Coffee Report - September 25th

Futures market ends the week with drops on the New York and London Stock Exchange

Coffee references ended the week with devaluations on the New York Stock Exchange (ICE Future US) and London. In this Friday's session (22), coffee prices came under pressure due to information about the Brazilian harvest, in which the heat wave and harvest weighed on the market.

According to information from Barchart, forecasts of rain in Brazil eased concerns about drought and triggered long sell-offs in coffee futures. “Somar Meteorologia reported this Monday that the Minas Gerais region received 2.5 mm of rain last week,” reported Barchart.

Also according to Barchart, Arabica prices also suffered transitional pressure from Wednesday, after Conab raised its estimate for the Brazilian Arabica coffee harvest in 2023 to 38.2 million bags, compared to the forecast for May of 37.9 million bags.

Robusta Coffee

According to Barchart data, Robusta coffee is also under pressure after stocks monitored by ICE rose on Thursday to a five-week high of 4,292 lots.

Brazil's Intern market

In the domestic market, coffee prices registered occasional drops in the producing regions monitored by Notícias Agrícolas.

Source: Notícias Agrícolas