At 10:01 am (Brasilia time) this Wednesday (2), the December contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price recorded a significant drop of 2.88%, quoted at US$ 366.30 per 60 kg bag. The March 2027 contract showed a decrease of 2.30%, to US$ 361.40/bag. New York Mercantile Exchange (Nymex)Brazilian assets are trading in negative territory, with a 2.71% devaluation for the December contract, quoted at US$301.05/sc, and a 2.50% drop for the June contract, at US$290.20/sc. This morning, market participants are reacting to new coffee export data from Indonesia. According to government data, the country exported 830,000 bags of coffee in July, a volume 21.51% higher than the previous month and 14.48% higher year-on-year. The volume was also 56.06% above the average for the month over the last five years. Meanwhile, the earthquake that struck Colombia on August 10th caused losses to approximately 11,000 coffee farmers in 120 municipalities across the departments of Valle del Cauca, Risaralda, Caldas, Quindío, Antioquia, and Chocó. The National Federation of Coffee Growers (FNC) of Colombia – the main entity representing the sector – continues to coordinate support efforts and seek to raise funds to assist producers.
This text was translated by machine from Brazilian Portuguese.