At 9:49 am (Brasilia time) this Tuesday (30), the September contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price registered a significant increase of 3.65%, quoted at US$ 340.50 per 60 kg bag. The December contract showed a gain of 3.84%, at US$ 335.15/bag. Meanwhile, New York Mercantile Exchange (Nymex)The assets appreciated by 3.67% and 4.01%, quoted at US$ 288.00/sc and US$ 273.95/sc, respectively. This morning, market participants were reacting to the news that the Arabica coffee harvest in the Cerrado Mineiro region of Brazil is behind schedule compared to last year due to June rains, which slowed the pace of work, hampered the drying of the beans, and increased concerns about the quality of the crop. Internationally, a study by… European Coffee Federation (ECF) He reinforced the importance of Europe to the global coffee chain, highlighting that the bloc remains the largest consumer market for coffee, accounting for about 24% of world consumption, with Brazil and Vietnam as its main suppliers.
This text was translated by machine from Brazilian Portuguese.