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Stock impact report

Coffee prices reach record highs amid poor Brazil outlook [Yahoo! Finance]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: Yahoo! Finance
The price of Arabica coffee beans, the most commonly consumed coffee variety, reached $3.34 per pound yesterday (10 December) on the Intercontinental Exchange (ICE). Robusta beans had also surged to an unprecedented level at the end of November to touch $5,565 per metric tonne, but have since retreated to trade at $5,268. Coffee prices gained on the news that coffee trader Volcafe Ltd. had cut its production outlook for Arabica-producing Brazil due to the impact of a drought. According to Bloomberg , the major trader expects Brazil to produce 34.4 million bags of premium Arabica next season, a drop of 11 million bags from estimates shared with the publication in September. The decline, it reported, would see global coffee production likely miss the anticipated demand by 8.5 million bags in the 2025-26 season. Research from GlobalData, Just Drink s' parent company, expects global coffee stocks to hit new lows, while the USDA predicts Brazil's 2024/25 crop will drop by 3.5 mi Show less Read more
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