Coffee climbed to a one-week high in New York

Coffee rose to a week high in New York due to worries of surging energy costs and cool weather in Brazil will threaten supplies. 

Arabica futures rose  1.3%, contributing almost 4% to their jump on Tuesday. There is concern that rising oil prices caused by the aftermath of Russia's invasion of Ukraine may increase farmers' costs. Higher fertilizer prices and tighter nutrient supplies run the risk of lowering the yields of top Brazilian producers.

Small yields and supply line snarls leave little room for adverse harvest weather. According to World Weather Inc, temperatures in Brazil's coffee areas can be lower than normal from May to July, but that doesn't mean that last year's catastrophic freezes will repeat.

Arabica went up 0.8% at $2.3485 a pound in New York, while robusta coffee gained 0.9%. The price gains can also attract more funds back the market. Alex Boughton, a coffee broker at Sucden in London has said, “We may have had some fresh length re-emerge from the trend followers/specs after a period of liquidation.”