Coffee Report - September 20th

Heat wave in Brazil provides new support for coffee appreciation in New York

The Arabica coffee futures market ended trading this Tuesday (19) with appreciation for the main contracts on the New York Stock Exchange (ICE Future US).

The market continues to be supported by concerns about weather conditions in Brazil. The high temperatures predicted for the next few days bring some concern for next year's harvest, in addition to the return of rain, which still appears with considerable uncertainty on the maps.

In the field, producers continue to close deals as they need to raise cash and the pace of the market is still slow compared to recent years.

In Brazil, the physical market ended with only technical variations in some of the country's main sales areas.

Type 6 hard drink bica race had an increase of 1.22% in Guaxupé/MG, traded for R$ 830.00, Machado/MG had an increase of 0.58%, worth R$ 865.00, Varginha/MG had an increase of 1.15%, quoted for R$ 880.00 and Franca/SP had an increase of 2.35%, worth R$ 870.00.

The peeled cherry type increased by 1.13% in Guaxupé/MG, traded for R$ 895.00, Varginha/MG had an appreciation of 1.09%, quoted at R$ 930.00 and Campos Gerais/MG registered an increase of 0.54%, worth R$929.00

Source: Noticias Agrícolas