Arabica Coffee Futures Prices Update Today

Arabica coffee futures prices on the commodities exchange ICE Futures New York closing on  Friday early morning (1/21) up. Arabica coffee price increase affected coffee production worriesthat can not meet the demand.

Giuseppe Lavazza, Vice President of Lavazza coffee gloal suppliers, said there are signs that the coffee producing countries will not be able to meet the global demand for products in the future.

He said climate change was "a real problem" that has affected coffee production for some time, such as the drought in Brazil, and El Nino in Indonesia, "he said.

Lavazza said his company estimates a strong u.s. dollar and rising global demand could cause"volatility high coffee prices". "In the long run the world will need more coffee because coffee consumption internationally is growing," he said.

He said there is little land left to plant the coffee that is not already in use, which means the only way to meet the demand for it increases the productivity of agriculture. "We think that in the future if the basics won't change, coffee prices will increase in the international market because of the difference between demand and supply," he said.

Arabica coffee futures price for the most active contract in March 2016 closed up at position 1.1440 dollar, rose by 2.80 cents or equivalent 2.51 percent.

Arabica coffee futures prices on ICE Futures New York will move in a range of Support in a position of 1.1240 dollars and 1.1040 dollars. While the Resistance level that will be encountered if an increase in advanced there is at the position of 1.1640 dollars and 1.1840 dollars.