Coffee registers a moderate increase on the Nymex this Monday morning.

At 10:12 am (Brasilia time) this Monday (16), the May and July contracts for Arabica coffee traded on Brazilian Stock Exchange (B3) Prices remained stable, quoted at US$383.95/60 kg bag and US$364.35/60 kg bag, respectively. Meanwhile, New York Mercantile Exchange (Nymex)The May contract was up 0.96%, trading at US$287.90/sc; the July contract was up 0.75%, at US$281.45/sc. This morning, market participants remain attentive to… weather conditions in Brazil, the world's largest coffee producer. According to weather maps analyzed by DATAGROThe Southeast region is expected to register heavier rains between Thursday (19) and Friday (20)No northern São Paulo and Minas Gerais, the accumulated amounts can vary between 50 mm and 100 mm until March 23rdwhile in other areas of São Paulo the rainfall should be between 15 mm and 30 mmFor the last week of the month, the forecast indicates more irregular rainfallDespite this, the weather conditions are still considered favorable to crop development, due to the good soil moisture provided by the rainfall recorded in recent weeks.

This text was translated by machine from Brazilian Portuguese.