At 9:55 am (Brasilia time) this Wednesday (6), the July contract for Arabica coffee traded on Brazilian Stock Exchange (B3) It recorded a moderate increase of 0.67%, quoted at US$ 358.85 per 60 kg bag. However, the September contract fell 1.10%, to US$ 337.50/bag. New York Mercantile Exchange (Nymex)The July contract was down 0.66%, at US$287.85/sc, while the September contract depreciated 0.71%, quoted at US$278.40/sc. This morning, market participants are assessing different positions regarding the price trend, considering projections of a good harvest in Brazil, low levels of certified stocks on the New York Stock Exchange (ICE Futures), and geopolitical tensions in the Middle East. Regarding international demand, Uganda's Ministry of Agriculture, Animal Industry and Fisheries reported that the country exported 671,150 60kg bags of coffee in March, a 2.9% increase compared to the same month of the previous year, supported by a favorable harvest. In terms of revenue, however, the performance was weaker: the exported value reached US$173.37 million, a 13.56% decrease year-on-year, reflecting the fall in international commodity prices, with the average price reaching US$258.60/bag.
This text was translated by machine from Brazilian Portuguese.