ice 70 yacht price

Yachting World

• Digital Edition

Video: Ice 70 review – a luxury, fast Med cruiser

• Toby Hodges
• December 6, 2021

Looks, build quality and really smart design – has the new Ice 70 got the full package? asks Toby Hodges after a maiden sail

Product Overview

Price as reviewed:.

Some yachts will always produce that instant spark of attraction. With others, the appeal may be slower burning, where facets or practicalities will help make the appeal more than skin deep. This new Ice 70 may just have that rare ability to combine both.

The opportunity for a first quick sail after its debut showing at Cannes Boat Show confirmed to me that, for a multitude of reasons, the Ice 70 is a standout new large yacht. It has the looks to stop you in your tracks, the performance and finish quality to really impress, as well as something else too, something more enduring: homogenous and harmonious design.

Why is that a big deal? Many yards have models at this market level, particularly in Italy. But a semi-custom or custom yacht will typically involve input from multiple sources. The naval architecture will come from one firm, the deck styling from another, then the interiors, structures, rig and engineering design will all come from different experts. While it can work wonders, the overall effect can also risk being a little disjointed and can certainly be an overwhelming prospect for an owner to manage.

Here, one designer and one shipyard have worked together for decades and the results on the Ice 70 are telling. “It took my team and I more than 4,500 hours for the design and the complete engineering of the boat,” Umberto Felci tells me. “This makes the difference in terms of quality and coherence of the project and efficiency of the construction of the future yachts.”

A slippery, powerful hull shape combines with plenty of sail area for enticing light wind sailing. Photo: The International Yachting Media

For those unfamiliar with Ice Yachts, it is a performance cruising brand established 10 years ago from the experienced CN Yacht 2000 shipyard near Milan, which has built around 80 semi-custom yachts over the last three decades. So while this new Ice 70 may be the longest yet for the Ice brand (which also has a 72ft cat in build), the shipyard itself has launched dozens of composite yachts of this size (mostly from the Felci board).

Stepping aboard the Ice 70

The Ice 70 is designed for robust, fast offshore cruising. This first example is a special version made for a client who usually sails alone with his permanent skipper, Bobo Innocenti, so it needed to be easy to manage.

Innocenti explained that they have moved up from a Solaris 50 and that 90% of their time is spent cruising in the Mediterranean. An essential feature therefore was the ability to have control of everything from the helms.

The sleek coachroof still provides plenty of light below and has portholes embedded in the aft coamings. Photo: The International Yachting Media

The pedestals are a work of art and appear to grow out of the side deck coamings to form sculpted branches on which to hold the crucial array of push button controls. All systems, from the sheets and halyards, down to the telescopic keel, lighting and the mooring gear, can be operated from these consoles.

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Then there is the bimini, so often an afterthought. Here the carbon framework was designed by Felci too and blends smoothly into the exterior aesthetic, like the spoiler on a car. With an owner who likes to actively sail for four or five hours a day before being able to relax out of the sun in the cockpit, it’s a crucial feature. It can be removed, given some time, and the sprayhood dodger can quickly be folded away.

The interior will likely appeal to the majority thanks to classy styling which fuses the traditional use of teak and leather with modern touches. The result is elegant, tasteful and peaceful, while the decision to avoid stuffing it full of cabins means it feels like a much larger yacht.

Of course the reason for choosing such a design is not just for looks, it needs to perform. Snapping up the brief chance to try Ice 70, Thalassa2 out in Cannes, I worried that by the time we made it out of the bustling Port Canto marina and through the Cannes anchorage there’d not be enough of the afternoon breeze left to give us any meaningful sailing experience.

The generous saloon has a bench which slides across to fill in as a daybed area to starboard. Photo: The International Yachting Media

I was (gratefully) proven wrong while being shown the real merit of having a large, performance-oriented yacht like this, one which is crafted around being able to maximise single figure windspeeds and still provide an engaging experience.

We were soon making 7 knots in 10 apparent close-hauled. The increase in stability you get at this size, shape and keel choice (telescopic) is impressive, as is the ability to sail close to the wind (up to 21° apparent). Felci, a performance cruiser maestro and a skilled dinghy racer, has produced a slippery, modern hull shape, combining high form stability with low wetted surface area.

A slippery, modern hull shape, combining high form stability with low wetted surface area. Photo: The International Yachting Media

When the Code 0 was released we were off and into a priceless spell of sailing, making 9-9.5 knots in 11 knots apparent at 60° to the apparent breeze while bathed in the golden evening light.

I imagined this to be the equivalent of driving a finely tuned Italian sports car – except with this Ice there are few boundaries, no speed limits, there’s plenty of space for your luggage/golf clubs, and you can sleep aboard in serious comfort.

70ft solo sailing

The steering felt light and direct and it was a pleasure to be able to feel pressure variances on the single carbon rudder blade. I was also impressed with how Innocenti can and does manoeuvre and sail this yacht himself and how well configured it is for him or the owner to do so.

All winches and furlers can be controlled from remote buttons on the pedestals. Even gybing the Code 0, for example, can be done short-handed from the cockpit. Although the huge headsail was furled to gybe, the neat part was having the endless line for the Code furler leading around the self-tailing jaws of the high-speed mast base winch, which is again controllable from the pedestal. Release the sheet, while pressing the winch remote button to furl, then activate the new primary winch to unleash the sail again on the other side. Impressive (when it all works smoothly)!

A sunset sail under Code 0 sold the sailing experience. The International Yachting Media

Innocenti says they fly the Code 0 until 13 knots true wind, then swap to the jib to make the same reaching speed of around 10 knots. They keep this until 20 knots before switching to the staysail.

He also says that despite this being a carbon composite build, there’s been no strict attention to weight and that comfort comes first. This is a 25-tonne fast cruiser which carries another three tonnes of water and fuel. That said, weight is certainly kept low and central. It has a full carbon rig, with hydraulic mast jack, in-boom furling mainsail sheeted to a traveller, Doyle cable-less jib and staysail and a Code 0.

The rig package alone costs more than my house, as does the lifting T-keel option – arguably the eye-watering prices required for high end performance at this size level today.

The decks are kept really clean including the single-level cockpit, flush foredeck and wide side decks, which are easy to access from the aft deck. The lead of the jib sheets to the primary winches does mar this slightly, however, by creating a tripping hazard on the side decks.

The galley is replete with domestic goods, plus three fridge-freezers which are keel/water cooled via transfer plates on the hull. Photo: The International Yachting Media

It seems a rare oversight in the otherwise slick design and I questioned if the turning blocks could be mounted inboard. Innocenti thinks this would need larger size reversible primaries to solve the problem, which would in turn create another by requiring more space.

Another slight annoyance and a downside to the cockpit protection is the need to duck below the sprayhood to move down the companionway, although the sprayhood can easily be folded away.

Below decks

When you do move below decks you’ll find a wealth of luxury and space. It really gives the impact and feel of a much larger yacht, with a layout more like an 85-90 footer – remembering that this one is designed largely for two to sail, so, other than the owner and skipper cabins there is only one guest cabin. A four cabin version is optional, as is a layout with an aft owner’s cabin.

Natural products and high quality finish give the cabins a clean, elegant feel. Photo: The International Yachting Media

The dark tones and classic styling with the abundant use of teak and burgundy leather is elegant, albeit quite masculine, and should age well. The furniture is sandwich-built with abundant use of solid teak veneers including the soles, which are punctuated with dark wenge strips.

The interior design involved plenty of owner/skipper input and shows the benefit of a genuine semi-custom approach. The aft part is particularly well conceived as the galley can be closed off from the saloon with a sliding door, yet is still accessible from the skipper’s cabin via a tech space walkway beneath the bridgedeck.

As well as conventional access to the 195hp Yanmar engine below the companionway steps, this tech space also helps allow for engine access panels from all three other sides. Innocenti’s cabin also has direct access to the machinery/genset space further aft.

Photo: The International Yachting Media

The owner’s cabin forward contains a relatively modest vee berth and practical surround stowage. The adjoining ensuite heads is particularly impressive, with a wonderful shower room with teak seat, in which you could imagine reclining and enjoying the luxury of 1,400lt water tanks. The tanks are built into the structure below the saloon floor, in composite for water and plastic for fuel.

A keelbox area for the lifting T-keel creates a longitudinal bulkhead, which is used wisely as the internal wall of the twin guest cabin and the screen area of the TV snug area to starboard.

Ice founder, Marco Malgara, thinks people don’t tend to move up from 50ft to 60ft but are more likely to opt for this size. “We said if we do a 70-footer it can’t be the same as a 60 but must have a real feeling of luxury,” he explained during our sail. I think his team achieved that handsomely. Numbers two and three are now in build.

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This is arguably the definition of today’s luxury fast Med cruiser. Italian designed and built, it performs as its looks might suggest, but crucially, is conceived to be manageable to sail short-handed. It’s ideal then for the sailing its owner does: warm weather, slippery cruising. With its sleek coachroof design and its powerful hull and rig, the Ice 70 steals your attention from the dock, then holds it while moving throughout the boat and leaves the peak rewards for those on the wheel. It’s a premium priced large yacht and looks and feels so. While the yard is able to offer fit and finish flexibility, its collaboration with Felci design ensures the end result really is as smooth as ice.

ICE 70, The Italian ‘Bluewater Fast Cruiser’ Ready For Mini Maxi Races

The project of the ICE 70 by ICE Yachts  has been realized using the most advanced modeling and analysis software available today. “ Thanks to the new virtual reality ‘tools’ ,” explains Felci Yacht Design , “ we have been able to make the owner and the shipyard participant of many geometric and stylistic choices. It is a yacht with high technological potential, starting from the design of the hull and the appendices “.

With this sporty bluewater sailboat – the ICE 70 debuted at last Cannes Yachting Festival – the Italian yard wanted to create a technologically avant-garde boat with large, comfortable indoor and outdoor spaces, which is easy to sail and entirely safe at sea. Like all ICE Yachts models, the ICE 70 is a semi-custom product with which the owner has many possibilities for customization and equipment.

The shape of the canoe body is born to obtain top performances to participate in “long-distance” offshore races or to excel in Mini Maxi competitions. The shapes of the hull are characterized by a reduced wet surface and at the same time by high stability of form, both components determining the performance. The lifting keel (4.5 to 2.8 m), makes the Ice 70 easier to use when cruising and at the same time improves performance and stability when sailing or racing. 

ICE 70, the exteriors

The deck is the result of an ergonomic and functional study, with a single cockpit, deep enough to increase security. The deck of the Ice 70 is characterized by a squared, flat and slender deckhouse, with large double-layer glass windows, from which the light that illuminates the entire “raised” living room diffuses.

The cockpit benches are wide and made even more comfortable by the possibility of fixing water-repellent cushions made “by design”, which can be removable and easily stowed in the garage, which also has two entrances from the cockpit.

The deck equipment is laid out in a simple and traditional way: the primary winches and mainsail winches located in a backward position, easily reachable both by the crew and by the helmsman; the mainsail halyard is also remoted near to the aft winches so as to allow it to be hoisted directly staying at the wheel.

It’s interesting to consider all the machinery, such as the main engine, the bow, and stern truster, the anchor and mooring winch, all the hydraulic rams, including the one that operates the lifting keel, and the full deck lighting system can be operated from the console.

The ICE 70 is equipped with a carbon bowsprit, which allows you to tack a gennaker, a zero code as well as being used as anchor arm. The transom is openable to give access to the large garage, in which you can stow a tender of and many other items needed on board.

ICE 70, the interiors

The bow is a dedicated area to the master cabin, large and elegant with a master bathroom complete with shower and sauna all covered in teak and with a study, and to the guest area consisting of a cabin with double bed and large wardrobes and a dedicated bathroom.

The aft area, organized with the captain’s cabin, communicating with the kitchen area, is completely independent in order to guarantee considerable privacy for the owner and his guests. Typical configuration of maxi yachts of greater dimensions that allows complete privacy between the owner and crew. 

The wood veneers used in the furnishing of this first model are natural teak. The inserts that cover the vertical elements and create a continuum in all living spaces are in natural leather. The yard chose to play with the shades of beige and white for the fabrics, with some nuances for the seats and sofas, thus diversifying the two living areas: that of the lighter living area, that of the TV, a darker gradation, to give to this place of relaxation greater intimacy.

ICE 70 specs

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Ice 70: sailing aboard a Stradivarius. Full Sea trial

The new Ice 70 is one of the most eagerly awaited sailing yachts on the market, and being journalists is not enough to judge it correctly.

To be able to judge a yacht of this kind correctly, you have to have been an owner. An owner who, while intensively loving his own boat, has had the experience that allows him to recognize all those little faults which, in the end, often lead you to want to change it, in constant pursuit of that perfection that all experienced owners desire when they are at sea.

Without having followed this path, it would otherwise be impossible to understand how, climbing on board the new Ice 70, even after an arduous search, our indomitable critical spirit was inevitably replaced by an almost total gratification.

This sailing yacht, in fact, represents a quantum leap forward, both for the boatyard and for the “ Blue water cruiser” segment, which until yesterday was dominated by the large, renowned shipyards of Northern Europe and now has a new example to follow.

Ice Yachts and Umberto Felci have succeeded in synthesizing in this boat the quintessence of seafaring, in an almost perfect balance between performance and seaworthiness, beauty and living spaces, building quality and design.

That’s why the new Ice 70 is, in our opinion, the best “blue water cruiser” we’ve tried in recent years. Let’s find out why.

Ice 70 Sea Trial

I had the opportunity to test this sailing boat at length, twice, under the careful guidance of its captain. He is a man of great experience, both in navigation and construction. This is an essential skill when approaching the construction of an Ice yacht which, as is well known, is essentially built in custom mode.

I am therefore not surprised to find on board a “setting” of rigging aimed at simplifying the handling of this boat which, if desired, can also be steered by its captain single-handed.

Test outing, first impressions

Once I was familiar with the controls, I put my hands on the wheel and, despite the little wind and the rough sea that was plaguing the first day of trials, Thalassa immediately set off upwind , accelerates quickly and reaches wind speed in no time. There are 5/6 knots of true wind and a good meter of wave, conditions that would normally make us suffer, but Thalassa, leaning slightly to one side, grinds away as if nothing had happened. At 40 degrees from apparent, the boat accelerates noticeably and exceeds the wind speed by half a knot. The prerequisites for a really good time in optimal conditions are all there.

But it’s her ability to cut through the waves without slowing down that amazes me, as well as her natural tendency not to roll, even when motoring. I make a mental note of these characteristics as we head back to the port. This was a test outing, designed solely to rig the sails for the first time; we’ll be back on board in a few days, with the boat in perfect condition.

Second outing, today it’s for real

We come back one

board after a few days and find the Ice 70 in perfect condition. The bowsprit is already rigged with the rolling Code 0 and there are 7/8 knots of stable wind outside, the sea is slightly rough. We get out of the mooring in no time at all thanks to the two manoeuvring thrusters (bow and stern) and, just as quickly, the furling mainsail in the boom goes aloft, we bear away, unroll the jib and we go.

I bear away to get her up to speed and Thalassa takes off like a rocket.

Don’t get me wrong, she doesn’t start off like a racing boat that swerves and accelerates in a nervous manner. She reacts more progressively, without exasperation, in a perfect overall balance, as a true blue water cruiser should know how to do. In no time, though, we’re already at 8 knots , which, considering the wind speed and the size of the jib, is a lot…

I sail close to the wind and the inclination increases. At 30 degrees, we sail at 7.4 knots with less than 8 of true wind. The feeling is that we can go anywhere in these conditions, the Ice 70 glides over the water and cuts through the waves without slowing down , sailing with impressive stability and consistency.

even closer the wind, it’s very simple, I press the pusher that moves the traveler upwind, I give the jib a squeeze and….and Thalassa does not stop, at 20 degrees from the apparent we are still sailing att 6.6 knots, the boat is heeling but doesn’t seem to get nervous, the rudder remains neutral and I am once again impressed by the performance of this boat.

The retractable (Cariboni-branded) keel takes the draught from 2.8 to an impressive 4.5 metres and, both upwind and in terms of stability, makes a real difference, especially when combined with a rudder as deep as this one (2.8 metres).

I bear away, close the jib, open the Code O and it’s like putting the turbo on. The Thalassa passes the wind speed by quite a bit and kicks into high gear. We are constantly flying at well over 8 knots , almost reaching 9 knots on more than one occasion. The speed is high, but what continues to impress me is the stability and calmness with which we move on board in these conditions.

I reluctantly leave the helm to the next journalist and sit down to write my impressions in my notebook. I smile as the first words appear which, perhaps a little abruptly, best describe the summary of these two days of testing.

“Careful northern shipyards, so dormant in your prestige you didn’t realize that they were happily passing you from downwind.”

Because this new Ice 70, let’s say it without revential fear. sails and is built much better than anything we have tried so far.

About the new Ice 70

While every Ice Yacht is different due to custom construction, Thalassa was built entirely around the specifications of her lucky owner.

Built in composite using the infusion technology, the new Ice 70 makes extensive use of carbon fibre for the hull, deck and structures, thus guaranteeing great sturdiness and remarkable safety coefficients. Insulation and soundproofing are excellent, and when you go below deck during navigation the sensation of peace and silence is maximum, you can barely hear the lapping of the waves.

The fully retractable dodger and the carbon bimini, specifically requested by the owner, are remarkable. The bimini is made from two aerodynamically profiled carbon arches and has internal lighting. The cockpit benches are oversized and, taking advantage of the inclination of the raised saloon, offer two chaises longues that defining comfortable would be an understatement.

The sail/deck plan is simply perfect: self tacking staysail, low overlap jib and structural deflector on which to rig the Code 0 or a large gennaker. This equipment, combined with the mainsail furling in the boom, gives this boat the ability to sail in all weather conditions without effort or risk.Thalassa parte

Concealed beneath the deck, the furlers and mooring winches make it all very simple without compromising the superbly crafted design of this maxi yacht that, again without fear, is truly unrivalled in terms of beauty.

And if the performance had won us over, it is the interior that delivers the definitive coup de grace. The quality of the workmanship is visible everywhere, with the finest woods and leathers used, and a wealth of equipment and accessories. Further proof of unquestionable quality supremacy.

The owner of the Thalassa here demonstrates excellent taste and extensive nautical experience.

On the one hand, the colour combinations which, while remaining modern, retain a taste for maritime art that is clearly visible here and, which I fully support, still gives you the certainty of being on a boat and not in the minimalist room of a five-star hotel.

On the other hand, the configuration of the interiors that use the entire aft section of the boat to accommodate the galley, the crew quarters and an undoubtedly useful day toilet.

The galley is U-shaped and is the envy of a villa’s one. It is the focal point of life on board, connected directly to the crew quarters via an internal passageway, thus creating a circulation on board worthy of a superyacht.

The dinette is endless and takes advantage of the maximum beam to offer plenty of sofas and seating. The use of the retractable centreboard bulkhead is ingenious, as it is used both to create a second private lounge (from which it is possible to watch the big screen television) and to delimit the boundaries of the VIP cabin, equipped with private head and separate shower.

But it’s the owner’s flat that really astonishes us. The hallway leads to the starboard side to the private bathroom which, as you’d expect, is more than generous in size and has a separate shower with a “Finnish sauna” type seat. Continuing to port there is a small private office which, equipped with a swivel chair, dedicated bookcases and a display replicating the on-board plotters, creates an environment as beautiful as it is useful. Behind it is the owner’s King Size bed, which is enormous and surrounded by niches and windows.

Technical Specs

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ICE 70 Grand Comfort: pleasure takes centre stage

A new launch is in the pipeline for the ICE Yachts shipyard, which at the end of next month will put its latest model in the water: the ICE 70 Grand Comfort.

An evolution of the two previous models, the latest addition further continues the yard’s expansion, taking the key concepts of these boats – namely quality and comfort – higher and higher. Once again, this 70-footer stems from the collaboration, already successfully tested for the two predecessors, with the Felci Yacht Design studio and the ICE Yachts technical staff.

The spaces on the ICE 70 GC have an extra gear, and it is precisely on this aspect that the yard has put particular attention to further improve the 70 footer. Let’s see how…

ICE Yacht 70 Grand Comfort: exterior design

The deck, studied down to the smallest detail, is a perfect balance between the needs of relaxed cruising and racing life, which requires space, safety and efficiency. The maxi dodger and the two bimini are particularly elegant and functionally protect the cockpit area.

The stern garage can accommodate a rigid-keel tender of over 3 metres. There is also a small carbon crane, for which the yard holds the exclusive patent, to facilitate loading/unloading the shadow boat. The folding transom is large and easily accessible.

In the aft area is the captain’s cabin with en-suite facilities and the U-shaped galley, directly connected to each other but at the same time separated from the main saloon. In the centre of the boat is the saloon with a large dinette and dining table on the port side, while on the starboard side is another relaxation area with another sofa.

Ensuring the important performance of the ICE 70 GC is the Yanmar 230 HP engine that enables fast sailing in no wind, although as mentioned before, this yacht can also sail in the lowest winds.

What to say about this new ICE Yachts jewel… the craftsmanship and meticulous attention to detail of the yard in building these custom yachts is impressive, the quality and space on board is truly breathtaking, and all that is left is the desire to see it being built and test it, as soon as possible.

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ICE Yachts ICE 70

Elegant design, in the style choices, harmonious both internally and externally, in which classic and modern style elements are based, thus emphasizing exclusivity and refinement.

69'8"/ 21,30 m.

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2021 Ice Yachts Ice 70

Ice yachts ice 70.

Ice 70 is a boat Model part of the manufacturer Ice Yachts, under the category of sloop. YachtFocus currently has 1 Ice Yachts Ice 70 boats for sale, including 1 used boats listed by both private sellers and professional boat dealerships.

The oldest boat listed on YachtFocus was built in 2021, and the youngest was built in 2021. The prices range from to .

Other related boats from the same Ice Yachts are: ICE 33, Vallicelli 80, ice cat 67, AVC 80’ cutter and ICE 60.

What are Ice Yachts Ice 70 boats used for?

Ice Yachts Ice 70 models are typically used for a variety of commercial and recreational boating activities.

Ice Yachts Ice 70 new and used boats

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ICE 70 - ICE YACHTS

Specifications

• All Specifications

Basic Information

Builder: ICE YACHTS Category: Cruising Sailboat Model Year: 2021 Year Built: 2021

LOA: 69' 11" (21.3mm) LWL: 65' (19.8mm) Beam: 18.89 Min Draft: 9' 3" (2.8mm) Max Draft: 14' 10" (4.5mm)

Speed, Capacities and Weight

Water Capacity: 1100 Gallons Fuel Capacity: 317 Gallons

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Hull Material: Fiberglass Sandwich

Engine Information

Engines: 1 Manufacturer: Yanmar

Yacht name «ICE 70» – ICE YACHTS

Cruising Sailboat  «ICE 70» built by manufacturer ICE YACHTS in 2021 — available for sale. If you are looking to buy a yacht «ICE 70» or need additional information on the purchase price of this ICE YACHTS, please call: +1-954-274-4435 (USA)

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River Cruise on Luxurious Radisson Boat

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Equipped with ice-breaking technology, these huge fancy yachts are the only river cruisers running all year around. The round trip journey takes two and a half hours and floats past all the big sights like the White House, Novodevichy monastery and the Kremlin. There’s a large open air observation deck up top, while the main body of the ship houses a restaurant with a dance floor for a romantic post dinner dance. For a particularly romantic experience take one of the evening boats and admire the bright lights of the city skyline at night.

The most relaxing and picturesque tour that Moscow can offer: a great way to see the city center and its main attractions. This is a perfect alternative to exploring the city by car, if you only have time to do sightseeing during weekday rush hours.

Your English-speaking guide is eager to share every bit of their knowledge about the surrounding landscape, the architecture and historical details.

We conduct Moscow river tour on Radisson Flotilla boats all year around!  It’s warm inside during winter months, while there’s air conditioning during hot summer days. You may also treat yourself to drinks, lunch or dinner on board (drinks and food are not included in tour price).

The cost of an excursion with a personal guide for 1 person

Quay at Radisson Collection Hotel

Government Headquarters ("the White House")

Kievsky Railway Central

Novodevichy Convent

Luzhniki Stadium

Academy of Sciences

Monument to Peter I

Cathedral of Christ the Saviour

Moscow Kremlin

St.Basil's Cathedral

Novospassky Monastery

U-turn and back to Quay at Radisson Royal Hotel

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News & Insights

Coffee Prices Supported by Weather Concerns in Brazil and Vietnam

April 25, 2024 — 01:46 pm EDT

Written by Rich Asplund for Barchart  ->

July arabica coffee ( KCN24 ) this morning is up +2.70 (+1.20%), and July ICE robusta coffee ( RMN24 ) is up +61 (+1.43%).

Coffee prices this morning are moderately higher, with July robusta posting a new contract high.  Robusta coffee prices are seeing support from concern about tight robusta supplies from Vietnam.  Dry conditions in Brazil are supporting arabica coffee prices.

Last Thursday, arabica coffee posted a new 2-year high, and on Wednesday, nearest-futures (K24) robusta coffee posted a new all-time high.  Coffee prices have surged over the past two months due to crop concerns in Brazil and Vietnam.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 7.6 mm of rainfall in the past week, or 58% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.  Robusta coffee continues to surge to new record highs on fears that excessive dryness in Vietnam will limit the country's robusta coffee production.

Tight robusta coffee supplies from Vietnam, the world's largest producer of robusta coffee beans, are a major bullish factor.  On March 26, Vietnam's agriculture department projected that Vietnam's coffee production in the 2023/24 crop year could drop by -20% to 1.472 MMT, the smallest crop in four years, due to drought.  Also, the Vietnam Coffee Association said that Vietnam's 2023/24 coffee exports could drop -20% y/y to 1.336 MM.  In addition, Marex Group Plc forecasts a global 2024/25 robusta coffee deficit of -2.7 million bags due to reduced output in Vietnam.

Fund buying has supported this month's surge in coffee prices.  Last Friday's weekly Commitment of Traders (COT) report showed funds boosted their long arabica coffee positions by 4,926 net-long positions to a record 71,811 in the week ended April 16.  However, the record-long position could also exacerbate long liquidation pressures in a price downturn.

Coffee inventories have rebounded from historically low levels.  ICE-monitored robusta coffee inventories on February 21 fell to a record low of 1,958 lots, although they recovered to a 4-1/2 month high Tuesday of 3,711 lots.  Also, ICE-monitored arabica coffee inventories fell to a 24-year low of 224,066 bags on November 30, but they recovered to an 11-1/2 month high Wednesday of 652,672 bags.

There has recently been some bearish export news.  Cecafe reported on April 10 that Brazil's Mar green coffee exports jumped +41% y/y to 3.9 million bags.  Brazil is the world's largest producer of arabica coffee beans.  Also, Brazil's exporter group Comexim, on February 1, raised its Brazil 2023/24 coffee export estimate to 44.9 million bags from a previous estimate of 41.5 million bags.  The International Coffee Association (ICO) last Monday reported that global coffee exports in Feb rose +6.8% y/y to 11.33 million bags, and total 2023/24 global coffee exports from Oct-Feb rose +11.1% y/y to 56.2 million bags.  In a bearish factor for robusta, Vietnam's General Department of Customs reported on April 9 that Vietnam's Mar coffee exports rose +17.7% m/m to 188,972 MT.  Also, Vietnam's Q1 coffee exports rose +5.9% y/y to 585,696 MT.  

This past year's El Nino weather event is bullish for coffee prices.  An El Nino pattern typically brings heavy rain to Brazil and drought to India, negatively impacting coffee crop production.  The El Nino event has brought drought to Vietnam's coffee areas this year, according to an official from Vietnam's Institute of Meteorology, Hydrology, and Climate Change.

In a bearish factor, the International Coffee Organization (ICO) projected on December 5 that 2023/24 global coffee production would climb +5.8% y/y to 178 million bags due to an exceptional off-biennial crop year.  ICO also projects global 2023/24 coffee consumption will rise +2.2% y/y to 177 million bags, resulting in a 1 million bag coffee surplus.

The USDA's Foreign Agriculture Service (FAS), in its biannual report released on December 21, projected that world coffee production in 2023/24 will increase +4.2% y/y to 171.4 million bags, with a +10.7% increase in arabica production to 97.3 million bags, and a -3.3% decline in robusta production to 74.1 million bags.  The USDA's FAS forecasts that 2023/24 ending stocks will fall by -4.0% to 26.5 million bags from 27.6 million bags in 2022-23.  The USDA's FAS projects that Brazil's 2023/24 arabica production would climb +12.8% y/y to 44.9 mln bags due to higher yields and increased planted acreage.  The USDA's FAS also forecasts that 2023/24 coffee production in Colombia, the world's second-largest arabica producer, will climb +7.5% y/y to 11.5 mln bags. 

More Coffee News from Barchart

• Will Wheat, Soybean, and Corn Prices Continue to Rally? Or is This Just Short Covering?
• Sugar Prices Finish Higher on Consolidation After Recent Losses
• Cocoa Prices End Sharply Higher as Global Supplies Expected to Remain Tight
• Robusta Coffee Posts a New Record High on Coffee Crop Concerns in Vietnam

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Restaurant-Yacht Chaika

Ratings and reviews, location and contact.

Pleasantly surprised, service is good so is the food. Great selection of Fusion food, a mixture of Italian, Japanese, European, Asian etc. A pleasantly nice dining experience, highly recommended, a must try!

Thank you for your feedback and invite you to have lunch or dinner again aboard the ship in an atmosphere of high standards of yacht hospitality.

everything was perfect - the food, the service, the desserts were the best, nice atmosphere and the location - magical

Best food, best view in Moscow. absolutely faultless from arrival to finish. Best risotto i had for many years absolutely perfectly cooked. The view on Ukrainian hotel and the white house by night is amazing

Had to wait for the food for 1.5 hours and then another 20 minutes for the check. Finally called for the manager and he offered... a 10% discount as a compensation. Simply pathetic! The food is mediocre at best. Not bad per se, but one... would expect something better considering the prices. There are many places to eat in area that are much better. Avoid this one at all costs. More

Hello, Alexander Your comment is extremely important for us, thank you a lot for it. We are terribly sorry for your time that you`ve spent waiting your order and we have already taken actions to improve quality of our service and it would be realy... More

Food is very expensive,very pretentious, doesn't worth that money. Portions are very small. We ordered ravioli and there were 4! Four raviolis! For almost 15 euros. Then we asked to bring us dessert menu but nothing, they didn't even bothered, so we payed and left... without dessert. Very poor service for that price. More

This is a very good restaurant. The food is really good, maybe the best in Moscow. The service is also good. The view from the restaurant is great. The prices are very high.

I often visit this restaurant and must say it’s one of the best in Moscow in terms of quality and service. Staff really try hard to make sure that you are happy and satisfied. Customer service is a huge problem in Moscow but Chaika sets... a great example for others in the industry! Food is delicious and the menu has lots of options for everyone! Atmosphere is great and view is beautiful on the embankment. Special thanks to German & Oleg! More

Thank you for your feedback! Again aboard the yacht restaurant "Chaika" in accordance with the high standards of yacht hospitality.

Highly recommended, great location in the city center of Moscow with a superb atmosphere. Too many menu choices, though all delicious!

Thx a lot for your review! We are looking forward to see you in our restaurants.

Visited this lovely restaurant with a friend of mine. It was relaxingly warm August evening - so the place on the river seemed like a good idea. We came quite early and the restaurant was not full. The hostesses kindly offered several places to sit... and we chose to sit on the sofas. We had some wine, which was good. We struggled a bit when deciding about the food as few options (scallops) were not available. Fish on ice on display did not look very fresh. To be honest it was an unusually hot August and it is probably understandable that some see food options were not available. However, we did manage to order something and sat waiting and looking onto the river. My long-legged friend struggled sitting at the low sofa and the manager noticed that, offering as a very good, proper table beside the open window. It was nice touch and I was very pleased by their polite observations and immediate reaction to solve the problem. Food was quite good and presentation was perfect. Perhaps I can something about the food, but 1 visit is not enough to criticize or make a definitive opinion. Overall, quality place, which of course, does not come cheap. I would recommend this restaurant without hesitation. More

Good afternoon! Thank you for your detailed feedback! We are looking forward to seeing you again, we are sure that you will be delighted with our dishes!

I've been here several times during two business trip in Moscow. The overall quality for both service and food is absolutely top-notch, plus the location is very unique.

Hello! Thank you for your feedback! We are looking forward to visiting again!

Located on a boat at Krasnopresenskaya River Bank this 5 Star Restaurant transforms into a party location due to multiple groups hosting events. Impressive wine selection, Asian and European kitchen...

Thx a lot! We are waiting for you!

It is a nice place to gather specially at the lounge The service and staff very good I like the river view The food is almost like all restaurants in Russia they serve different cuisine. Staring Russian appetizer till Asian dishes Presentation and taste amazing... I consider it overpriced little bit More

Good location. Nice views. Good choice of food and drinks. European and Asian menu. Nice service. Pricey enough.

Had a large group dinner here. Food was above average and service quite good. The real attraction is the view of Moscow from the river on a nice night. Great place for a larger group dinner. More

Hello, John We are really pleased by reading that you and your friends were satisfied by our service, client`s experience is the highest value for us. We will be happy to see you again, come and enjoy some new dishes from our chef and nice... More

The luxurious atmosphere of this place, the view and the location make it quite outstanding. We had dinner here with friends and the dishes were amazing, accompanied by a chilled bottle of Chablis, it really made me feel as if it was a part of... the classic Russian movie. More

RESTAURANT-YACHT CHAIKA, Moscow - Presnensky - Menu, Prices & Restaurant Reviews - Tripadvisor

• Service: 4.5
• Atmosphere: 4.5

Coffee Prices Supported by Weather Concerns in Brazil and Vietnam

July arabica coffee ( KCN24 ) this morning is up +2.70 (+1.20%), and July ICE robusta coffee ( RMN24 ) is up +61 (+1.43%).

Coffee prices this morning are moderately higher, with July robusta posting a new contract high. Robusta coffee prices are seeing support from concern about tight robusta supplies from Vietnam. Dry conditions in Brazil are supporting arabica coffee prices.

Last Thursday, arabica coffee posted a new 2-year high, and on Wednesday, nearest-futures (K24) robusta coffee posted a new all-time high. Coffee prices have surged over the past two months due to crop concerns in Brazil and Vietnam. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 7.6 mm of rainfall in the past week, or 58% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop. Robusta coffee continues to surge to new record highs on fears that excessive dryness in Vietnam will limit the country's robusta coffee production.

Tight robusta coffee supplies from Vietnam, the world's largest producer of robusta coffee beans, are a major bullish factor. On March 26, Vietnam's agriculture department projected that Vietnam's coffee production in the 2023/24 crop year could drop by -20% to 1.472 MMT, the smallest crop in four years, due to drought. Also, the Vietnam Coffee Association said that Vietnam's 2023/24 coffee exports could drop -20% y/y to 1.336 MM. In addition, Marex Group Plc forecasts a global 2024/25 robusta coffee deficit of -2.7 million bags due to reduced output in Vietnam.

Fund buying has supported this month's surge in coffee prices. Last Friday's weekly Commitment of Traders (COT) report showed funds boosted their long arabica coffee positions by 4,926 net-long positions to a record 71,811 in the week ended April 16. However, the record-long position could also exacerbate long liquidation pressures in a price downturn.

Coffee inventories have rebounded from historically low levels. ICE-monitored robusta coffee inventories on February 21 fell to a record low of 1,958 lots, although they recovered to a 4-1/2 month high Tuesday of 3,711 lots. Also, ICE-monitored arabica coffee inventories fell to a 24-year low of 224,066 bags on November 30, but they recovered to an 11-1/2 month high Wednesday of 652,672 bags.

There has recently been some bearish export news. Cecafe reported on April 10 that Brazil's Mar green coffee exports jumped +41% y/y to 3.9 million bags. Brazil is the world's largest producer of arabica coffee beans. Also, Brazil's exporter group Comexim, on February 1, raised its Brazil 2023/24 coffee export estimate to 44.9 million bags from a previous estimate of 41.5 million bags. The International Coffee Association (ICO) last Monday reported that global coffee exports in Feb rose +6.8% y/y to 11.33 million bags, and total 2023/24 global coffee exports from Oct-Feb rose +11.1% y/y to 56.2 million bags. In a bearish factor for robusta, Vietnam's General Department of Customs reported on April 9 that Vietnam's Mar coffee exports rose +17.7% m/m to 188,972 MT. Also, Vietnam's Q1 coffee exports rose +5.9% y/y to 585,696 MT.

This past year's El Nino weather event is bullish for coffee prices. An El Nino pattern typically brings heavy rain to Brazil and drought to India, negatively impacting coffee crop production. The El Nino event has brought drought to Vietnam's coffee areas this year, according to an official from Vietnam's Institute of Meteorology, Hydrology, and Climate Change.

In a bearish factor, the International Coffee Organization (ICO) projected on December 5 that 2023/24 global coffee production would climb +5.8% y/y to 178 million bags due to an exceptional off-biennial crop year. ICO also projects global 2023/24 coffee consumption will rise +2.2% y/y to 177 million bags, resulting in a 1 million bag coffee surplus.

The USDA's Foreign Agriculture Service (FAS), in its biannual report released on December 21, projected that world coffee production in 2023/24 will increase +4.2% y/y to 171.4 million bags, with a +10.7% increase in arabica production to 97.3 million bags, and a -3.3% decline in robusta production to 74.1 million bags. The USDA's FAS forecasts that 2023/24 ending stocks will fall by -4.0% to 26.5 million bags from 27.6 million bags in 2022-23. The USDA's FAS projects that Brazil's 2023/24 arabica production would climb +12.8% y/y to 44.9 mln bags due to higher yields and increased planted acreage. The USDA's FAS also forecasts that 2023/24 coffee production in Colombia, the world's second-largest arabica producer, will climb +7.5% y/y to 11.5 mln bags.

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.