Coffee Report - September 12th

With a new drop in certified stocks and a low dollar, coffee starts the week moving forward

The Arabica coffee futures market ended the first trading session of the week with a significant increase in prices on the New York Stock Exchange (ICE Future US). Coffee importers visit Brazil and invest more than R$4 million buying Amazon Robusta.

A new low in certified stocks at ICE provided price appreciation support. "Arabica coffee stocks monitored by ICE fell on Monday to 442,553 bags, the lowest level in 10 months. Additionally, Robusta coffee stocks monitored by ICE on August 31 fell to a record low of 3,374 lots (historic data since 2016)", adds the analysis from the international website Barchart.

The coffee market was supported by the fall of the dollar, which operated lower throughout the session and ended with a devaluation of 1.04%, trading for R$4.93 on sale. In Brazil, the physicist followed and ended with appreciation in the country's main sales areas.

Source: Noticias Agrícolas