Coffee Report - September 11th

Arabica has pressure this week with the harvest advancing in Brazil and conilon has price adjustments

The Arabica coffee futures market ended the last trading session of the week with devaluation for the main contracts on the New York Stock Exchange (ICE Future US).

"The harvest has triggered some coffee sales on the spot market, as Brazilian coffee growers sell their current stocks to make room for newly harvested coffee, "highlighted the international analysis on the Barchart website.

Even so, the week was still marked by slower business, also due to the September 7th holiday. The producer is waiting for new price levels, but analysts are emphatic in saying that they need to participate in the market so that the margin does not become even narrower, as the tendency is for pressure with the arrival of the Brazilian harvest.

The week was also marked by weather conditions in Brazil. The rains of the last few days have raised some concerns regarding the final stretch of Brazil's harvest - with more than 90% of the area already harvested. In addition to El Niño, which remains on the radar and could bring new ups and downs to prices.

"The drop in coffee stocks supports prices. Arabica coffee stocks monitored by ICE fell on Friday to 450,153 bags, the lowest level in nine months and three months" , complements the international analysis.

Source: Notícias Agrícolas