https://en.sputniknews.africa/20250127/arabica-coffee-prices-hit-record-above-35-per-pound-defying-downward-bets-analysis-shows-1070377992.html
Arabica Coffee Prices Hit Record Above $3.5 Per Pound, Defying Downward Bets, Analysis Shows
Arabica Coffee Prices Hit Record Above $3.5 Per Pound, Defying Downward Bets, Analysis Shows
Sputnik Africa
Amid record-high prices, traders are cautioned not to bet against the upward momentum in arabica coffee market prices, and are advised to manage risk carefully... 27.01.2025, Sputnik Africa
2025-01-27T18:03+0100
2025-01-27T18:03+0100
2025-01-27T18:29+0100
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As of Monday, the market value of arabica coffee reached more than $3.55 per pound, a surprise catching speculators betting on a price decline off guard, according to Daily Forex, a website for broker information and market analysis.The uptrend continues, fueled by large players; however, despite reaching record levels, the rally has been gradual rather than volatile, suggesting continued buying power, the analysis added. The speculative price range for arabica this week is $3.37-3.59 per pound, Daily Forex forecasted. Arabica has been rising in price on the world market every month since April 2024. Its price in September reached $6,000 per tonne, for the first time since September 2011. In November, the cost of arabica rose by almost 30%, and since the beginning of December it has added another 8%, exceeding the $7,500 per tonne mark during trading, a record high since April 1977.
https://en.sputniknews.africa/20241211/exchange-prices-for-arabica-coffee-reach-new-record-high-exceeding-7500-per-tonne-1069655833.html
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international, market, coffee, commodities exchange, prices, trade, africa, economy
international, market, coffee, commodities exchange, prices, trade, africa, economy
Arabica Coffee Prices Hit Record Above $3.5 Per Pound, Defying Downward Bets, Analysis Shows
18:03 27.01.2025 (Updated: 18:29 27.01.2025) Elizaveta Roschina
Writer/Editor
Amid record-high prices, traders are cautioned not to bet against the upward momentum in arabica coffee market prices, and are advised to manage risk carefully when navigating this volatile market, a source for broker information and market analysis said.
As of Monday, the market value of arabica coffee reached
more than $3.55 per pound, a surprise catching speculators betting on a price decline off guard, according to
Daily Forex, a website for broker information and market analysis.
The uptrend continues, fueled by large players; however, despite reaching record levels, the rally has been gradual rather than volatile, suggesting continued buying power, the analysis added.
The speculative price range for arabica this week is $3.37-3.59 per pound, Daily Forex forecasted.
Arabica has been rising in price on the world market every month since April 2024. Its price in September reached $6,000 per tonne, for the first time since September 2011. In November, the cost of arabica rose by almost 30%, and since the beginning of December it has added another 8%, exceeding the $7,500 per tonne mark during trading, a
record high since April 1977.
