Italian roaster Lavazza warned coffee prices are likely to remain elevated and volatility will persist, complicating expectations for price relief. Chairman Giuseppe Lavazza said market stability is required before prices can fall and that at least two strong harvests plus a substantial rebuild of global inventories would be needed to ease tightness, making price declines unlikely over the next two years. New York Arabica futures posted their largest intraday gain in 26 years on Monday, then gav

Italian roaster Lavazza warned coffee prices are likely to remain elevated and volatility will persist, complicating expectations for price relief. Chairman Giuseppe Lavazza said market stability is required before prices can fall and that at least two strong harvests plus a substantial rebuild of global inventories would be needed to ease tightness, making price declines unlikely over the next two years. New York Arabica futures posted their largest intraday gain in 26 years on Monday, then gave back most of the move and swung again on Wednesday, reflecting market tension between expectations of a record Brazilian crop and El Nifio-related weather risk.