At 11:05 am (Brasilia time) this Friday (26), the May contract for Arabica coffee traded on Brazilian Stock Exchange (B3) It showed a moderate decrease of 0.98%, quoted at US$ 403.10 per 60 kg bag. The July contract, however, was stable at US$ 384.90/bag. New York Mercantile Exchange (Nymex)The May contract was down 0.73% at US$305.40/sc, while the July contract was down 0.71%, quoted at US$299.85/sc. This morning, traders were reacting to new data on inventories in the United States and Europe. While in the US there was an increase in certified inventories of Nymex, with 549,710 sacks at yesterday's close, the EFC European coffee prices fell for both Arabica and Robusta in February. Among the varieties, Arabica continues to reach new lows within the recent series for the bloc, while Robusta, although also at historically low levels, presents a relatively less pressured situation. Furthermore, Kenya has partnered with Italy to create a coffee training center at the Coffee Research Institute, in an initiative aimed at strengthening the structural integrity of coffee farming in the African country. The project focuses on increasing productivity, improving bean quality, and enhancing the resilience of production in the face of the impacts of climate change, combining technical training, research, and international cooperation.
This text was translated by machine from Brazilian Portuguese.