The global prices of Arabica coffee have reached a high record of more than $ 3.60 per pound on Wednesday, as Brazil, far the largest producer in the world, now has few coffee beans to sell and concerns about its upcoming harvest continues.

Merchants reported that 70% -80% of current Arabica harvest in Brazil has been sold and new transactions are slow. Brazil produces almost half the Arabica grains in the world, a high quality variety commonly used in grilled and ground mixtures.

The country was intense drought last year, though the weather was more favorable. However, according to the Brazilian Conab food supply agency, the upcoming cultivation will be 4.4% of the current.

India’s coffee exports, the fifth largest producer Robusta in the world, are expected to decline more than 10% in 2025 due to lower production and reduced stocks from last season’s cultivation.

Traders said farmers in both India and Vietnam, the world’s leading producer Robusta, are holding sales waiting for further prices and that in Brazil it has sold about 80-90% of the current crop.

Broker Sucden said in a report that Brazilian farmers also prioritize local sales over exports at dollar, although the latter make more money as their financial position has improved significantly over the last two years.

Sucden sees the World Coffee Market recording a fourth consecutive deficit this season.