Coffee Market: Price Adjustments and Monitoring of the Brazilian Harvest

Tuesday (16th) marked a day of adjustments in coffee prices both in New York and London, with technical variations prevailing. The market remains attentive to the Brazilian harvest, which is developing well but with smaller beans than the average of recent years. Additionally, the drier weather in Brazil raises concerns for the next harvest cycle, keeping producers and analysts on alert.

Despite the good progress of the current harvest, which reached 66% by July 9th, surpassing last year's 59% and the five-year average of 62%, harvest pressures in Brazil have been negative for prices. In New York, Arabica futures contracts saw slight increases, with the September/24 contract rising by 145 points, while the December/24, March/25, and May/25 contracts also showed gains. In contrast, London experienced declines in Robusta prices, with the September/24, November/24, and January/25 contracts recording small decreases.

In the Brazilian domestic market, stability prevailed in the main trading regions. In Machado/MG, the type 6 hard drink bica corrida saw a slight drop of 1.04%, while other regions such as Guaxupé/MG, Poços de Caldas/MG, and Araguari/MG maintained their prices. The peeled cherry type also remained stable in various locations. This stability in the physical market reflects resistance to external pressures and a focus on maintaining prices in the face of climatic and supply variables.

Source: Notícias Agrícolas