Coffee prices registered a significant drop on the B3 and Nymex on Friday morning.

At 10:03 am (Brasilia time) this Friday (10), the September contract for Arabica coffee traded on Brazilian Stock Exchange (B3) It showed a significant drop of 5.18%, quoted at US$ 381.85 per 60 kg bag. The December contract fell 6.67%, to US$ 364.00/bag. Meanwhile, New York Mercantile Exchange (Nymex)Meanwhile, assets depreciated by 8.38% and 8.14%, quoted at US$ 318.75/sc and US$ 301.50/sc, respectively. That morning, market attention was focused on new El Niño climate projections. NOAA raised the probability of a Super El Niño to 81%, increasing market attention to possible impacts on coffee flowering in Brazil and the development of the next harvest. In the United States, the coffee industry intensified pressure to maintain the tariff exemption for Brazilian coffee, while Lavazza projects that coffee prices should remain high for at least another two years, reflecting a scenario of still tight global supply and high market volatility.

This text was translated by machine from Brazilian Portuguese.