At 10:17 am (Brasilia time) this Monday (20), the September contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price was down moderately by 0.57%, quoted at US$382.65 per 60 kg bag. The December contract was down 0.20%, at US$369.95/bag. New York Mercantile Exchange (Nymex)The assets showed opposite directions, with a 0.22% drop for the September contract, quoted at US$ 319.60/sc, but a 0.44% increase for the December contract, at US$ 305.15/sc. This morning, agents continue to monitor the progress of the harvest in Brazil, as they assess the effects of weather on the region. The forecast of dry weather in most of the country's producing regions should favor fieldwork and increase the supply of the new crop in the coming weeks.
This text was translated by machine from Brazilian Portuguese.