We’ll be closing the office from 3pm on Thursday 4th December for our Christmas celebrations.

To ensure your coffee lands on time, please place any orders before 12:30pm so they can be processed accordingly.

During the closure, our phones will be diverted to selected staff members for any urgent matters.


END OF YEAR CLOSURES

As we near the end of 2025, we’d like to take this opportunity to share some important updates that we know will be of interest to you.
 
1. If Bennetts are organising your delivery from Melbourne and you need to receive your order before Christmas, we recommend placing your orders by:

• WA, FNQ, & TAS Customers:                              12:30pm (AEDT) 5th December 2025
• QLD Customers:                                                    12:30pm (AEDT) 10th December 2025
• NSW, ACT, SA, & regional VIC Customers:      12:30pm (AEDT) 12th December 2025
• Melbourne Metro Customers:                              12:30pm (AEDT) 18th December 2025

• Last day for despatch and collection in 2025: Tuesday 23rd December 2025
• First day for despatch and collection in 2026: Tuesday 6th of January 2026 (order needs to be received by 12:30pm Monday 5th of January)
• Bennetts Office Closed:
  • 25th and 26th December 2025
  • 1st and 2nd January 2026

Please do not hesitate to contact your Bennetts Account Manager directly or our office if you have any questions and/or require any additional information.


MARKET REPORT

If any of these terms in the market report are confusing, we urge you to use Investopedia to make sense of them. We have found it to be a brilliant tool when learning about all things trading, futures and currency.

Closing in on the end of the year, there’s likely many in the industry that are looking forward to seeing the back of 2025 and preparing for 2026! Not only because of record prices, higher volatility and regulatory trade policies that fundamentally changed how the trade… well trades, but because there is a sense of optimism about what is to come!
 
Taking a minute to reflect on November’s market, the NY ‘C’ opened the month at 392.75usc/lb against the December terminal and yo-yo’ed for the first couple of weeks between the month-high of 423.95usc/lb and 390.00usc/lb. Most of the trade flow leading up to this point was focused on moving positions from the December terminal to March before the First Notice Day on the 19th of November. This accounted for most of the trade flow. As we moved into the March terminal, there was some more welcome policy shifts (explained below) that helped the market push downwards to the month low of 351.65usc/lb, before retracing all lost ground over the following couple of days and seemed to be comfortable sitting between 373usc/lb and 385usc/lb for the rest of the month before closing at a level of 381.20usc/lb.

Arabica NY C Graph 

Robusta opened the month at 4,545USD/MT and had a less volatile start to the month as it quickly pushed up to the monthly high of 4,780USD/MT before easing over the first couple of weeks down to month lows of 4,134USD/MT. Many of the same factors impacted the Robusta market as it did the Arabica market across the month. Robusta closed the month at 4,565USD/MT.
 
Let’s talk about the two major regulatory shifts that happened in November that have a significant impact on the coffee markets.
 
First, we heard from the US that they we’re lifting reciprocal tariffs on their trading partners across select agricultural products, thankfully coffee was included in that list. This was announced in a couple of different phases, that left traders a little bemused. Initially the announcement was for close trading partners to the US (Guatemala, El Salvador, Ecuador and Argentina) who would benefit from the removal of tariffs on coffee. The following day, reciprocal tariffs were removed for coffee, but Brazil had an additional 40% rate increase outside of the reciprocal tariffs. These remained for another week before the announcement from the Trump administration that Brazil would be added to the list of exemptions for coffee importation. This should encourage the trade of coffee to the US under less restrictions and allow roasters to re-build inventories with a little more certainty.
 
Secondly, the EU Parliament voted to delay, once again, the EUDR regulations on coffee (and other products) for another 12 months citing lack of preparedness for full implementation. This should encourage trade flows over the coming year to Europe, like the removal of tariffs for the US, with a little more certainty.
 
What this means for the coming months is that we will likely see some more coffees being sent to destinations to rebuild inventories, especially with the Central American and African harvests getting underway in decent volumes. Nonetheless, all eyes are fixated on Brazil’s expected bumped crop impending for 2026/2027 with rains arriving in relatively normal fashion for now. Should this precipitation continue over the coming 3-5 months, it will be possible for Brazil to produce north of 75 million 60kg bags (more than 40 times the annual consumption of Australia).
 
As a ‘fun’ recap of what the trade has seen this year here is a quick list of some of the important factors;

• Record NYC (440.85usc/lb) & Robusta (5,871USD/MT) Futures prices
• US reciprocal tariffs on all major origins (excluding Mexico)
• Additional 40% tariffs on Brazil
• Market easing 130usc/lb across May - July
• Market rallying 100usc/lb in the month of August alone
• Extreme inversion in the market between terminals (up to 30usc/lb)
• Tricky Brazilian harvest with quality concerns and downward production revisions.
• Heavy speculative trading movements across both markets throughout the year
• Small frosts across Brazil during the winter period
• Excessive rains throughout Vietnam during typhoon season
• The removal of US tariffs on coffee imports
• Delaying EUDR another year

As we transition into the 2026 it is likely we will still have surprises along the way! There will be new challenges to overcome and opportunities that will be created that will take the industry forward. For us a Bennetts, we are thankful for sharing the past year with such great partners in the trade and look forward to the year ahead!


IPANEMA COFFEES NAMED BRAZIL'S BEST

Over the past decade, Ipanema Coffees in Brazil has invested deeply in research and development, testing numerous coffee varieties for productivity, flavour potential, resilience, and overall quality. Among these efforts, the Geisha variety, cultivated at 1,260 meters in the Mantiqueira region, has emerged as a standout, offering a remarkable balance of exceptional quality and consistent production.

This hard work has culminated in a milestone achievement.

For the third consecutive year, Ipanema has been honoured in the Cup of Excellence, solidifying its leadership in Brazil’s specialty coffee sector. This year brought an especially notable triumph: in the Experimental Category, Ipanema’s Geisha achieved an impressive 91.68 points, securing the champion title. Even more significantly, this score was the highest across the entire competition, officially recognising Ipanema as the producer of the best coffee in Brazil this year.

These consecutive awards highlight not only the dedication of the Ipanema team but also the long-term commitment to innovation, precision farming, and excellence in processing. The results speak for themselves: a consistently outstanding coffee and a farm that continues to raise the standard for Brazilian specialty production.

This achievement is both a celebration of past effort and a powerful indicator of what’s ahead for Ipanema’s evolving portfolio of exceptional coffees.

Bennetts have been the exclusive partner of Ipanema Coffee in Australia for over 20 years, and we are proud to celebrate their momentous milestone. In the coming months we will work together with Ipanema to select some outstanding nano-lots from their upcoming Premier Cru specialty selection.

Keep your eyes out for these in the new year.