El Niño Fears Push Coffee Prices Higher

July arabica coffee rose 4.85 cents (+1.81%) and July ICE robusta gained $64 (+1.92%) as traders covered shorts on concerns that an El Niño weather pattern could damage Brazil’s coffee crop next year. The move is driven by weather-risk speculation rather than a fundamental supply update, but it underscores firmer sentiment across coffee futures.

Analysis

July arabica coffee rose 4.85 cents (+1.81%) and July ICE robusta gained $64 (+1.92%) as traders covered shorts on concerns that an El Niño weather pattern could damage Brazil’s coffee crop next year. The move is driven by weather-risk speculation rather than a fundamental supply update, but it underscores firmer sentiment across coffee futures.