Market Reports

In the latest consumer stock reports, which are released retrospectively, the European Coffee Federation, E.C.F. have reported that the port warehouse coffee stocks held in reporting warehouses in Belgium, Germany, France, Italy and Spain, have registered a 7.51% decrease during the month of February 2026 to total 6,802,533 bags at the end of the month. The stocks are reported as 2,502,100 bags robusta coffee, 2,118,550 bags natural arabica coffee Including Brazil semi-washed, and 2,181,883 bags washed arabica coffee.

This figure reported at the end of February 2026 is 7.98% lower to the same time last year when the port warehouse coffee stocks registered at 7,392,750 at the end of February 2025. The overall European Coffee Federation port warehouse stocks reported, include the certified coffee stocks that are held in certified warehouses and registered to the New York and London exchanges. The current levels of coffee stocks, which include the certified coffee stocks that are held in certified warehouses, would equate to close to seven weeks of roasting activity, which most would consider to be a low reserve and albeit above the reported historic low in March 2024 at a total 6.40 million bags.

The Certified washed Arabica coffee stocks held against the New York exchange increased by 5,052 bags yesterday, to register these stocks at 549,711 bags, with 75.61% of these certified stocks held in Europe, at a total of 415,670 and the remaining 24.39% being held in the USA at a total 134,041 bags. Of this, a total 24,918 or 4.53% of the coffees registered and stored in consumer country certified warehouses of the exchange, are Brazil washed arabica, and a further 24.01% of these certified coffees, from Honduras at 131,975 bags and 15.06% from Nicaragua at a total 82,763 bags. The pending grading stocks decreased by 10,562 bags on the day, registering 38,068 bags pending grading, the majority origins pending grading Honduras and with washed Uganda a tenderable quality, this adds up to 70.06% of the total.

The May 2026 to May 2026 contract arbitrage between the London and New York markets narrowed yesterday, to register this at 138.76 Usc/Lb. This equates to 45.10% price discount for London robusta coffee.

It was a mixed but overall softer day the commodity markets yesterday, ahead of key US economic data due to be released in the week ahead while markets look at Oil as a key indicator, which was firmer on the day yesterday. The Cocoa, Sugar, Soybean and Wheat markets ended the day on a firmer note, while the Coffee, Corn, Gold, Silver, Platinum and Palladium markets ended the day on a softer note. The day starts with the U.S. Dollar trading at 1.336 Sterling, at 1.158 to the Euro and with the US Dollar buying 5.227 Brazil Real.

The London and New York markets started the day yesterday trading in modest softer territory. This markets both quickly gained support to trend firmer early and set a new high for the day early in the session before attracting selling pressure to post a lower track, responding with liquidation in both New York and London, to trade in negative territory to set a new lower range. As the afternoon progressed, lacking upward momentum, technical liquidation entered to see speculative sellers return in volume to the floor to trigger stops along the way. The London market followed suit, and the markets continued to track lower with a large degree of speculative long liquidation to accentuate the losses for the day’s trade. As the day progressed to the close selling activity started to wane toward the end of the days’ trade, to see the London market narrowly recover some of the earlier losses of the day, while the New York market was also seen to recover off of the lows of the day during the late afternoon session to settle on a softer note at the close, with most of the earlier losses of the day intact.

The London market ended the day on a negative note, with 71.74% of the earlier losses of the day intact, while the New York market ended the day on a likewise negative note, with 88.95% of earlier losses of the day intact. This follow through soft close for the markets and with both the New York and the London markets retaining most of the earlier losses to settle near to the lows of the day, as the markets were seen to encounter a large degree of selling pressure, might lead one to think that the markets are due for little better than a hesitant start to early trade today, against the prices set yesterday, as follows: