The coffee market ends the week with adjustments and expectations of rain in Vietnam

The arabica coffee futures market closed the week with further price adjustments, both in London and New York, driven by prospects for rain in Vietnam. July/24 led the declines, losing 535 points and reaching 200.75 cents/lb, while September/24, December/24, and March/25 also recorded significant declines. The accumulated devaluation over the week was 10.56%. In the London market, robusta followed the trend, with significant declines in all contracts.

Data from the International Coffee Organization (ICO) also influenced, indicating an 8% increase in global coffee exports. Meanwhile, in Brazil, the main trading centers ended with devaluation, reflecting pressure from the international market.

Analysts interviewed by Notícias Agrícolas highlighted that, although the expected rains in Vietnam bring relief to coffee-growing areas, they may not fully recover the plant's productive potential. Models indicate good rains in some areas, but irregularity remains a concern. Additionally, high temperatures continue to be monitored by the sector. Meanwhile, the recovery in coffee supply from the ICE also alleviated concerns about supply, affecting coffee prices. In Brazil, the physical market followed the trend, ending with devaluation in the main centers.

Source: Notícias Agrícolas