On the ICE financial market, the first maturity of the robusta variety, since mid-March, recorded a 27% increase, touching a new record at over $4.200/t. Areté analyses, in the same period, show that the price of the arabica variety marked a +36%, returning to the highest levels of the last two years.
On the fundamental side, in a situation of limited Asian supply, the increases are fueled by the fear that the weather could negatively impact the developments of the next 24/25 harvests. The bullish trends are
Further amplified by uncertainty over the effects of EU anti-deforestation rules and container costs driven by geopolitical tensions on the Red Sea. However, the inflationary trend is also strongly fueled by speculative movements. As of April 9, non-commercial operators' net positions in the Arabica market reached a record 73.563 contracts.
