Coffee Report - November 09th

With reduced stocks, future coffee prices close in advance this Wednesday in NY

Coffee future prices ended this Wednesday's session (08) with appreciation on the New York (ICE Future US) and London Stock Exchanges. The market ended the session supported by the reduction in coffee stocks monitored by ICE.

According to information from Barchart, coffee prices rose in this Wednesday's session with arabica registering a new high of 4 and a half months due to the reduction in ICE coffee stocks.

“Arabica coffee stocks monitored by ICE fell on Wednesday to 310,501 bags, the lowest level in 24 years. Meanwhile, Robusta coffee stocks monitored by ICE on Wednesday stood at 4,052 lots, modestly above the record low of 3,374 lots recorded on August 31, ” Barchart reported.

Brazil's Intern market

In the domestic market, coffee prices have little movement in the producing regions monitored by Notícias Agrícolas. In the case of Arabica coffee type 6/7, the price registered an increase of 2.30% in the Guaxupé/MG region and ended the day trading at R$ 890.00 per bag. In Franca/SP, the bag of coffee registered an increase of 2.25% and is priced at R$ 910.00, while in Varginha/MG the appreciation was 3.41% and is priced at R$ 910.00 per get it.

Source: Noticias Agrícolas