Coffee Report - September 15th

Brazil advances in exports, but exchange rate guarantees new support for appreciation

After opening the day with devaluation in prices, the Arabica coffee futures market returned to operating positively and ended the day with appreciation for the main contracts in the trading session this Thursday (14) on the New York Stock Exchange (ICE Future US ).

Despite recent figures from Brazil, which indicated an increase in exports last month, coffee was supported by the dollar, which fell again against the real this Thursday (14). At 4:06 pm (Brasília time), the currency registered a drop of 0.84%, trading for R$4.88 on sale.

Brazilian coffee exports totaled 3.673 million 60 kg bags in August this year, a volume that implies growth of 29.4% in relation to that recorded in the same month of 2022. In foreign exchange revenue, the increase was 7.5% in the same comparative range, with income obtained from remittances reaching US$723.8 million. Brazil's Intern market

Coffee prices in the domestic market continued without major changes and in most markets monitored by Notícias Agrícolas they remained stable this Thursday (13). For Arabica coffee type 6/7, the value of a bag was R$790.00 in the region of Guaxupé/MG, In Varginha/MG, the price of coffee remained stable at R$810.00

Source: Noticias Agrícolas