Coffee stocks are registering gains on the B3 and Nymex this Friday morning.

At 10:14 am (Brasilia time) this Friday (24), the May contract for Arabica coffee traded on Brazilian Stock Exchange (B3) It registered a slight increase of 0.26%, quoted at US$ 397.95 per 60 kg bag. The July contract advanced 1.31%, to US$ 375.30/bag. New York Mercantile Exchange (Nymex)The May contract rose 0.22% to US$317.05/sc, while the July contract gained 1.83%, quoted at US$305.85/sc. This morning, market agents are reacting to the new weather projections for the Southeast region of Brazil. According to projections from the European ECMWF model, the next few days should be marked by predominantly dry weather, temperatures above 30°C and relative humidity below 30%. A cold front expected for the weekend should bring temporary relief in temperatures between Monday (27) and Tuesday (28), but the heat tends to return afterwards. Rain is forecast in São Paulo between Tuesday and Wednesday (29), with accumulations of 20 to 30 mm, while in Minas Gerais dry weather should persist at least until the beginning of May.

This text was translated by machine from Brazilian Portuguese.