NASDAQ:ZG News 23 January 2026

January 23, 2026, 1:51 PM EST. Coffee futures rose as the dollar weakened, sparking short covering and pushing December arabica and November robusta contracts up by 0.53% and 0.73%, respectively. Above-average rainfall in Brazil's key coffee region, Minas Gerais, eased concerns over the flowering period, creating bearish pressure on prices. Meanwhile, harvest completion rates in Brazil's robusta and arabica sectors neared 100%, adding downward pressure. However, coffee prices remain supported by tight supplies, with ICE robusta inventories at a one-month low and arabica stocks at a 1.25-year low. Export reductions from Brazil amid U.S. tariffs have tightened U.S. supply, supporting higher prices. Global June coffee exports increased 7.3% year-on-year, though cumulative exports remain flat. Vietnam's coffee production is down 20% due to drought, adding to supply concerns.