1623 GMT - Coffee prices have plunged since last week, with ICE Arabica futures on track for a weekly drop of nearly 10%. "In addition to external factors such as general market sentiment and the stronger U.S. dollar, the price setbacks are likely due, among other things, to the prospect of a strong coffee crop in Brazil, which is expected to reach a record high this year," says Norman Liebke from Commerzbank. Brazil's total crop of the Arabica and Robusta coffee varieties is forecast to rise 17.1% from 2025, the commodity analysts says, citing forecasting agency Conab. Robusta production is projected to increase by 6.4%, while Arabica production is expected to jump by 23.3%. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
February 06, 2026 11:23 ET (16:23 GMT)
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