Coffee Report - October 27th

Futures market ends this 5th session with devaluations on the New York Stock Exchange

Coffee future prices ended this Thursday's session (26) with devaluations on the New York Stock Exchanges (ICE Future US). In this session, coffee prices worked with fluctuations.

According to information from Reuters International, arabica prices have been supported by logistical issues in the largest producer, Brazil, but dealers said that the development of the Brazilian crop is excellent and expectations for the next harvest remain positive.

As for information from Barchart, the drop in prices was mainly caused by the long liquidation pressure after the 2-week recovery. Coffee prices in New York were also pressured by the slight rise in the dollar.

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 a drop of 1.19% in the region of Espírito Santo do Pinhal/SP and ended the day trading at R$ 830.00 per bag.

Source: Noticias Agrícolas