Coffee Market Shows Stability with Few Price Adjustments in New York and London

After a hectic week, the coffee market experienced a day of minor price adjustments at the London and New York terminals. The sector continues to monitor stocks, the Brazilian harvest, and weather conditions in the main producing regions worldwide. In New York, September/24 saw a rise of 45 points, traded at 226.80 cents/lbp, December/24 rose 45 points to 226.80 cents/lbp, March/25 increased by 30 points to 222.85 cents/lbp, and May/25 appreciated by 15 points to 220.95 cents/lbp.

In London, robusta for September/24 fell by $36 per ton, trading at $4011, November/24 dropped by $15 per ton to $3850, January/25 decreased by $11 per ton to $3680, and March/25 depreciated by $9 per ton to $3588. "Arabica recovered its losses on Friday and rose after weather forecasts indicated limited rain in Brazil's coffee-growing regions next week, triggering short covering in arabica coffee futures," added the analysis from the international site Barchart.

In Brazil, the 2024 coffee harvest is in full development. Despite favorable weather conditions for the beverage's quality, high temperatures and dry conditions raise concerns for next year's harvest. It's still too early to talk about negative impacts on the 2025 production, but in several regions, the water deficit is already noteworthy. In the local market, the day was marked by adjustments in some of the main trading areas. Type 6 hard drink coffee saw a rise of 1.45% in Machado/MG, traded at R$ 1,400.00, Campos Gerais/MG appreciated by 0.72% to R$ 1,400.00, and Franca/SP increased by 0.70% to R$ 1,430.00. Peeled cherry type saw an increase only in Campos Gerais/MG, appreciating by 0.69% to R$ 1,460.00.

Source: Notícias Agrícolas