March/24 saw a drop of 350 points, trading for 189.45 cents/lbp, May/24 saw a drop of 80 points, worth 186.20 cents/lbp, July/24 saw a drop of 35 points, trading for 185.45 cents /lbp and September/24 recorded a drop of 40 points, worth 185.50 cents/lbp.
The weather forecast indicates good rain for the Arabica areas in the coming days and the market is operating under pressure. According to data from the National Institute of Meteorology (Inmet), the action of the South Atlantic Convergence Zone (ZCAS) favors the formation of heavy clouds in Minas Gerais and the state may have accumulated over 50mm in the coming days.
In the opposite direction, the London Stock Exchange closed with appreciation. March/24 had an increase of US$ 25 per ton, traded for US$ 3207, May/24 had an increase of US$ 32 per ton, quoted for US$ 3049, July/24 increased US$ 33 per ton, traded for US$ 2937 and September/24 had an increase of US$ 26 per ton, quoted at US$ 2856.
"Constrained supply supports Robusta coffee prices, with ICE-monitored Robusta coffee stocks near historic lows and Vietnam's coffee producers restricting coffee supply in anticipation of even higher prices," the site's analysis states. International Barchart.
In Brazil, the physical market followed and saw devaluation in some of the country's main sales areas.
Type 6 hard drink bica race had a drop of 0.97% in Guaxupé/MG, traded for R$ 1,020.00, Araguari/MG had a drop of 0.95%, worth R$ 1,040.00, Campos Gerais/MG had a drop of 2.83%, quoted at R$ 1,030.00 and Franca/SP had a drop of 0.95%, quoted at R$ 1,040.00.
The peeled cherry type had a drop of 0.93% in Guaxupé/MG, traded for R$ 1,060.00, Campos Gerais/MG registered a drop of 2.68%, worth R$ 1,090.00, Poços de Caldas/MG maintained its negotiated for R$ 1,080.00 and Varginha/MG kept it for R$ 1,070.00.
CEPEA
Cepea surveys show that the domestic coffee market is moving forward in January at a slow pace. In the case of arabica, even in the face of high price levels – the variety is once again traded above R$1,000/60 kg bag –, many producers have stayed away, waiting for higher prices, as Cepea researchers indicate. For Robusta, the low supply in the national spot (due to the failure of the 2023/24 harvest) explains the retraction in sales, even though there is high demand from exporters for the variety.