Coffee Report - September 13th

The coffee market continues to be fluid and had a day of adjustments in NY and London

Without major changes in fundamentals, the Arabica coffee futures market ended trading this Tuesday (12) with technical adjustments to the main references on the New York Stock Exchange (ICE Future US).

After starting the week with appreciation supported by stocks certified at ICE and supported by the exchange rate, the appreciation of the dollar against the real this Tuesday (12) weighed on coffee prices in the international market, in addition to the readjustment in quotations after an increase of more than 2%.

"Additionally, a slight recovery in Robusta coffee stocks is weighing on Robusta prices, after Robusta coffee stocks monitored by ICE rose on Monday to the highest level in two and a half weeks, " adds the analysis from Barchart international website. The market also continues to monitor preparations for the Vietnam harvest, which should begin in the coming weeks and could put pressure on prices in

London.

In the physical market, the scenario has not changed compared to the last few days. The producer remains resistant to selling to the purchasing end and in a way also waits for other price levels.

Source: Noticias Agrícolas