At 10:17 am (Brasilia time) this Monday (20), the May contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price remained stable, quoted at US$380.00 per 60 kg bag. The July contract also showed no trading, at US$355.00/bag. Meanwhile, in New York Mercantile Exchange (Nymex)The May contract was up 0.97% at US$292.10/sc, while the July contract rose 0.93%, quoted at US$286.90/sc.
Market participants are closely monitoring field activities in Brazil, expecting that the progress of the harvest could increase supply in the short term.
On the other hand, producers should adopt a more cautious stance, monitoring factors such as prices, exchange rates, and margins before moving forward with sales.
This text was translated by machine from Brazilian Portuguese.