Coffee Report - October 25th

With a new low in certified stocks and producers still withdrawn, coffee has new highs

The Arabica coffee futures market ended another session with appreciation for the main contracts this Tuesday (24) on the New York Stock Exchange (ICE Future US).

"The reduction in coffee stocks supports coffee prices, as stocks of arabica coffee monitored by ICE fell on Tuesday to the lowest level in 11 and a half months, of 410,171 bags", highlighted the analysis by the international website Barchat . It is worth noting that since the week the market has seen the certificate stock decline.

Despite the appreciation in prices, the Brazilian producer is still resilient and closes deals only as they make cash. Concerns about high temperatures remain on the radar, despite models indicating conditions for rain in the coming days in Brazil's main production areas.

In Brazil, the physical market followed and ended with appreciation in the country's main sales areas.

Source: Noticias Agrícolas