Arabica coffee: Slight upsides and attention to weather conditions

The Arabica coffee futures market kicked off the week with minor gains, showing signs of stability on the New York Stock Exchange (ICE Future US). Contracts for May, July, September, and December 2024 saw increases of 80, 90, 95, and 105 points, respectively, reflecting continued attention to weather conditions in Brazil. Global demand also acts as a supportive factor, with expectations of warming as the global economy recovers.

On the domestic front, the moment remains favorable for Arabica coffee producers, with a focus on exchange relationships ahead of the next harvest. While stability is encouraging, volatility is still expected until the start of the Brazilian harvest. Meanwhile, in London, robusta coffee saw more significant advances, still driven by concerns over supply.

In Brazil, major trading centers experienced few changes in coffee prices. There were notably modest fluctuations in the prices of type 6 hard-bean Arabica and peeled cherry coffee, with declines in some regions and slight increases in others, reflecting the local market dynamics.

Source: Notícias Agrícolas