Global beverage markets are showing improvement with the refined harvest of coffee and cocoa, releasing some of the pressure on commodity prices that were tied to the previous harvests. According to a World Bank report titled “Commodity Markets Outlook—October 2025,” today’s prices of these beverages are coming down as global coffee and cocoa supplies have returned as a result of weather conditions that affected both the global market prices for coffee and cocoa. In late 2025, the World Bank’s beverage price index decreased significantly after increasing drastically throughout 2025 (the coffee and cocoa prices have begun to fall) and as the tea prices remain stable for a significant period of time. Following the forecasted rise of the beverage price index by 18% for 2025, it is forecast to decline by 7% for 2026 and by another 5% for 2027 due to anticipated increases in output levels.
The price of coffee is lower now compared to one year ago, but not significantly lower than the previous year. In November, the average price of Arabica was nearly $9 per kilogram, which represents an increase of around 35% from November of the previous year, and was nearly $5 for Robusta coffee. Production of both coffee varieties is expected to increase throughout the 2025–26 season, with the greatest increases occurring in Colombia, which will have a substantial impact on future Arabica coffee pricing. Likewise, cocoa prices are also expected to decrease for a larger West African harvest in the 2025–26 season with increases in exports from the Ivory Coast and Ghana. Tea producers can meet their supply obligations, and tea price stability should return to levels slightly above current values. Weather-related risks associated with climate patterns and potential tariffs or quota restrictions placed on imports of coffee could impact any future price movements in coffee.