Coffee futures are traded on the JSE Securities Exchange (JSE). Prices - ICE Arabica coffee futures prices (Barchart.com symbol KC) began 2023 on a weak note and fell to a 2-1/2 year low in January of 142.05 cents per pound.
Why did coffee prices go up in 2023/24?
ICO projected that 2023/24 global coffee production would climb +5.8% y/y to 178 million bags due to an exceptional off-biennial crop year. Coffee prices then reversed and pushed higher into year-end as supplies tightened. In November, ICE-monitored arabica coffee inventories fell to a 24-year low of 224,066 bags.
How often do coffee futures freeze in Brazil?
A major freeze in Brazil occurs roughly every five years on average. Coffee futures and options are traded at the ICE Futures U.S. and ICE Futures Europe exchanges, and the B3 Exchange (formerly BM&F/BOVESPA). Coffee futures are traded on the JSE Securities Exchange (JSE).
