On July 27, 2026, ICE New York arabica coffee’s most-active September contract surged 3.4% (1,075 points) to close at 324.55 cents per pound, the highest level since mid-month. London coffee futures rose 1.1% to $3,799 per tonne. The sharp move has been widely linked to concerns that an El Niño event—potentially the strongest in nearly 150 years—could hurt output in key producing countries such as Brazil and Vietnam.