Dollar Weakness Sparks Short Covering in Coffee Futures

Food prices rose by 5.4 percent year-on-year in March, according to Statistics Sweden (SCB). This is the highest price increase in 16 months. Prices of chocolate and coffee are soaring by around 30 percent compared to a year earlier.

Dollar Weakness Sparks Short Covering in Coffee Futures

May arabica coffee (KCK25 ) today is up +13.45 (+3.92%), and May ICE robusta coffee (RMK25 ) is up +160 (+3.24%). Coffee prices today are sharply higher as a selloff in the dollar index (DXY00 ) to a 3-year low has fueled short covering in coffee futures. Also, supply fears...

Ground coffee accumulated an increase of 77.8% in the last 12 months until March 2025. The data, released this Friday (April 11, 2025) by the IBGE (Brazilian Institute of Geography and Statistics), show that the product has already increased by 30.04% this year alone. The price increase is related to the drop in global supply, problems in the harvest in Vietnam, the 2nd largest exporter, and droughts and high temperatures that affect production.…

Consumer prices in March 2025, compared to the same month of the previous year, increased by 4.4 percent, the Republic Bureau of Statistics announced. Among the foods that have risen in price the most are coffee, tea and cocoa with a year-on-year price increase of 21.3 percent, followed by sugar, jam, honey and chocolate with a price increase of 17.5 percent.

Food prices in March rose by 5.4 percent year-on-year, according to Statistics Sweden (SCB). Prices of chocolate and coffee are soaring by around 30 percent compared...