109-$129 per ton premium to the September LIFFE contract.

- In Indonesia, Sumatra coffee beans were offered at $235 premium this week to the September contract, compared with $145 premium a week ago to the July-August contract, “as an adjustment to the London terminal”, a trader said.

Another trader quoted $150 premium to the September contract, up from $100 premium a week ago.

Jun 18 - Brazil's Copersucar forecasts 2025/26 sugarcane harvest to meet or exceed previous year
Sugarcane harvested in the 2025/26 crop by partners of Brazil's Copersucar, the world's largest sugar trader, is expected to meet or exceed levels seen in 2024/25, the company's president, Tomas Manzano, said on Tuesday. Copersucar's partners crushed 107 million metric tons of sugarcane in 2024/25, Manzano said. 

Jun 18 - Ivory Coast cocoa arrivals miss exporter estimates, regulator says
Cocoa arrivals at ports in top grower Ivory Coast have reached 1.540 million metric tons at the end of May, compared with exporters' estimates of 1.624 million tons for the same period, Yves Brahima Kone, managing director of the national regulator, said on Tuesday. Last month, cocoa quality was poor and buyers rejected more beans from farmers, which resulted in low volumes, exporters told Reuters.

Jun 17 - Brazil's sugar production beats expectations in late May
Sugar production in Brazil's key center-south region rose 8.9% in the second half of May when compared to a year earlier, industry group UNICA said on Monday, topping market expectations as sugarcane crushing also increased in the period. Sugar output hit 2.95 million metric tons in late May, UNICA said in a report, with cane processing rising 5.5% to 47.84 million tons.

Jun 16 - Brazil's coffee harvest lags last year's pace while sales keep up
Brazil's 2025/26 coffee harvest accelerated to 35% in the past week but remained below the level at the same time in 2024, while sales of the expected output were in line with last year, at 22%, consultancy firm Safras & Mercado said on Friday. The harvest in the world's largest coffee grower rose seven percentage points during the week through June 11, with dry weather favoring robusta beans, Safras & Mercado said in a report. 

Jun 13 - Robusta coffee hits 10-month low, sugar at lowest in more than 4 years (Reuters)

- Robusta coffee futures on ICE hit a 10-month low on Friday amid good harvest progress in Indonesia and Brazil and improved prospects in top grower Vietnam, while sugar hit a fresh four-year low despite Israel's attack on Iran.
- The attack sent oil prices surging, raising energy prices more broadly and increasing the incentive for cane mills in top grower Brazil to produce less sugar and more ethanol, a cane-based biofuel.

COFFEE

* Robusta coffee RC2! settled down $27, or 0.6%, at $4,287 a metric ton, having hit a 10-month low of $4,133. Robusta posted losses for the last seven weeks.
* Dealers said the weather in No. 2 robusta exporter Brazil remains benign and that with ICE stocks rising again, the market does not have many reasons to stay elevated.
* In top robusta producer and exporter Vietnam, the weather remains favourable, dealers said, with rains coming at the right time, cutting down irrigation costs and allowing farmers to spend more on fertilizers.
* The U.S. Department of Agriculture expects Vietnam's robusta output to rise around 7% from a year earlier to a four-year high of 30 million bags in 2025/26.
* Arabica coffee rose 0.2% to $3.46 per lb.

SUGAR

* Raw sugar SB1! ​​settled down 0.14 cents, or 0.9%, at 16.13 cents per lb, the lowest since April 2021. The contract lost 2.2% in the week, the fifth consecutive week of losses.
* Sugar rose earlier in the session amid Israel's strike on Iran, which raised worries over a disruption to oil supplies, sending energy prices higher.
* Sugar's fundamentals, however, remain bearish given ample rains in key producers India, Thailand and China.
* Thailand's sugarcane planting area for the 2025/26 season was up just over 8% from the previous season, boosting crop prospects, a senior sugar official told Reuters.
* In the EU, however, early hopes for strong sugar beet yields were dampened by a dry spring, while reduced plantings are set to result in a smaller overall harvest.
* White sugar was little changed at $465.30 a ton.

COCOA

* London cocoa C2! ​settled down 139 pounds, or 2.2%, to 6,228 pounds per ton, ​having ​settled 0.3% higher on Thursday.
* New York cocoa CC2! fell 3.1% to $8,952 a ton.
* "There are still reports of increased flows of cocoa from Nigeria and reports of increased production potential in other countries outside of West Africa, including Asia and Central America," said Jack Scoville, an analyst with Chicago-based The Price Futures Group, in a note.

Jun 12 - ASIA COFFEE-Domestic prices fall in Vietnam, premiums rise in Indonesia
- Vietnam's domestic coffee prices fell further from a week earlier on Thursday amid sluggish trading, while rising beans stockpiles in Indonesia pushed premiums higher against last week, traders said. 
Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 111,500-112,000 dong ($4.29-$4.30) per kg, down from last week's 113,500-114,000 dong range. 
Vietnam is bracing for a tropical storm that may cause heavy rains in the coffee-growing area from Thursday.
"Rain at this point is not so worrisome, but we still have to keep an eye out," said a trader based in the coffee-growing area, adding activities were tepid.

- Some farmers still held beans, but with the current prices, "it is very unlikely that they would release beans at the moment", another trader said.
Vietnam exported 813,000 metric tons of coffee in the January-May period, down 1.8% year-on-year, government data showed. Export revenues for the same period rose 62.3% to $4.7 billion, with May exports at 148,000 tons, a 59% annual rise.

- Meanwhile, Indonesia's Sumatra robusta coffee bean exports were at 14,384.3 tons in April, significantly larger than a year ago, but down 37% month-on-month, data from the local trade office showed.

LIFFE robusta coffee lost $26, or 1%, to $4,291 a ton on Wednesday, LSEG-compiled data showed.
"Supportive trade data from both Vietnam and Indonesia is also a factor to drag price," the second trader said.

Sumatra coffee beans were offered at a $145 premium this week to the July-August contract, up from a $80 premium a week ago, one trader said.
"Beans volume is better, although not yet in full swing."
Beans were offered at a $100 premium to the September contract versus the $80 premium last week, another trader said.

Jun 06 - Ivory Coast has sold half of 2025/26 cocoa export contracts, sources say
Ivory Coast's cocoa regulator has already sold around half of its export permits for next season, as trading houses seek to protect their businesses in the event of another poor harvest from the world's biggest producer. The Coffee and Cocoa Council (CCC), which regulates the cocoa sector in Ivory Coast, the world's leading producer, has already sold between 650,000 and 700,000 metric tons of cocoa export contracts for next season, sources told Reuters.

Jun 05 - Coffee Trade slows in Vietnam, supplies build up in Indonesia

- Coffee trading was sluggish in Vietnam this week, with domestic prices falling further following global cues and rising supplies from other robusta producers, while prices flipped to premium in Indonesia amid ongoing harvest. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 113,500-114,000 dong ($4.35-$4.37) per kg, lower than the 121,700-122,300 dong range a week ago.
"Activities are not very upbeat," said a trader based in the coffee belt.
"New supplies from Indonesia, Brazil and now Uganda are coming. Beans shortage is not really an issue at the moment."

- Traders expect the prices to fall further in the coming weeks. The conilon (robusta) harvest in Brazil is progressing well, with the weather generally favourable and a large crop widely anticipated.

- LIFFE robusta coffee settled up $8, or 0.2% at $4,345 a ton on Wednesday after hitting the lowest level in 9-1/2 months the day before, LSEG data showed.

- Traders offered 5% black and broken-grade 2 robusta in the range of $40-$80 per ton premium to the September LIFFE contract.

- Indonesian Sumatra robusta coffee beans were offered at an $80 premium this week to the July-August contract, one trader said, adding that "beans have been harvested in several areas".
Another trader quoted a $80 premium to the September contract, compared with a $30 discount two weeks ago to the July contract.

May 30 - Coffee's record highs continue as it approaches $4 per lb

- The relentless coffee price rally continued on Thursday as arabica futures on the ICE exchange hit a new record approaching $4 per lb on extremely tight supplies and fears over the outlook for the coming crop. Arabica coffee futures in New York , used as a benchmark to price deals around the world, hit an all-time high of $3.7685 per lb earlier in the day, up more than 15% already this year. They closed up 1.9% at $3.734 per lb.
Dealers said exchange data shows that top roasters such as Nestle are under-bought and still have much buying to do while speculators remain bullish on coffee.

- Supplies remain extremely tight in Brazil after severe drought last year dented forecasts for the coming crop. Brazil produces nearly half the world's arabica.
"The real story is that supply has fallen much faster than demand. It really is that simple," said Trishul Mandana, managing director for Volcafe, one of the world's largest coffee traders.
"The tightness in Brazil and the current differentials are telling us the real story of the 24/25 crop - and which will no doubt quickly lead to the disappearance of certs (arabica-certified stocks at ICE). And things could get messy rather quickly," Mandana added.

- Certified arabica stocks started to diminish quickly in recent days, falling nearly 100,000 bags to around 900,000 bags.
There has been some hope that the situation in Brazil for the new crop might not be as bad as previously feared, thanks to rains over the past few months, but dealers said the latest weather forecasts have made people nervous again.
"Below-average rainfall in some (Brazilian) regions has once again fuelled fears," trader Icona Cafe said in a report, citing forecasts for longer periods of dry weather and rising temperatures in key coffee regions over the next few weeks.

- Supplies are also tight in robusta coffee, which is to some extent fungible with arabica even though it is used generally to make instant coffee rather than roast and ground blends.
Robusta coffee rose 2.2% at $5,734 a ton a metric ton, just shy of an all-time high for the contract.
Farmers in Vietnam, the world's top robusta producer, are holding back sales in anticipation of further price gains while a sharp slowdown in trade and shipping is expected at the end of January because of Lunar New Year celebrations.

May 29 - US ruling that Trump tariffs are unlawful stirs relief and uncertainty

•     Trump administration has said it will appeal the court ruling
•     US dollar, banks, luxury, chipmakers lead gains
•     Analysts say even a pause provides valuable time

- A U.S. trade court ruling that blocked most of President Donald Trump's tariffs and found he had overstepped his authority triggered some relief on financial markets on Thursday, while adding to the uncertainties weighing on the global economy. Among the United States' big trading partners, in the throes of negotiation with the Trump administration, Germany said it could not comment, as did the European Commission.

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news.
"We ask for your understanding that we cannot comment on the legal proceedings in the U.S., as they are still ongoing," a spokesperson for Germany's economy ministry said.
"We continue to hope that a mutually beneficial solution can be reached in the negotiations between the EU Commission and the U.S. government."
Winners on financial markets included chip makers, banks, luxury stocks and auto industry, all hit hard by tariff-led disruptions.
The U.S. dollar rallied 0.2% against the yen and 0.3% against the Swiss franc as currencies and assets that have benefited from the tariff-induced market turmoil fell.

- Wall Street stock index futures rose by more than 1.5%
The trade court ruling on Wednesday dealt a blow to Trump's central policy of using tariffs to wring concessions from trading partners.
His administration immediately said it will appeal and analysts said investors will remain cautious as the White House explores its legal avenues.
Following a market revolt after Trump's major tariff announcement on April 2, the U.S. president paused most import duties for 90 days and said he would hammer out bilateral deals with trade partners. But apart from a pact with Britain this month, agreements remain elusive and the court's stay on the tariffs may dissuade countries like Japan from rushing into deals, analysts said.

- Another pause in Trump's stop-start trade policy could be helpful to opponents of his tariffs and to traders who relish volatility.
"Assuming that an appeal does not succeed in the next few days, the main win is time to prepare, and also a cap on the breadth of tariffs – which can’t exceed 15% for the time being," George Lagarias, chief economist at Forvis Mazars international advisers, said.

May 29 - Brazil 2025 Arabica coffee harvest showing smaller crop with better beans, experts say
Brazil's 2025 Arabica coffee harvest is starting with mixed sentiment as ground operations confirm forecasts of a smaller crop during a so-called off year, while bean size shows improvement, industry experts told Reuters this week. In the Cerrado Mineiro region, where producers have collected around 4% of the expected crop, an average of 30% to 40% of beans have a screen size of 17-18, said Wellis Caixeta, coffee purchasing manager for cooperative Expocacer.

May 28 - Coffee Prices drop in Vietnam on global cues, higher supplies from rivals

Domestic coffee prices in Vietnam fell further this week following a sharp fall in the London terminal and higher supplies from rival producers that eased supply scarcity, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 121,700-122,300 dong ($4.68-$4.70) per kg, down from last week's 124,500-125,200 dong. Indonesia's market was closed for a holiday.

LIFFE Robusta coffee RC2! fell 3% to $4,566 a ton as of Wednesday's close, the lowest level in six months, LSEG data showed.
"New supplies from other markets are building up. Currently, prices of Vietnamese beans are higher than those of rivals, causing tepid trade activities," said a trader based in Ho Chi Minh City.
"Additionally, freight is higher recently due to higher demands for shipping before the Trump's tariff pause ends."

- Traders offered 5% black and broken-grade 2 robusta at a premium range of $150-$180 per ton to the September LIFFE contract.

Another trader based in the coffee belt said that the weather was still in good condition with sufficient water for the trees.

May 21 - Brazil coffee farmers in no rush to sell amid slow harvest start, says broker
The 2025 Brazilian coffee harvest has had a slow start and well financed farmers are in no rush to sell the beans, broker and analyst Hedgepoint Global Markets said in a report on Tuesday. It estimated that farmers in the world's largest producer and exporter of coffee picked 7% of the crop so far, below the 10% historical average for this time of the year.

May 15 - ASIA Coffee Domestic prices fall in Vietnam, new beans hit Indonesian market

- Coffee prices in Vietnam edged down on Thursday, while discounts narrowed in Indonesia as beans from the new harvest started enter the market, traders said on Thursday.
Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 125,700-126,200 dong ($4.85-$4.87) per kg, down from last week's 128,000-129,000 dong.

- LIFFE Robusta coffee fell 2% to $5,010 a ton as of Wednesday's close, the lowest level in a month.
"Robusta stockpile tracked by ICE witnessed a recovery, putting pressure on prices," said a trader based in Ho Chi Minh City.
"The fact that robusta coffee output for the 2024/25 crop year is expected to increase and new supplies are coming in Indonesia helped ease supply concern and contributed to the decrease in prices," the trader said.

- Traders offered 5% black and broken-grade 2 robusta at a discount range of $80-$100 to the July LIFFE contract. Another trader said supplies remained thin at the moment.
"Farmers in Vietnam are hold onto beans considering the current lower price while offers are still limited in Brazil and Indonesia," the second trader said.

- In Indonesia, Sumatra robusta coffee beans were offered at $20 discount to the May contract, compared with a $70 discount last week, one trader said.
"Green beans have started to emerge, although it is not much yet, averaging around 1,500 metric tons per day," the trader said.
Another trader said beans were quoted at $70 discount to the July contract, compared to last week's $150 discount.

A third trader said output in the upcoming harvest was estimated to be 5% higher than the previous one.

May 02 - Colombia's Q1 coffee exports jump 20%, says farming group
Colombian coffee exports increased 20% in the first quarter compared to a year ago to 3.59 million 60-kg bags, the largest volume for the quarter in five years, according to the Federacion Nacional de Cafeteros.  FNC's Chief Executive German Bahamon said in a post on X that the result indicates that Colombian coffee has recovered competitiveness in the global coffee market in a period of challenging logistics and geopolitical turbulence.

Apr 30 - Brazil's sugar production to hit record high in 2025/26, Conab says
Brazil's sugar production is expected to hit a record high in 2025/26 despite a year-on-year drop in the local sugarcane crop, state agricultural agency Conab said on Tuesday, citing favorable market conditions for the sweetener. The agency estimated sugar output at 45.9 million metric tons, up 4% from the previous season, while Brazil's sugarcane crop is seen hitting 663.4 million tons, down 2% due to adverse weather conditions during development stages.

Apr 29 - Abundant Ivory Coast rains signal promising end to cocoa mid-crop, farmers say
Above average rainfall last week across most of Ivory Coast's main cocoa growing regions is expected to boost the development of the April-to-September mid-crop, farmers said on Monday. Ivory Coast, the world's top cocoa producer, has entered its April to mid-November rainy season, a period when showers are abundant and often heavy.

Apr 28 - Vietnam coffee farmers boost irrigation but running low on water, says report
- Coffee farmers in Vietnam, the world's largest producer of robusta coffee, have sharply increased use of irrigation in the main producing regions of the country amid excessive dryness, but they are now running low on water, a report said on Monday. So far this season, many farmers have used irrigation as much as seven times already, compared with five times usually in a normal season, and they are seeing the need to irrigate coffee trees for an eighth time if they have water, said J.Ganes Consulting LLC in notes from a crop tour in Vietnam.
"The severe water deficiency and extreme temperatures have caused nutrient imbalances for the trees," said soft commodities analyst Judith Ganes, president of J.Ganes Consulting, adding that wells used by the farmers to get water for irrigation are running low.

- The report says that the hot and dry environment has favored the spread of pests such as cochinilla in some farms. That insect can hurt flowers and small fruits in the trees, leading to lower agricultural yields.

- An intense heatwave is sweeping through Southeast Asia, and maximum temperatures measured in several parts of northern and central Vietnam ranged from 40.2 to 44.0 degrees Celsius (104-111°F), the country's national weather agency said on Sunday, adding that temperatures will not subside until Wednesday. Vietnam's weather was the latest factor behind record high prices for robusta coffee . The market was already hot due to below-average production for Vietnam and Indonesia in the last crop, and now the climate conditions have not been favorable for the development of the new crop.
"The incidence of cochinilla in Gia Lai is extensive and not yet under control. The speed at which cochinilla can spread is very fast and so this situation is very concerning," said the report regarding one of the main coffee producing regions in Vietnam.
Ganes said there is forecast for rains coming in May, which could relieve the dryness.

Apr 24 - Vietnam domestic prices edge down; Indonesian discount narrows
- Coffee bean prices in Vietnam on Thursday were down slightly from a week earlier, with the Indonesian discount narrowing on London price strength and tight supplies, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 130,000-130,500 dong ($5.00-$5.02) on Thursday, down from 132,700-133,700 dong a week earlier.

"The slight fall in domestic prices doesn't fully reflect the global market situation, but it shows that some farmers are under pressure to sell for cash to take care of their farms," a trader based in the Central Highlands said.

"Farmers are still holding around 40% of their 2024-2025 harvest."

The trader, however, said that prices are unlikely to fall further in the short term because most farmers are holding on to their beans to wait for higher prices.

LIFFE Robusta coffee fell 0.9% to $5,314 a ton by 1010 GMT.

In Indonesia, Sumatra robusta coffee beans were offered at a $120 discount to the May contract, narrowing from a $150-$160 discount last week, one trader said, adding that the change was on the back of London price strength a "scarcity of beans".

Apr 23 - Brazil's 2025/26 coffee output forecast to decline by up to 6.4%
Brazil's 2025/26 coffee crop is forecast to decline by between 3% to 6.4% versus the previous cycle, mostly due to dry weather in 2024, according to two estimates published by different banks on Tuesday.

Following a crop tour, Dutch bank Rabobank forecast Brazil's coffee output in the 2025/26 cycle would drop 6.4% to 62.8 million 60-kilogram bags, below the 67.1 million bags it forecast in the 2024/25 crop.

Brazil's arabica coffee production is expected to decline significantly by 13.6% to around 38 million bags, Rabobank said, while robusta output is expected to offset some arabica underperformance by growing 7.3% to reach a record 24.7 million bags.
"The dry weather in 2024 significantly affected flowering and, consequently, arabica coffee production. However, excellent yields are estimated for robusta coffee, despite a pessimistic outlook for the state of Rondonia," Rabobank said.

Bank Itau BBA held its coffee production forecast at 64.4 million bags.

The estimate is 3% lower than the Brazilian coffee output of 66.4 million bags for the 2024/25 cycle reported by the U.S. Department of Agriculture, which the bank used as its comparative base.
"We continue to expect a 10% reduction in arabica production, to 40.9 million bags, and a 12% increase in robusta, totaling 23.5 million bags," the bank said.

Harvesting of conilon coffee beans - a variety of robusta - for the 2025/26 crop has begun in some areas of Brazil's Espirito Santo and Bahia states, the Cooabriel cooperative said

Apr18 - Easter Holidays

There are lots of holidays this week and next due to Christian Easter holidays.
Some countries like Brazil are closed on both Friday 18 (Good Friday) and Monday 21 (Easter Monday). Here in France things are only closed on Monday.

Apr 17 - Domestic coffee prices edge up in Vietnam, Indonesia flips to discount (Reuters)
Coffee bean prices in Vietnam rose this week as focus shifted to tight supplies after a temporary pause on U.S. tariffs, while beans in Indonesia flipped to a discount, traders said on Thursday.
Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 132,700-133,700 dong ($5.13-$5,17) per kg, up from last week's 117,300-119,000 dong.

LIFFE robusta coffee for July RC2! also gained $330 from the beginning of this week, closing at $5,379 per metric ton on Wednesday.
"Now that tariff concern has temporarily eased, people turn their focus back on supply crunch as Vietnam still remains a key source for robusta until harvest peak in Indonesia," said a trader based in the coffee belt.

Over the past week, some U.S.-based importers asked Vietnamese firms to delay shipments and suspend signing new contracts as they were afraid of possible tariffs on the country, the Mercantile Exchange of Vietnam said in a note.
"Other markets have also suspended transactions as they foresee prices will potentially fall due to the tariffs," according to the agency.

- In Indonesia, Sumatra robusta coffee beans were offered at a $150-160 discount to the May contract, down from $160-$180 premium last week "to adjust with the rise in London terminal lately", one trader said. Another trader quoted $140 discount to the July contract, compared to a $180 premium last week as "coffee beans are more available at the market."

Apr 13 - What Trump’s power play really means for the global coffee industry( Reuters )

Resilience and risk – who wins, who loses?
Not all countries – or companies – will feel the pinch equally.

- Brazil, already the world’s largest coffee producer, stands to benefit. With diversified production that includes both arabica and robusta, robust shipping infrastructure, and historically close ties to the U.S., Brazil appears well-positioned to solidify its dominance.

Analyst Alexander Barrett recently noted that “Brazil just won the coffee wars.” Indeed, its capacity to absorb shocks and offer scale gives it a structural advantage. In states like Espírito Santo, investments in robusta production have been ramping up, with exports climbing steadily. Even with moderate tariffs, Brazil remains competitive despite its climate change-related production issues, especially if Vietnam and Indonesia become pricier for American buyers.

Should reciprocal tariffs resume in 3 months, Colombia may also find unexpected upside. Washed arabicas from Colombia, long considered premium, had been undercut by the rise of high-quality robusta. But tariffs on Vietnam may reverse that trend, making Colombian beans more appealing once again to U.S. roasters. Still, with domestic challenges like labour shortages and climate pressures, Colombia’s ability to ramp up production quickly is limited.

Vietnam and Indonesia, by contrast, find themselves in a precarious spot. Unlike Colombia, which has invested heavily in promoting origin-branded, higher-value washed arabicas, Vietnam and Indonesia (with exceptions) are more often part of bulk commodity supply chains. Their economies also have less capacity to absorb shocks compared to Brazil, for example.

Despite the pause, the threat of tariffs has already disrupted contracts and spooked buyers. The irony is sharp: having built reputations for quality and reliability, they now risk being punished for geopolitical alignments they can’t control.

Crucially, the impact is not only national. Vertically integrated, capital-rich traders and multinationals may have the capacity to absorb short-term volatility. Smallholder cooperatives, farmers, and specialty traders will struggle.

Tariffs don’t just tax goods – they tax trust, timing, and scale.
“For the smallholder farmers ITC works with, the proposed tariffs could lead to immediate income losses, as they lack the financial flexibility to store coffee or wait for better prices,” says Sadiq.
“While cooperatives may offer some buffer, they remain vulnerable without access to finance or diversified markets. If U.S. buyers shift toward more stable, large-scale suppliers, there’s a real risk that smallholders and cooperatives could be sidelined, so strengthening market linkages and building resilience is key to ensuring they are not left behind.”

Meanwhile, U.S. consumers were initially expected to shoulder the costs. A Reuters report in March 2025 warned of “double-digit coffee price hikes by year-end,” a prediction that commodity analyst Javier Blas also made a few weeks prior in a popular Bloomberg Opinion video.

But when prices fell in response to tariff panic after Trump’s “Liberation Day,” it seemed roasters might pass the pain down the supply chain instead. For exporters and producers in origin countries, that’s a familiar story: Being at the mercy of markets they don’t control.
“The burden of trade policy tends to be pushed back downstream with roasters concerned that price hikes will hurt demand,” says Judith. “Either way it is producers that get hurt in the end, because it becomes more difficult to sell their coffee or the price declines to counter this.”
“Retail prices have been rising to reflect the price climb and heaping tariffs on top of that probably reaches a breaking point for consumers but also for coffee operators to function if they can’t pass the costs along.”

Apr 11 - Ivory Coast threatens more expensive cocoa in response to US tariffs
Ivory Coast, the world's biggest cocoa producer, could take measures to make the product more expensive if tariffs proposed by U.S. President Donald Trump go into effect, the West African country's agriculture minister said on Thursday. The Trump administration last week announced tariffs of 21%, the highest in West Africa, on Ivory Coast as part of higher targeted duties on dozens of countries.

Apr 10 - Brazil green coffee exports fall around 27% year-on-year in March
Brazilian green coffee exports fell 26.5% in March compared with the same period a year ago to 2.95 million 60-kilogram bags, according to data released on Wednesday by local exporters' group Cecafe, which cited record shipments in 2024 as the cause of the decline. Brazil, the world's top coffee producer and exporter, shipped abroad 2.81 million bags of arabica beans, a nearly 11% decline year-on-year, while exports of the robusta variety tumbled some 84% to about 138,500 bags, the data showed.

Apr 09 - Brazil coffee exporters glimpse opportunity amidst U.S tariffs
Brazilian coffee exporters see U.S. President Donald Trump's global tariffs as an opportunity to send more robusta beans to the United States after international rivals were hit with even heavier charges. Trump's tariffs levy a charge of 10% on imports from Brazil, while Vietnam and Indonesia - the world's first and third-largest robusta producers - got hit by 46% and 32% tariffs respectively.

Apr 07 - Coffee, cocoa and sugar plunge as Trump tariff turmoil continues (Reuters)
- World coffee, cocoa and sugar prices plunged on Monday as investors continued to fret about recession risks, with U.S. President Donald Trump showing little sign of backing down from sweeping trade tariffs imposed late last week. Investors fear a global trade war could spur higher prices, weaker demand and potentially a global recession. Trump has imposed baseline levies of 10% on almost all countries' exports to the U.S., and higher tariffs on many. Hardest hit were Asian countries, with China now facing total tariffs of more than 50% and top robusta coffee producer Vietnam hit with a 46% levy.

- Robusta coffee futures traded on the ICE exchange and seen as a global price benchmark were down 6.9% at $4,772 a metric ton at 1627 GMT, having hit their lowest in more than four months at $4,762, while arabica slid 6% to $3.4400 per lb, having earlier hit a two-month low of $3.4300.

- Indonesia, the world's third-largest robusta exporter, faces a 32% tariff on exports to the U.S., while Brazil, the world's top arabica shipper and No. 2 robusta exporter, faces levies of just 10%.

- Dealers said both robusta and arabica were largely under pressure from fears of a global recession. Vietnam and Indonesia do not ship huge volumes of coffee to the United States. Still, the U.S. is the world's largest chocolate and coffee consumer, and one of the world's top sugar users, so any decline in its consumption patterns will affect world prices.

- In other soft commodities, London cocoa fell 6% to 5,997 pounds per ton, having hit a five-month low of 5,971, while New York cocoa was down 5.5% to $8,046 a ton, having closed down 8% on Friday.

- Cocoa traders remain concerned about the upcoming mid-crop in top producer Ivory Coast. Exporters estimated cocoa arrivals at Ivorian ports from the season start to April 6 were up 10.5% from the same period a year ago, but they are expected to fall sharply following adverse weather this year.

- Elsewhere, raw sugar SB1! slipped 0.6% to 18.72 cents per lb​, having earlier hit its lowest in nearly a month at 18.62, while white sugar fell 0.7% to $534.50 a ton.

Apr 05 - Markets on the verge of a nervous breakdown
This week was tough for financial markets. Major indices took a nosedive after Donald Trump unveiled "reciprocal" tariffs that were much higher than anyone anticipated. The baseline is a 10% tariff, but some nations are feeling the heat far more. China is staring down the barrel of a whopping 54% in customs duties, Vietnam isn't far behind at 46%, and the European Union, by comparison, is getting off with a "slap on the wrist" at 20%. Volatility is the name of the game as risk aversion makes a dramatic comeback. Just when you thought it couldn't get any more chaotic, China decided to throw its hat into the tariff ring, announcing a 34% levy on U.S. products this Friday. The trade war isn't just a looming threat; it's here, and it's shaking up the markets with gusto.

Apr 04 - ASIA COFFEE-Supplies remain scarce in Vietnam amid uncertainty around US tariff impact
- Supply of robusta beans remained scarce in Vietnam amid escalating tariff uncertainties globally and tightening supplies from farmers, while activities were muted in Indonesia for Eid al-Fitr, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 132,500-133,600 dong ($5.1-$5.18) per kg.

- With 46%, Vietnam will face among the highest reciprocal rates under U.S. President Donald Trump's sweeping new levies. In comparison, Vietnam's rivals, Brazil and Indonesia, will face lower tariff rates of 10% and 32%, respectively.
"It is still unclear how much would be imposed on Vietnamese beans," said a trader based in the coffee belt. "Domestic prices may still increase in the next trading sessions."
Another trader from the same region said some were still buying to fulfil the May deliveries obligation.
In the first quarter of this year, Vietnam exported $2.8 billion worth of coffee, an increase of 45% against the same period last year, the Mercantile Exchange of Vietnam (MXV) said in a note, citing data from Vietnam Coffee and Cocoa Association. MXV said exporters should be cautious with holding beans for the long term.
"Current prices are still at their peak. The possibility of further increases cannot be ruled out," said Nguyen Ngoc Quynh, deputy head of the agency.

LIFFE robusta coffee for July closed at $5,400 per metric ton on Wednesday.

- Traders also offered 5% black and broken-grade 2 robusta at a discount of $150-$170 to the July LIFFE contract.

Apr 04 - Cocoa, coffee, sugar prices slide as markets remain rattled by tariffs (Reuters)

- World cocoa, coffee and sugar prices slid again on Friday as markets remained rattled by U.S. president Donald Trump's sweeping tariffs, especially after China retaliated with its own levies on U.S. imports.
Trump on Wednesday imposed a 10% tariff on most U.S. imports and much higher levies of more than 50% on some countries, prompting a world-wide sell-off in stock markets as nations from Canada to China ready retaliation.
"Following this 'liberation', many trade flows from the most affected producers will now enter a labyrinth in order to find demand in other countries," said Rabobank in a report that warned the new demand will come 'at an efficiency cost'.
The bank also said that as 'retaliation day' looms, U.S. consumers of coffee and chocolate should expect more expensive products as top cocoa producer Ivory Coast faces a 21% tariff while No. 2 coffee producer Vietnam faces a 'humbling' 46% levy.
London cocoa futures ​ ​settled down 313 pounds, or 4.7%, to 6,370 pounds per metric ton at ICE exchange, seen as a global price benchmark, while New York cocoa plunged 8.4% to $8,512 a ton.

Aside from consuming the most chocolate, the U.S. is also the world's top importer of processed cocoa products like butter from the European Union, Malaysia and Indonesia, which now face tariffs of 20%, 24% and 32%, respectively.

- Arabica coffee futures slid 5.1% to $3.657 per lb, while robusta coffee fell 4.8% at $5,128 a ton. Dealers said worries over demand are growing in coffee and that the Trump tariffs come at a time when roasters are already facing pushback in their bid to pass on near-record prices to retail stores in the world's largest coffee consuming nation.
"If applied, the new (46%) tariffs could spell the end of Vietnam coffee in the U.S. as it would create significant price gaps with competing robusta origins - a massive 36-percentage-point difference (~$1,944/ton) compared with Brazil," said a dealer.
In other soft commodities traded, raw sugar ​settled down 0.27 cent, or 1.4%, at 18.84 cents per lb, having closed down 2.5% on Thursday, while white sugar fell 1% at $538.30 a ton, having lost 1.6% in the prior session.

Apr 03 - Brazil center-south 2025/26 sugarcane crop down from previous year, Orplana says
Brazil's center-south sugarcane crop in 2025-2026 is forecast at 605 million to 618 million metric tons, Jose Nogueira, the chief executive of producers' group Orplana said on Wednesday. The forecast is lower than the standing cane produced in the 2024-2025 season, which was around 630 million to 640 million tons, he said. 

Apr 03 - Ghana's 2024/25 cocoa crop projected to grow 32%, USDA says
Cocoa production in Ghana, the world's second largest grower of the chocolate-making beans, is projected to grow 32% in the 2024/25 season (Oct-Sept) to 700,000 metric tons, according to a report by the United States Department of Agriculture. USDA said in the report released late on Tuesday that better crop care in the African country was the main reason for the production recovery.

Apr 03 - Import tax on coffee pressures US roasters already facing high prices (Reuters)
- The first U.S. tariffs on coffee imports since colonial times will increase costs and complexity to importers and roasters already dealing with near-record prices.
The U.S. announced on Wednesday tariffs of 46% on imports from Vietnam, the world's second largest coffee producer, as well as a 32% duty on imports from Indonesia, the fourth largest grower. Central and South American coffee growers, such as Brazil and Colombia, got a 10% tariff.

- Vietnam is the third largest supplier of coffee to the U.S., the world's largest consumer of the beverage. It mainly exports robusta coffee, a type widely used to make instant coffee as well as ready-to-drink cold beverages.
"Vietnam is the big one that sticks out," said Tomas Araujo, a broker at StoneX. "Going forward, it will be a challenge for the supply chain and to end users, with added costs," he said.
"This is big. The tariff on Vietnam means $2,500 more per ton" for a U.S. buyer, a European trader said. ICE robusta futures , the global price benchmark, were trading at around $5,390 per ton on Thursday.

It is uncertain if beans already en route to the U.S. are subject to the large tariff, he noted.
Countries exporting cocoa, the main chocolate-making ingredient, were also taxed. No. 1 grower Ivory Coast got a 21% tariff.
"Both the coffee industry and candy manufacturers will lobby hard to have the tariffs removed from these products," said soft commodities analyst Judith Ganes, president of J Ganes Consulting. "I personally doubt the tariffs will stick."
U.S. roasters will probably have to shift from Vietnam's robustas to Brazil's, known as conilons, experts said. But Brazil does not have a lot of robustas, as it produces mostly the milder arabica variety.
The U.S. will have to compete for the conilons with the local Brazilian industry, they said, while Europe and China might be better off having a larger supply from Vietnam at lower prices.

Apr 03 - SOFTS Coffee and cocoa fall as Trump tariffs spark demand worries (Reuters)
- World cocoa and coffee prices fell on Thursday as investors fretted that President Donald Trump's move to slap punishing tariffs on U.S. imports would damage chocolate and coffee demand in the world's top consumer of the products.

- Sugar prices also fell, caught in the melee of tariffs as the U.S. is also one of the world's top sugar importers.

- Trump said he would impose a 10% baseline tariff on all U.S. imports, taking the maximum to nearly 50% for some countries and unleashing turbulence across world markets as investors fret about the end of a decades-long era of trade liberalisation.
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- Top robusta growers Vietnam and Indonesia were targeted with 46% and 32% tariffs, respectively, top arabica and sugar grower Brazil was hit with 10% tariffs for its goods, while top cocoa growers Ivory Coast and Ghana face 21% and 10% tariffs.

- The first U.S. tariffs on coffee imports since colonial times will increase costs and complexity to importers and roasters already dealing with near-record prices, experts said on Thursday. The U.S. is also a major importer of processed cocoa products like butter and powder from the EU, Malaysia and Indonesia. Trump slapped 20% tariffs on EU imports and 24% on Malaysian goods, while the 32% tariffs on Indonesia of course apply to both robusta coffee and to cocoa products.
"We don't know the (full) impact right now (but) there are no winners, this is bad for everyone. For the U.S., its inflationary while others lose access to the U.S., a huge market," said a Europe-based coffee trader.
Arabica coffee futures on the ICE exchange, seen as a global price benchmark, settled down 3.6 cents, or 0.9%, at $3.8525 per lb​​, having earlier fallen nearly 3%, while robusta coffee futures slipped 0.2% at $5,388 a ton, having earlier fallen 2.5%.
London cocoa futures fell 1.4% to 6,683 pounds per ton, having earlier fallen nearly 5%, while New York cocoa gained 3.6% to $9,291 a ton, having earlier risen nearly 6%.
Dealers said New York cocoa was being boosted by weakness in the dollar as the harsher-than-expected Trump tariffs sent investors scrambling for bonds and gold.
A weak dollar makes dollar-priced cocoa cheaper for non-U.S. investors. Sterling for example gained versus the dollar, making sterling-priced London cocoa more expensive for investors outside Britain and prompting them to sell.
In other soft commodities traded, raw sugar ​​settled down 0.48 cents, or 2.5%, at 19.11 cents per lb​, while white sugar sank 1.6% at $543.80 a ton.

Apr 1st - Brazil's Eike Batista eyes new $500 million Gulf investment in 'supercane' project
Brazilian businessman Eike Batista, once the country's richest man, said a Gulf investor will soon announce a $500 million investment in his new project using modified sugarcane to ramp up production of sustainable fuels. The project, which had already secured $500 million from Sao Paulo-based private development bank Brazilinvest, aims to close another investment of that size this week from a strategic investor in the United Arab Emirates, Batista told Reuters.

Mar 27 - Farmers hold off selling in Vietnam, tight supplies in Indonesia (Reuters)

Supply of robusta beans tightened in Vietnam and Indonesia, with Vietnamese farmers refraining from selling the bean on hopes of higher profit, and scarce supplies in Indonesia at the end of the harvest season, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 133,700-135,000 dong ($5.23-$5.28), up from last week's 131,000-133,000 dong.
"Vietnam remains the only source of robusta at the moment so farmers who are not short of cash tend to hold the beans for higher prices," a trader based in the coffee belt said, adding it was extremely hard to buy now.
"It is dry season now. But water resource for irrigation is still sufficient at this point," the trader added.

According to Nguyen Ngoc Quynh, deputy head of the Mercantile Exchange of Vietnam, Brazil's robusta beans output potentially would not meet expectations.
"There is around one week left until the harvest of Brazil's Robusta Conilon coffee, however, the weather forecast is not so favourable. Therefore, domestic coffee price will remain high, at 135,000 dong per kg," Quynh said.

LIFFE robusta coffee for July RC2! closed at $5,443 per metric ton on Wednesday.

- Traders also offered 5% black and broken-grade 2 robusta at a discount of $200 to the July LIFFE contract.

- In Indonesia, Sumatra robusta beans to the April contract were offered at $70-$80 discount, compared with the $100-$110 discount last week, one trader said, due to tight supply.
Another trader quoted a $80 discount to the May contract, narrowing from $100 discount a week ago.
The Indonesian market will be closed for Eid al-Fitr next week.

Mar 20 - Domestic prices rise in Vietnam, supplies scarce in Indonesia (Reuters)

Coffee prices edged up in Vietnam following a rise in London terminal, while Indonesian prices flipped back to discounts due to limited supplies, traders said on Thursday.
Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 133,700-135,000 dong ($5.23-$5.28), up from last week's 131,000-133,000 dong.
"Some farmers already released beans at this price to cap the gain. However, some who are not short on cash chose to keep the beans for better profit," said a trader based in the coffee belt.
"But the remaining beans in farmers' stock are not many," he added.

Another trader said supplies would stay that tight until harvest in Indonesia.
"Firms are struggling to buy at the moment. Last year, many could buy from Brazil to compensate for the shortage but this year, supplies there are tight as well," the second person said.

LIFFE robusta coffee for May RC2! closed at $5,527 per metric ton on Wednesday.

Sumatra robusta coffee beans were offered at a $100-110 discount to the April contract this week, a decrease from $80 premium a week ago, "as beans are still scarce," a trader said.
Another trader said that beans were offered at $100 discount this week, also citing scarcity of beans.

Mar 19 - Ivory Coast's mid-crop cocoa output expected to drop around 40% due to long drought, exporters say
Ivory Coast's cocoa mid-crop output is expected to drop around 40% this season after an unusually long dry season and limited, patchy rainfall hit crops in the main production regions, exporters and pod counters said. Farmers have said rains were scattered and irregular in the West African country and proper downpours were needed to boost production and ensure bean quality during the mid-crop season, which begins April 1 and ends on September 30.

Mar 17 - US coffee industry asks Trump administration to exempt product from tariffs
The United States' National Coffee Association asked the Trump administration to exempt the product from any tariffs, saying the already adopted additional duties on Canada and Mexico could increase U.S. prices up to 50%.

Mar 14 - Brazil coffee exports fall in February on less competitive prices
Brazil's green coffee export volume fell 11.7% in February from a year earlier, industry group Cecafe said on Thursday, attributing the decline mainly to less competitive prices when compared to other producers such as Vietnam. Brazil, the world's top coffee producer and exporter, registered exports at 3 million 60-kg bags of green coffee last month, Cecafe said, with shipments of both arabica and robusta varieties falling in the period.

Mar 13 - Lacklustre trading in Vietnam, Indonesia flips to premiumFarmers in Vietnam held off from selling this week despite healthy demand, while in Indonesia prices flipped into premium on scarce supplies, traders said on Thursday.Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 131,000-133,000 dong ($5.14-$5.22), compared with last week's 133,000-134,000 dong."It is very hard to buy now. Farmers are not selling. At the same time, alternative sources of beans from Brazil are thin," said a trader based in the coffee belt, adding it was still months until Indonesian harvest."Farmers may still have 30% to 40% of their stock left. They are hoping for higher price."LIFFE robusta coffee for May RC2! closed at $5,508 per metric ton on Wednesday.Traders also offered 5% black and broken-grade 2 robusta at a discount of $150-$200 to the May LIFFE contract.U.S.-based broker Marex estimated last week the crop in Vietnam, the second largest global coffee producer, increasing 2.2 million bags to 29.8 million bags.In Indonesia, Sumatran robusta coffee beans were offered at a $80 premium this week, an increase from $180 discount a week ago to the April contract, "as beans are scarce," one trader based in the region said.

Mar 10 - Coffee theft surges in the US as prices for the beans soar (Reuters)

- Theft of truck loads of green coffee beans is surging in the United States, the world's largest importer of the commodity, as prices for the beans increased to all-time highs in the last year, according to transportation companies. The issue was discussed by market participants over the weekend in Houston, where the U.S. National Coffee Association held its annual conference.

The U.S. is the world's largest consumer of the beverage. Since coffee is only produced in warmer geographies, it has to import nearly 100% of what it uses and transport millions of bags from ports to roasting plants, mostly via trucks.
"There were dozens of thefts in the last year, something that would happen only rarely in the past," said Todd Costley, logistic sales coordinator for Hartley Transportation, a freight broker in Pembroke, New Hampshire.
Theft of coffee has been reported in producing countries such as Brazil and Vietnam, usually in farms where the beans are temporarily stored after the harvest. Those sites are more vulnerable because they are isolated. Armed men took 500 bags of coffee worth around $230,000 from a farm in Brazil's Minas Gerais state in January, according to the local police.

In the U.S., the thefts have been done by organized gangs who disguise as transportation companies. Costley said those fake companies are in the market trying to get small contracts from importers by offering better prices or immediate availability of trucks.
"Importers should be careful about who they hire," he said. "Once they get the coffee, they disappear."
Each truck load has about 44,000 pounds (19,958 kg) of green beans, which at current market value is worth around $180,000.
Some market participants believe the gangs then try to sell the beans to smaller roasters, which are feeling the pain from sky-high prices.
Some importers have started attaching tracking devices to the coffee bags, in an effort to protect their shipments.

Mar 05 - European sugar industry looking for direction amid increasing uncertainty

Volatility would seem to be a strong contender for word of the year in 2025, not only in geo-political terms but also in regard to some of the changes taking place in the European sugar industry, as Julian Price explains in his latest EU & UK Sugar Report.
 
Sugar prices across Europe have been affected by the recent drop in world prices, but are there signs of recovery? Are changes to European stocks, imports and exports providing a signal for this or just more noise?
 
While the 2024/25 sugarbeet harvest has been better than expected in some quarters, it was still underwhelming by recent historical standards. But with inconsistent weather patterns across the continent how might next season’s crop fare?
 
And changes to the industrial landscape have seen some sugar factories shut up shop, with rumours of more to come. But with some beet processors reportedly wanting a reduction in the area planted to beet this Spring, how might a change to the regulatory regime affect the outlook?

Mar 04 - Brazil's coffee stockpiles dwindle as prices hit record highs
In a Brazilian coffee warehouse usually stuffed with a quarter of a million bags of the aromatic bean, voices echo in the largely empty space at a large producers' cooperative. Reeling from one of the worst droughts on record, Brazil's coffee farmers have sold almost all their beans months before the new crop as global prices have nearly doubled to all-time highs in the past 14 months.

- Consumers waking up to smell the coffee were jolted last year as Starbucks hiked the price of a large cup of fresh brew about 16% to as much as $3.85. Nespresso coffee-pod subscribers will soon pay up to $1.45 per basic pod, up from $1.30.

- Prices for arabica, the most popular bean, used in most ground roasted coffee, soared 70% in 2024 and nearly 20% this year to an all-time high above $4.30 per pound on February 11. Robusta , the second-most popular bean, often used in instant coffee, surged 72% in 2024 and peaked at $5,847 per metric ton on February 12.
Yet caffeine connoisseurs cannot kick the habit. They may again drink more coffee than is produced globally in 2025 - for the fourth time in the past six years.
- Farmers in Brazil, the world's largest coffee grower, raided their stockpiles to cash in with record exports in 2024. But exports by Vietnam fell 17.2% from 2023 as the top robusta supplier battled bad weather last year.
"We never had such low stocks in February, a period that is still distant from the new crop," said Willian Cesar Freiria, sales manager at Cocapec, Brazil's third largest coffee co-op, in the town of Franca in Sao Paulo state. Cocapec received 1.1 million bags from associated farmers in 2024, down from 1.5 million bags in 2023, due to smaller production in the region, after another year of below-average rains.
"Until the start of the next harvest we won't have much coffee to sell," said Freiria. "And it is not only us; it is the same everywhere."
Supplies only seem larger at Cooxupe, the world's largest coffee co-op, in Brazil's top-producing state of Minas Gerais.
"You see a lot of coffee in the warehouses, but nearly all is coffee already sold to final clients. They are only here waiting to be shipped," said Andre Silva Pinto, Cooxupe's storage coordinator.
Coffee farmers have already sold 90% of the 2024 crop, added Luiz Fernando dos Reis, sales superintendent for Cooxupe. "What they have left is the lowest amount we ever saw in our records."
- Big one-ton bags of arabica are taking around 70% of the space at Cooxupe's Japy storage complex, while half of the other 45 bulk silos are filled. The complex can hold 2.6 million 60-kg bags, the equivalent of one month's consumption in the United States, the world's largest coffee drinking nation.

SOLD OUT
- Cooxupe's estimate of farmers' sales is in line with recent data showing historically low inventory levels. Consultancy Safras & Mercado estimated farmers have sold 88% of the 2024 crop. Broker Pine Agronegocios said only 8% remained.
- Silva Pinto said the Japy complex will be 80% empty by May, as most coffee would have been shipped and the co-op prepares to receive the new harvest which starts around May or June. The co-op does not expect new-crop coffee to be ready for shipping before July.
Osmar Junior, a Cooxupe member who grows arabica in Piumhi municipality in southern Minas Gerais, said neither he nor his neighbors have any coffee left to sell. He will only start to harvest the new crop around late May.
- Paulo Armelin, who farms near Patrocinio in the Cerrado Mineiro region, is an exception, keeping 40% of his 2024 crop as a precaution.
"I will have a smaller production this year, so I decided to hold on to some coffee from last year as a reserve in case of need," he said. Armelin, who sells high-quality beans directly to four U.S. clients, is negotiating with a San Francisco-based roaster. He is waiting for an answer after asking for $4.50 a pound, up from $3.05 last year.
"It is very good coffee and I'm actually cutting the premium I used to have over the futures," he said, referring to contracts to sell at a predetermined price on a future date.
- Luis Norberto Pascoal, owner of Daterra Coffees, a large, high-quality arabica grower, is happy that smaller farmers are making more profits, but doubts current prices can be sustained.
Many roasters will lack the means to buy beans and look for ways to cut costs, he said. "Quality is going to go down."

Feb 28 - ASIA COFFEE-Domestic prices edge lower in Vietnam, discounts narrow in Indonesia (Reuters)

- Coffee prices in Vietnam edged slightly lower this week on global cues and dull trading activities, while discounts in Indonesia narrowed, traders said on Thursday (Feb 27).
Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 130,500 dong (US$5.11) per kg, down from last week.

LIFFE robusta coffee for May settled at US$5,410 per metric tone as of Wednesday's close.
"London prices have fallen a lot since the beginning of this week," said a trader based in the coffee belt.
"Some exporters have already fulfilled their contracts so demand has become slightly softer. At the same time, farmers are still hoping that prices would further increase so they are not releasing beans in bulk."

- In Vietnam, traders also offered five per cent black and broken-grade 2 robusta at a discount of US$220-280 to the May LIFFE contract.

- In Indonesia, Sumatra robusta coffee beans were offered at a US$70 discount this week to the April contract, compared with a US$310 discount a week ago, a trader said.
To the May contract, the coffee beans were quoted at a $30 discount, compared with a $380-$400 discount last week, another trader said.

Feb 20 - ASIA COFFEE-Vietnam supplies decline, Indonesia prices 'unpredictable'

- Robusta supplies in Vietnam dwindled this week after robust sales in the past two weeks, as farmers were reluctant to sell in anticipation of higher prices, while prices were "unpredictable" in Indonesia, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 132,200-133,500 dong ($5.18-$5.23), flat from last week's 132,000-133,000 dong.

LIFFE robusta coffee for May settled up $25 at $5,746 per metric ton as of Wednesday's close.
"Farmers are reluctant to sell, again. Some are expecting the prices to climb to 140,000-150,000 dong per kg," said a trader based in the coffee belt.
"But Indonesia harvest season is coming soon, given the remaining beans from current crop are still abundant, farmers will eventually have to increase sales."
Another trader from the same region said the weather was still favourable and not too dry for the trees.
A Reuters poll released last week forecast that output of the next crop would reach 29 million 60-kg bags, up from 28 million in 2024/25.

- Traders also offered 5% black and broken-grade 2 robusta at a discount of $480-$500 to the May LIFFE contract.

- In Indonesia, Sumatra robusta coffee beans to the March and April contract were offered at $310-$400 discount this week, compared to $350-$370 discount range a week ago.
"Prices are quite unpredictable, as we heard the coming yields from Brazil and Vietnam are decreasing," a trader said.
Another trader said beans were quoted $380-$400 discount to the May contract, compared to a $350 discount last week.

Feb 14 - Brazil says US ethanol tariff would be unreasonable, calls for sugar talks
Brazil's Energy and Mining Minister Alexandre Silveira said on Thursday that a potential U.S. tariff on Brazilian ethanol would be unreasonable, emphasizing that the two countries have historically negotiated ethanol and sugar trade together. His remarks came after U.S. President Donald Trump moved to scrap decades-old low tariff rates, raising them to match those of other countries. A White House fact sheet on the plan pointed to Brazil's ethanol tariffs as an example of unfair trade practices.

Feb 14 - Robusta coffee hits fresh record peak, white sugar at 2-month top (Reuters)
- Robusta coffee futures traded on the ICE exchange hit a fresh record peak for the second consecutive day on Thursday, belatedly catching up with this year's blistering rally in arabica coffee, while white sugar hit a new two-month top.

COFFEE

* Robusta coffee RC2! hit $5,849 a metric ton earlier, its highest since the contract started trading in 2008, but retreated to trade down 0.6% by 1452 GMT at $5,784.
* Arabica coffee KC2! fell 0.3% to $4.1905 per lb. The contract climbed to an all-time high of $4.2995/lb for a 14th successive session on Tuesday, before retreating sharply.
* Robusta prices are seen ending 2025 at $4,200 a metric ton, down 28% versus Wednesday's close, with improved supplies seen in top producers Brazil and Vietnam, a Reuters poll showed. Arabica futures are expected to end the year down by around 30%.
* Nestle NESN said on Tuesday it will have to hike coffee prices more than previously expected this year, even as it pledged to only pass on a portion of its soaring raw coffee costs onto shoppers.
* Cash-strapped consumers have been pushing back against price hikes. Nestle's competitors slowed price increases last year in a move to woo back shoppers but Nestle did not ease as quickly, resulting in weak sales volumes that led to the August ouster of its former CEO.
* Citi said in a report this week that coffee prices have likely peaked as demand starts to curtail in response to high prices and supplies replenish, leaving the market with a small surplus in 2025/26.

SUGAR

* Raw sugar futures SB1! rose 1.6% to 20.07 cents per lb, while white sugar SF1! rose 0.3% to $547 a ton, after hitting its highest since early December at $554.
* Underpinning prices was news that Indonesia plans to import around 200,000 metric tons of raw sugar to top up its food reserve as white sugar prices have climbed in the domestic market, the National Food Agency said.
* Against that, sugar production in Thailand, the world's second largest exporter, is set to climb further in the 2025/26 season, potentially to the highest in seven years, trade and industry sources said.

COCOA

* New York cocoa futures CC2! rose 3.1% to $10,441 a ton, having ​settled down 1.7% on Wednesday, while London cocoa C2! rose 1.8% to 8,242 pounds per ton.
* Cocoa is being underpinned by concerns about dry weather in top grower Ivory Coast, although stocks held in ICE warehouses in the U.S. have recovered of late, helping keep prices range-bound overall.

Feb 14 - Brazil says US ethanol tariff would be unreasonable, calls for sugar talks
Brazil's Energy and Mining Minister Alexandre Silveira said on Thursday that a potential U.S. tariff on Brazilian ethanol would be unreasonable, emphasizing that the two countries have historically negotiated ethanol and sugar trade together. His remarks came after U.S. President Donald Trump moved to scrap decades-old low tariff rates, raising them to match those of other countries. A White House fact sheet on the plan pointed to Brazil's ethanol tariffs as an example of unfair trade practices.

Feb 13 - Arabica coffee prices seen falling 30% by end-2025 (Reuters)

    Arabica and robusta prices seen posting annual losses
    Brazil 2025/26 coffee crop seen down 2.7% at 64.6 million bags
    Vietnam 2025/26 coffee crop seen up 3.6% at 29 million bags

- Arabica coffee futures are expected to fall by around 30% by the end of 2025, with recent record high prices expected to curb demand and early signs pointing to a bumper Brazilian crop next year, a Reuters poll showed on Thursday.
The poll had a median forecast for arabica prices at the end of 2025 of $2.95 per pound, a drop of 30% from Wednesday's close and a loss of 6% from end-2024.
"Demand will stagnate in response to very high prices," one participant in the poll of 12 traders and analysts said.

The rise in prices has been fuelled by the prospect of a smaller arabica crop in top grower Brazil in the upcoming 2025/26 season.
The median forecast for Brazil's 2025/26 arabica coffee crop in the poll was 40.55 million bags, down from the prior season's 43.4 million.
Several participants, however, pointed to the potential for a larger crop in the 2026/27 season.
"If we can get through the frost/rain period without damage, there should be a massive 26/27 Brazil crop on the horizon," another participant said.

Arabica coffee prices were among the strongest performing commodity markets in 2024, rising by about 70%, and have continued to climb this year hitting a record high of $4.2995 on February 11.

Brazil's total crop was seen falling to 64.6 million bags from 66.4 million in 2024/25 with a rise in robusta (conillon) production partly offseting the fall in arabica output.
Prices for robusta coffee were seen ending 2025 at $4,200 a metric ton, down 28% from Wednesday's close, to post an annual loss of 14%.
Brazil's robusta crop was seen rising in 2025/26 to 24.5 million bags, up from 21 million in the previous season.
While President Trump's tariff talk dominated most of the week's headlines, investors on Friday focused on retail sales figures for January, which took an unexpected nosedive after four strong months.

A larger harvest was also forecast in top robusta producer Vietnam of 29 million bags, up from 28 million in 2024/25.
"If weather conditions remain favourable (in Vietnam), we expect production to recover given the investments made by farmers in recent years," one participant said.

Feb 11 - Dry season in Ivory Coast triggers cocoa shortage fears, farmers sayA lack of rain in most of Ivory Coast's cocoa-growing regions could delay the start of the April-to-September mid-crop, potentially leading to a shortage of beans, the main ingredient in chocolate, farmers said on Monday. The world's top cocoa producer is in the dry season that runs from mid-November to March when rains are scarce and poor, and farmers say it is very hot compared to last year.

Feb 07 - Asia coffee: Vietnam market upbeat post holidays (Reuters)

Vietnam’s domestic coffee market was upbeat this week, boosted by higher supply and demand after a week-long holiday, while discounts widened in Indonesia on higher London prices, traders said on Thursday.

Markets in Vietnam and Indonesia were closed last week for the Lunar New Year holidays. Farmers in the Central Highlands, Vietnam’s largest coffee-growing region, sold beans at 129,500-130,500 dong ($5.14-$5.18) per kg. The prices were at 121,500-122,500 dong before the holidays.

LIFFE robusta coffee for March settled up $98 at $5,646 per metric ton, as of Wednesday’s close. “The market is upbeat as farmers have started to sell as they fear prices would drop,” a trader based in the coffee belt said, adding demand was also healthy.

- Vietnam's domestic coffee market was upbeat this week, boosted by higher supply and demand after a week-long holiday, while discounts widened in Indonesia on higher London prices, traders said on Thursday.

Markets in Vietnam and Indonesia were closed last week for the Lunar New Year holidays.

Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 129,500-130,500 dong per kg. The prices were at 121,500-122,500 dong before the holidays.

LIFFE robusta coffee for March settled up $98 at $5,646 per metric ton, as of Wednesday's close.

"The market is upbeat as farmers have started to sell as they fear prices would drop," a trader based in the coffee belt said, adding demand was also healthy.

According to the Mercantile Exchange of Vietnam, although supplies built up post holidays, supply was limited compared to market demand.

"Any changes in President Trump's tariff policies on imports from South America will have a strong impact on global coffee prices, including Vietnam," Nguyen Ngoc Quynh, deputy head of the agency, said.

"If it happens, it is likely that green beans prices will set a new record next week."

Traders also offered 5% black and broken-grade 2 robusta at a discount of $250 to the May LIFFE contract.

In Indonesia's Lampung province, discounts to March-April contracts widened to $420 this week from discounts of $240-$250 to the March contract two weeks ago due to high benchmark prices in London.

Another trader offered a $400 discount to the May contract this week, versus a $240 discount for the same contract two weeks earlier.

Jan 30 - Coffee's record highs continue as it approaches $4 per lb (Reuters)
- The relentless coffee price rally continued on Thursday as arabica futures on the ICE exchange hit a new record approaching $4 per lb on extremely tight supplies and fears over the outlook for the coming crop. Arabica coffee futures in New York , used as a benchmark to price deals around the world, hit an all-time high of $3.7685 per lb earlier in the day, up more than 15% already this year. They closed up 1.9% at $3.734 per lb.

- Dealers said exchange data shows that top roasters such as Nestle and JDE Peet's are under-bought and still have much buying to do while speculators remain bullish on coffee.

- Supplies remain extremely tight in Brazil after severe drought last year dented forecasts for the coming crop. Brazil produces nearly half the world's arabica.
"The real story is that supply has fallen much faster than demand. It really is that simple," said Trishul Mandana, managing director for Volcafe, one of the world's largest coffee traders.
"The tightness in Brazil and the current differentials are telling us the real story of the 24/25 crop - and which will no doubt quickly lead to the disappearance of certs (arabica-certified stocks at ICE). And things could get messy rather quickly," Mandana added.
Certified arabica stocks started to diminish quickly in recent days, falling nearly 100,000 bags to around 900,000 bags.
There has been some hope that the situation in Brazil for the new crop might not be as bad as previously feared, thanks to rains over the past few months, but dealers said the latest weather forecasts have made people nervous again.

"Below-average rainfall in some (Brazilian) regions has once again fuelled fears," trader Icona Cafe said in a report, citing forecasts for longer periods of dry weather and rising temperatures in key coffee regions over the next few weeks.

- Supplies are also tight in robusta coffee, which is to some extent fungible with arabica even though it is used generally to make instant coffee rather than roast and ground blends.
Robusta coffee rose 2.2% at $5,734 a ton a metric ton, just shy of an all-time high for the contract.
Farmers in Vietnam, the world's top robusta producer, are holding back sales in anticipation of further price gains while a sharp slowdown in trade and shipping is expected at the end of January because of Lunar New Year celebrations.

- In other soft commodities, New York cocoa futures ​fell 4.6% to $11,207 a ton while London cocoa lost 3.5% to 8,817 pounds per ton.
Raw sugar was little changed at 19.47 cents per lb, while white sugar was stable at $522.70 a ton.

Jan 29 - Brazil's coffee production to fall 4.4% in 2025, Conab says
Brazil's 2025 coffee output is expected to total 51.8 million 60-kg bags, national food supply agency Conab said on Tuesday, a 4.4% drop compared to the previous year as adverse weather conditions affected yields. Conab's first estimate for this year's crop comes as global coffee prices hit record highs amid concerns about supplies from Brazil, where farmers remain reluctant to sell given doubts over the upcoming crop and hopes for still higher prices.

Jan 29 - Coffee prices surge to record highs above $3.60 per lb (Reuters)
- Global arabica coffee prices hit record highs above $3.60 per lb on Wednesday as Brazil, by far the world's largest producer, has few beans left to sell and as worries over its upcoming harvest persist. Dealers said 70%-80% of Brazil's current arabica harvest has been sold and new trades are slow. Brazil produces nearly half the world's arabica beans, a high-end variety typically used in roast and ground blends.

- The country's recent weather has been more favorable after a severe drought last year. Still, the upcoming crop will be 4.4% smaller than the previous, according to Brazilian food supply agency Conab.
"Global coffee supplies remain limited. Vietnam is progressing slowly with sales of its robusta crop. The arabica harvested in Central America and Colombia is taking longer to get to the market, and Brazilian farmers don't show much interest in selling more," said broker HedgePoint Global Markets on Wednesday.

- Arabica coffee futures on the ICE exchange , a contract used globally to price physical coffee trades, hit a record high of $3.6945 per lb earlier, bringing gains for the year up nearly 15%. The contract later closed up 2.5% at $3.6655 per lb.

- Robusta coffee , a generally cheaper variety used mostly to make instant coffee, rose 0.9% at $5,609 a metric ton. Coffee exports from India, the world's fifth largest robusta producer, are expected to decline more than 10% in 2025 due to lower production and reduced carry-forward stocks from last season's crop. Dealers said farmers in both India and Vietnam, the world's top robusta producer, are holding back sales in anticipation of further price gains and that in Brazil, some 80-90% of the current harvest has been sold.

- Broker Sucden said in a report that Brazilian farmers are also prioritizing local sales over dollar-priced exports even though the latter fetch more money as their financial position has improved significantly over the past two years. It added the country's current buffer stocks have eroded to an estimated 500,000 bags versus some 8 million bags traditionally, meaning any additional weather disruptions could have an outsized impact on global coffee prices.
Sucden sees the global coffee market recording a fourth successive deficit this season.

- In other soft commodities traded, raw sugar ​​rose 1.1% at 19.45 cents per lb, rebounding strongly from last week's five-month low, while white sugar gained 2.2% at $522.90 a ton.
New York cocoa futures ​rose 3.3% to $11,745 a ton, while London cocoa gained 1.6% to 9,138 pounds per ton.

Jan 24 - Coffee prices hit record highs amid Brazil supply concerns
Coffee futures on the Intercontinental Exchange rose to record high prices on Thursday, supported by strong demand and concerns about supplies from Brazil, the world's largest producer and exporter. Front-month arabica coffee on ICE, the global benchmark for coffee prices, rose more than 2% in early trading to hit an all-time high of $3.489 per lb. It settled up 0.6% at $3.4395 per lb. 

Jan 23 - Vietnam prices rise despite slow trade ahead of holiday (Reuters)

Vietnam coffee prices inched up this week in line with a surge in London prices, although traders said that local trade was tepid ahead of the week-long Lunar New Year break.
Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 121,500-122,500 dong ($4.85-$4.89), compared to 115,600-116,300 dong last week.

LIFFE robusta coffee for March RC2! settled up $189 at $5,452 per metric ton, as of Wednesday's close.
"The surge in London was due to tight supplies both from Vietnam and Brazil," a trader based in the coffee belt said.
"Although Vietnamese farmers are selling, the amount is not much. They already cashed in from durian and other fruit trees for the holiday," he added.

Another trader said that trade was tepid ahead of the Lunar New Year, which spans from Jan. 25 to Feb. 2. The Mercantile Exchange of Vietnam estimated that output this crop season was lower than the previous one but not as much as previously estimated.

In Indonesia, Sumatra robusta coffee beans offered at a $240-$250 discount for March contract, compared with last week's $50 discount, due to the price rally in the London terminal, traders said.

Jan 21 - Ghana delayed delivery of 370,000 t of cocoa in the 2023/24 season, official says
Ghana has delayed the delivery of 370,000 metric tons of cocoa in the 2023/24 season due to poor output, its food and agribusiness minister-designate told a parliamentary committee Monday, up from the 350,000 tons previously reported by Reuters. The unprecedented move to delay delivery from the previous 2023/24 season to the ongoing season follows a sharp drop in production to a two-decade low, Eric Opoku said during his vetting process in parliament

Jan 20 - Sugar prices hit three-year lows as India allows exports (Reuters)

- Sugar prices hit their lowest in more than three years on Monday on news that India, the world's second largest producer of the sweetener, will allow 1 million metric tons of sugar exports in the current season that runs to end-September. Reuters reported on Sunday that New Delhi was set to allow the exports to support sugar mills and prop up local prices, which have come under pressure in recent months.

- Although there had been speculation for weeks that exports would be allowed, the decision surprised some traders as this season's production is expected to fall below consumption for the first time in eight years.
"The news is likely to keep pressure on global prices," said ING's head of commodities strategy Warren Patterson.
- White sugar futures on the ICE exchange , used as a global benchmark, hit $470.20 a ton earlier, their lowest since September 2021.
They later settled down 0.9% at $474.30, bringing losses for the year to more than 5%.

- Raw sugar futures did not trade due to a U.S. holiday, but closed down 1% at 18.22 cents per lb on Friday.
India's production could fall to around 27 million tons from 32 million tons last year and below annual consumption of more than 29 million tons, according to leading trade houses in the country. New Delhi did not allow exports in the previous season.

A Europe-based sugar industry analyst told Reuters he too expected India to produce around 27 million tons this season, but that one leading trade house had promoted the view output would be significantly higher. India's sugar mills expect next season's production to recover.

Sugar prices have also come under pressure on concern that Thailand may have more of the commodity to sell because of a halt to syrup exports to China.
Chinese authorities have asked Thailand to inspect dozens of factories before opening negotiations to lift a ban imposed last month on sugar syrup and premixed powder exports from the Southeast Asia nation.

Jan 07 - Coffee prices edge higher while sugar also gains
Coffee futures on ICE closed up on Tuesday in a market supported by a slowdown in shipments from major Asian producers, while sugar prices posted modest gains.

COFFEE

* Robusta coffee RC2! settled up $35, or 0.7%, at $5,019 a metric ton.
* "Prolonged shipping times to European destinations continue to put strain on global supply chains: coffee spends more time in transit since traffic in the Suez Canal remains extremely restricted," the International Coffee Organization said in a monthly report.
"Consequently, shipments of coffee between coffee-producing countries in Asia and consumer markets in Europe have become slower and more expensive," the report added.
* Vietnam exported 1.34 million metric tons of coffee in 2024, down 17.2% from the previous year.
* Arabica coffee futures on ICE KC2! rose 0.6% at $3.205 per lb.

SUGAR

* Raw sugar SB1! ​settled up 0.12 cent, or 0.6%, at 19.45 cents per lb.
* Dealers said the market had stabilised after falling sharply during the fourth quarter of 2024, though the scope for a significant recovery in prices appeared limited as rains improved the outlook for Brazil's cane crop.
* "We have seen an adjustment in ideas on the future Brazilian crop recently because of the rain, but low stocks still leave the market vulnerable for a price spike if weather were to disrupt Indian, Thai, or particularly Brazilian production going forward," said McDougall Global View Sugar Report.
* March white sugar SF1! was little changed at $507.60 a ton.

COCOA

* New York cocoa futures on ICE CC1! settled down $167, or 1.5%, to $11,210 a ton.
* Dealers said index funds would start rebalancing their portfolios this week and are likely to sell commodities that performed strongly in 2024, such as cocoa.
* The strong performance increased their weighting in indices and the selling is designed to restore balance to previous levels.
* London cocoa C1! fell 0.2% to 9,009 pounds per ton.
* Cocoa purchases in Ghana fell in December owing to election-related payment delays from the state marketing board and squeezed exporter financing, farmers and buyers told Reuters, voicing concern that delays could increase smuggling.

Jan 07 - Ivory Coast weather mixed for cocoa mid-crop farmers
Variable rainfall last week across Ivory Coast's main cocoa regions has contributed to a mixed outlook for the development of the April-to-September mid-crop as the main crop tails off, farmers said on Monday. In the western region of Soubre, where rains were well above average, farmers said the moisture would help cocoa trees flower from February, boosting hopes of a sustained and abundant mid-crop.

Jan 03 - About 50,000 tons of Ivorian cocoa smuggled to Guinea in Oct-Dec
A farmer holds an opened cocoa pod at a farm in Sinfra, Ivory Coast April 29, 2023.
Cocoa smuggling from Ivory Coast to Guinea is taking on worrying proportions, exporters told Reuters, estimating that some 50,000 metric tons - worth about $573 million at current global prices - were illegally transported between October and December. Ivorian cocoa smuggled across the border was worth 5,000 CFA francs ($7.95) per kilogram, while Ivory Coast's fixed price paid to cocoa farmers was set at 1,800 CFA francs per kg in September.

Jan 03 - Asia Coffee: Trading stays subdued in Vietnam, Indonesia due to holidays
Coffee trading in Vietnam and Indonesia remained subdued due to year-end holidays, with traders saying unusual rains in Vietnam’s coffee-growing area delaying harvest peak.

Farmers in the Central Highlands, Vietnam’s largest coffee-growing region, sold beans for 118,700-119,500 dong ($4.66-$4.69) per kg, down from last week’s 122,500 dong. “The continuous rainy weather also affects beans quality as they cannot be dried and stored properly,” said a trader based in the coffee belt, adding that some 20% of the beans remained un-picked.

Robusta coffee settled down $46, or 1%, at $4,875 per metric ton on Tuesday, ahead of the holidays. “Vietnamese farmers tend to sell more beans ahead of the Lunar New Year holiday. This year, although the financial pressure is not as high as in previous years, the export volume is expected to improve in the first half of January,” said Nguyen Ngoc Quynh, deputy head of the Mercantile Exchange of Vietnam.

Indonesian markets were closed on Thursday. Sumatra robusta coffee bean exports rose 76.51% in November from a year earlier to 22,880.91 metric tons, local trade office data showed.

Jan 02 - Robusta coffee prices rise on Vietnam harvest delays (Reuters)

COFFEE

- Robusta coffee futures on ICE rose on Thursday as rains continued to delay the Vietnam harvest and heighten quality concerns.
- Robusta coffee gained 1.7% to $4,957 a metric ton by 1200 GMT, driven by the rain-hampered harvest in top producer Vietnam.
- "The continuous rainy weather also affects bean quality as they cannot be dried and stored properly," said a trader based in Vietnam's coffee belt, adding that 20% of beans remained unpicked.
- Arabica coffee futures on ICE rose 1.35% to $3.1910 per lb.

COCOA

- New York cocoa futures on ICE fell 0.4% to $11,631 a ton.
- Cocoa was the strongest-performing commodity in 2024, with the New York contract posting an annual gain of 178% and setting a record high of $12,931 a ton last month.
- Dealers said the market continued to be underpinned by concerns that dry weather in West Africa could lead to a fourth consecutive global deficit in the current 2024/25 season.
- No rain fell last week in most of Ivory Coast's main cocoa regions and farmers said on Monday that the dry weather could damage bean quality and tighten supply from February.
- London cocoa rose 0.25% to 9,166 pounds a ton.

SUGAR

- Raw sugar was up 0.5% at 19.35 cents per lb, edging away from the previous session's three-month low of 19.04 cents.
- Dealers said that recent weakness in Brazil's real currency remained a bearish factor. A weak real tempts exporters in Brazil to sell dollar-priced sugar because it raises returns in local currency terms.
- March white sugar rose 0.6% to $510.20 a ton.
- Indian mills have produced 9.54 million tons of sugar since the season began on Oct. 1, down 15.5% year on year, a leading industry body said on Thursday, with cane yields down in the three biggest producing states.