At 10:46 am (Brasilia time) this Monday (15), the July contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price was stable, quoted at US$315.00 per 60 kg bag. Meanwhile, the September contract rose sharply by 1.86%, to US$312.45/bag. New York Mercantile Exchange (Nymex)The equivalent assets showed gains of 1.56% and 1.68%, quoted at US$ 261.20/sc and US$ 257.65/sc, respectively. This morning, prices were supported by concerns about the weather during the harvest period in Brazil. Although fieldwork is increasing the availability of coffee on the market, agents remain attentive to weather forecasts for the coming weeks, especially given the arrival of winter in the Southern Hemisphere and the risks associated with possible episodes of more intense cold.
This text was translated by machine from Brazilian Portuguese.