Concern about climate and supply in Asia once again supports appreciation

After a few sessions of devaluation, the Arabica coffee futures market had a day of respite and, supported by concerns about Asia, it closed trading this Tuesday (9) with an increase of 1.49%.

"Arabica coffee prices are supported by concerns that recent dry weather in Brazil could harm coffee harvests. Somar Meteorologia reported on Monday that Brazil's Minas Gerais region received just 42.4 mm of rain in last week, or 60% of the historical average", highlighted the analysis by the international website Barchart.

The concern is similar to what producers have reported to Notícias Agrícolas daily. The rains arrived, but irregularly and without reaching the entire coffee plantation. Furthermore, temperatures continue to be above average, which increases concerns not only for 2024, but also for plant growth already looking at 2025.

In London, the conilon type also advanced. The Vietnamese producer has participated less in the market, despite the appreciation. March/24 had an increase of US$ 47 per ton, traded for US$ 2932, May/24 had an increase of US$ 40 per ton, worth US$ 2830, July/24 increased US$ 41 per ton, quoted for US$ 2758 and September/24 had an increase of US$ 39 per ton, worth US$ 2708.

In Brazil, the physical market followed and ended with appreciation in the country's main sales areas.

Source: Notícias Agrícolas