Coffee Report - October 10th

Arabica has stability, but conilon declines with Vietnam harvest

The week started with stability for coffee prices on the New York Stock Exchange (ICE Future US). With no new fundamentals, the market showed volatility, but ended the day with stable prices. On the London Stock Exchange, the start of the Vientã harvest once again put pressure on conilon prices.

Over the past two weeks, improving weather conditions in Brazil have led to the selling of coffee futures by funds and dropped Arabica coffee prices to their lowest level in nine months last Friday. In the field, producers remain withdrawn and business continues at a slower pace than usual.

Even with price adjustments, the scenario remains favorable for Brazilian coffee and the expectation is that the country will continue to ship significant volumes of conilon, as it is more competitive in the market.

In Brazil, the day was marked by stability in the

country's main commercial areas.

Source: Notícias Agrícolas