At 10:17 am (Brasilia time) this Wednesday (15), the September contract for Arabica coffee traded on Brazilian Stock Exchange (B3) It showed a significant increase of 2.32%, quoted at US$ 397.00 per 60 kg bag. The December contract advanced 2.23%, to US$ 381.00/bag. New York Mercantile Exchange (Nymex)The assets appreciated by 1.93% and 2.09%, quoted at US$ 332.40/sc and US$ 314.45/sc, respectively. This morning, agents are reacting to the devaluation of coffee in the US retail market. The average price of coffee in the US retail market fell again in June, reflecting the weakening of international prices in recent months, given the expectation of a record Brazilian harvest. We highlight, however, that since last week prices have started to rise again, due to technical movements and concerns about the prospect of a super El Niño.
This text was translated by machine from Brazilian Portuguese.