Arabica and Robusta Coffee Prices Continue Strong in International Markets

The Arabica coffee futures market experienced another day of price increases in both New York and London. Prices started the day with significant gains, reaching 250 cents/lbp for Arabica, and ended with a 0.53% increase, closing at 246.75 cents/lbp. Robusta also saw an increase of more than 2%, reaching $4576 per ton. This rise in prices is supported by ongoing concerns about the global coffee supply, especially with the Vietnamese harvest not expected until November.

Analysts, including Lúcio Dias, emphasize that Brazil's substantial coffee shipments reflect global demand and challenges faced by other producing regions. Brazil saw a 35% increase in shipments, highlighting its crucial role in global supply. The strength of these shipments indicates that funds are buying in, while the industry is inadequately covered and primarily relying on the Brazilian harvest to meet demand.

In the Brazilian domestic market, the day saw adjustments in key trading areas. The type 6 hard drink had a slight decrease of 0.69% in Guaxupé/MG, traded at R$ 1,430.00, while Poços de Caldas/MG and Franca/SP recorded increases of 1.45% and 1.35%, respectively. The peeled cherry type saw a decrease of 0.66% in Guaxupé/MG, while Poços de Caldas/MG registered a 1.39% increase. These variations reflect global market movements and the need for local adjustments in response to supply and demand dynamics.

Fonte: Notícias Agrícolas