NEW YORK: Global arabica coffee prices hit record highs above $3.60 per lb on Wednesday as Brazil, by far the world’s largest producer, has few beans left to sell and as worries over its upcoming harvest persist.
Dealers said 70 percent-80 percent of Brazil’s current arabica harvest has been sold and new trades are slow. Brazil produces nearly half the world’s arabica beans, a high-end variety typically used in roast and ground blends.
The country’s recent weather has been more favorable after a severe drought last year. Still, the upcoming crop will be 4.4 percent smaller than the previous, according to Brazilian food supply agency Conab.
“Global coffee supplies remain limited. Vietnam is progressing slowly with sales of its robusta crop. The arabica harvested in Central America and Colombia is taking longer to get to the market, and Brazilian farmers don’t show much interest in selling more,” said broker HedgePoint Global Markets on Wednesday.
Arabica coffee futures on the ICE exchange, a contract used globally to price physical coffee trades, hit a record high of $3.6945 per lb earlier, bringing gains for the year up nearly 15 percent. The contract later closed up 2.5 percent at $3.6655 per lb.
Robusta coffee, a generally cheaper variety used mostly to make instant coffee, rose 0.9 percent at $5,609 a metric ton.
Coffee exports from India, the world’s fifth largest robusta producer, are expected to decline more than 10 percent in 2025 due to lower production and reduced carry-forward stocks from last season’s crop.
Dealers said farmers in both India and Vietnam, the world’s top robusta producer, are holding back sales in anticipation of further price gains and that in Brazil, some 80-90 percent of the current harvest has been sold.
Broker Sucden said in a report that Brazilian farmers are also prioritizing local sales over dollar-priced exports even though the latter fetch more money as their financial position has improved significantly over the past two years.
It added the country’s current buffer stocks have eroded to an estimated 500,000 bags versus some 8 million bags traditionally, meaning any additional weather disruptions could have an outsized impact on global coffee prices.
Sucden sees the global coffee market recording a fourth successive deficit this season.
In other soft commodities traded, raw sugar rose 1.1 percent at 19.45 cents per lb, rebounding strongly from last week’s five-month low, while white sugar gained 2.2 percent at $522.90 a ton.
New York cocoa futures rose 3.3 percent to $11,745 a ton, while London cocoa gained 1.6 percent to 9,138 pounds per ton.
Coffee prices surge to record highs above $3.60 per lb
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Coffee prices surge to record highs above $3.60 per lb
- Dealers said 70 percent-80 percent of Brazil’s current arabica harvest has been sold and new trades are slow
- Brazil produces nearly half the world’s arabica beans, a high-end variety typically used in roast and ground blends
Filipinos master disaster readiness, one roll of the dice at a time
- In a library in the Philippines, a dice rattles on the surface of a board before coming to a stop, putting one of its players straight into the path of a powerful typhoon
MANILA: In a library in the Philippines, a dice rattles on the surface of a board before coming to a stop, putting one of its players straight into the path of a powerful typhoon.
The teenagers huddled around the table leap into action, shouting instructions and acting out the correct strategies for just one of the potential catastrophes laid out in the board game called Master of Disaster.
With fewer than half of Filipinos estimated to have undertaken disaster drills or to own a first-aid kit, the game aims to boost lagging preparedness in a country ranked the most disaster-prone on earth for four years running.
“(It) features disasters we’ve been experiencing in real life for the past few months and years,” 17-year-old Ansherina Agasen told AFP, noting that flooding routinely upends life in her hometown of Valenzuela, north of Manila.
Sitting in the arc of intense seismic activity called the “Pacific Ring of Fire,” the Philippines endures daily earthquakes and is hit by an average of 20 typhoons each year.
In November, back-to-back typhoons drove flooding that killed nearly 300 people in the archipelago nation, while a 6.9-magnitude quake in late September toppled buildings and killed 79 people around the city of Cebu.
“We realized that a lot of loss of lives and destruction of property could have been avoided if people knew about basic concepts related to disaster preparedness,” Francis Macatulad, one of the game’s developers, told AFP of its inception.
The Asia Society for Social Improvement and Sustainable Transformation (ASSIST), where Macatulad heads business development, first dreamt up the game in 2013, after Super Typhoon Haiyan ravaged the central Philippines and left thousands dead.
Launched six years later, Master of Disaster has been updated this year to address more events exacerbated by human-driven climate change, such as landslides, drought and heatwaves.
More than 10,000 editions of the game, aimed at players as young as nine years old, have been distributed across the archipelago nation.
“The youth are very essential in creating this disaster resiliency mindset,” Macatulad said.
‘Keeps on getting worse’
While the Philippines has introduced disaster readiness training into its K-12 curriculum, Master of Disaster is providing a jolt of innovation, Bianca Canlas of the Department of Science and Technology (DOST) told AFP.
“It’s important that it’s tactile, something that can be touched and can be seen by the eyes of the youth so they can have engagement with each other,” she said of the game.
Players roll a dice to move their pawns across the board, with each landing spot corresponding to cards containing questions or instructions to act out disaster-specific responses.
When a player is unable to fulfil a task, another can “save” them and receive a “hero token” — tallied at the end to determine a winner.
At least 27,500 deaths and economic losses of $35 billion have been attributed to extreme weather events in the past two decades, according to the 2026 Climate Risk Index.
“It just keeps on getting worse,” Canlas said, noting the lives lost in recent months.
The government is now determining if it will throw its weight behind the distribution of the game, with the sessions in Valenzuela City serving as a pilot to assess whether players find it engaging and informative.
While conceding the evidence was so far anecdotal, ASSIST’s Macatulad said he believed the game was bringing a “significant” improvement in its players’ disaster preparedness knowledge.
“Disaster is not picky. It affects from north to south. So we would like to expand this further,” Macatulad said, adding that poor communities “most vulnerable to the effects of climate change” were the priority.
“Disasters can happen to anyone,” Agasen, the teen, told AFP as the game broke up.
“As a young person, I can share the knowledge I’ve gained... with my classmates at school, with people at home, and those I’ll meet in the future.”









