International Coffee Futures Fall for Second Straight Day
London robusta and New York arabica coffee futures continued to fall on November 10. Traders said Vietnam’s coffee harvest was progressing smoothly, while rising Brazilian exports and coffee arrivals at exchange warehouses drew attention to future supplies.
On November 10, robusta coffee futures for January 2027 delivery in London fell 0.52% to $3,250 per tonne; the March 2027 contract fell 0.53% to $3,221 per tonne. The January contract was near the low of $3,140 per tonne reached last week.
Robusta coffee futures prices in London on November 10.（VietVance）
In New York, arabica coffee futures for December 2026 delivery fell 0.8% to 271.4 US cents per pound; the March and May 2027 contracts fell to 265.9 and 261.6 US cents per pound, respectively.
Arabica coffee futures prices in New York on November 10.（VietVance）
Traders said the harvest was progressing smoothly in Vietnam, the world’s largest robusta coffee producer, and market supplies appeared ample. GSX Commodities said large volumes of Brazilian coffee entering the market, rising exports and an increase in coffee awaiting exchange grading were putting pressure on prices.
The Intercontinental Exchange said that, as of November 10, 104,370 bags of Brazilian coffee were awaiting grading in its warehouses, the highest level in eight months. The coffee can be added to certified stocks only after passing quality inspections. Grading usually takes one to two weeks and may take longer when volumes are high. Data from Brazil’s Trade Ministry showed that the country’s coffee exports rose 23% year on year in October to 287,000 tonnes.
The exchange’s robusta coffee stocks have risen substantially since early October, reaching 6,809 lots on October 29, their highest level in about 15 months, before easing to 6,642 lots on November 10. Although Brazilian coffee has continued to arrive at exchange warehouses, it has not yet been added to certified arabica stocks in significant quantities.
Source: VietVance
