FX.co ★ Arabica Coffee Futures at Over 2-Month High

Arabica coffee futures hovered around $2.96 per pound, their highest level since April 23, driven by evidence of tightening inventories as markets tracked the pace of Brazil’s harvest. Certified Arabica stocks on ICE declined by a further 3,069 bags to 377,465, the lowest level since March 2024. Over the same period a year earlier, stocks stood at 841,173 bags, marking a reduction of 463,708 bags in twelve months.