This tight metric historically aligns with maintained bullish cycles in the coffee market. Below is a look at some major coffee retailers – and what their drinks might cost you on National Coffee Day, based on Northeast U.S. prices obtained by Fox News Digital. Ongoing concerns about drought in Brazil’s coffee belt continued to support prices. The arrival of the rain at the end of March eased the situation somewhat, but negative estimates for the Brazilian harvest caused New York prices to fall back to 410.05 cents on 28 April. Coffee futures price is reacting to currency dynamics, as Brazil’s real strengthened 1.2% against the dollar. This trend may limit local producer sales, tightening near-term supply and sustaining price support above $2.30/lb.
