Coffee Market on the Rise: Robusta and Arabica Prices Continue to Soar

There was a notable increase in robusta coffee prices on the London Stock Exchange during Tuesday (2), indicating a promising upward trend. This continued rise is particularly relevant due to our involvement in the coffee market, as it reflects the resumption of negotiations and the more conservative stance adopted by Vietnam, the leading global producer of robusta coffee, which is limiting its market participation. With restricted supply and projections of a decline in production for the 2023/24 crop year, we have witnessed a significant advance in coffee prices, with the benchmark contract advancing nearly US$ 200 per ton.

Moreover, it is important to highlight that this upward trend is not limited to robusta coffee alone but also extends to arabica coffee on the New York terminal. Contracts for different months showed significant increases, signaling a general appreciation in the coffee market. These movements have direct implications on our operations, as we remain vigilant of international market dynamics to adjust our strategies and ensure the best for our customers and producer partners.

In light of these developments, we reaffirm our commitment to providing support and guidance to Brazilian producers, helping them navigate the complexities of the coffee market and make informed decisions. EllerS Coffee recognizes the importance of staying ahead of market trends, and we are committed to keeping our clients updated and prepared to face challenges and seize opportunities as they arise.

Source: Notícias Agrícolas