December arabica coffee (KCZ24) Wednesday closed down -0.10 (-0.04%), and November ICE robusta coffee (RMX24) closed up +31 (+0.58%). Coffee prices Wednesday settled mixed. Arabica coffee prices came under slight pressure Wednesday after Rabobank projected that global 2024/25 coffee production would climb by +2.2% y/y to 174 million bags, leaving the world with a small arabica bean surplus. Losses on coffee were limited as meteorologist Climatempo said most of this week will continue to be hot and dry in Brazil’s coffee-producing areas, which could undercut the prospects for Brazil’s 2025/26 c…