Coffee prices plummeted on Friday, with robusta coffee hitting a two-and-a-half-month low, due to anticipated abundant supplies. Brazils coffee production forecast was increased by over two percent, projecting fifty-six point five four million bags. However, Brazils green coffee exports in November dropped by twenty-seven percent, potentially supporting arabica coffee prices. The dry spell in Minas Gerais, Brazils largest arabica coffee-growing region, could impact future harvests and push prices higher. The European Parliaments decision to delay a new deforestation law for one year keeps coffee imports flowing into Europe without immediate restrictions. Global coffee inventories show mixed signals, with arabica inventories recovering slightly and robusta inventories falling to an eleven-point five-month low. Vietnam, the worlds largest robusta producer, expects a six percent increase in its two thousand twenty-five to two thousand twenty-six coffee production, potentially reaching a four-year high, further contributing to downward pressure on global coffee prices.

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