• New York coffee futures rose to their highest level since 1997
• Concerns about crops among large farmers, which threatens to increase costs for coffee roasters and consumers
• Brazilian coffee stocks may decline to only 1.2 million bags by the end of the season next June, by 26% compared to the level recorded last year.
• Arabica coffee prices witnessed an increase of up to 3%.
• Arabica futures rose 2.4% to $3.0935 per pound.
• Prices increased by 64% in 2024.
