Thus, in New York, the March/25 Arabica contract closed with a drop of 310 points (1.26%) and was worth 242.40 cents/lbp; May/25 also ended the day with a reduction of 310 points (1.27%), with a price of 241.35 cents/lbp; July/25 fell 295 points (1.22%) and was at 239.20 cents/lbp and September/25 lost 285 points (1.19%) and was quoted at 236.45 cents/lbp.
In London, robusta lost US$ 80 (1.83%) in the November/24 contract, which was now worth US$ 4,289/ton. January/25 closed at US$ 2,279/ton, after a drop of US$ 90 (2.06%). March/25 was at US$ 4,208/ton, a reduction of US$ 73 (1.71%). May/25 fell US$ 66 (1.57%) and closed the session at US$ 4,150/ton.
According to information from Barchart, the declines in this session were caused by forecasts of rain in Brazil, which are easing market concerns about drought in the country's producing regions. Heavy rains are expected in Minas Gerais this weekend, according to Climatempo.
According to information from the Carvalhaes Office, a humidity corridor that is strengthening over the interior of Brazil continues to cause a lot of instability and potential for heavy rains in the second half of the week over the north of Espírito Santo, the extreme south of Bahia, Cerrado and north of Minas Gerais, as well as areas of the Center-West and north of the country. The areas of Minas Gerais and Espírito Santo in particular will receive the highest volumes of precipitation, where accumulated amounts may exceed 100 mm in the 5-day accumulation.
Furthermore, as Barchart points out, the rise of the dollar against the real also contributed to the declines this Friday. The devaluation of the Brazilian currency encourages export sales by Brazilian coffee producers, according to what the international website highlights
+ Dollar recovers losses and rises again with fiscal fears and US election in focus
Internal market
In the Brazilian physical market, the Cepea/Esalq indicator shows Arabica at a price of R$1,525.36/sc, an increase of 0.41%. Robusta is priced at R$1,450.80/sc, an increase of 0.73%.
The 6/7 Bebida Dura Bica Corrita type increased by 0.68% in Poços de Caldas/MG, with a price of R$ 1,490/bag. In Campos Gerais/MG, an increase of 0.47% was recorded, with a value of R$ 1,507.00/bag. Pulped Cherry Coffee increased by 0.61% in Poços de Caldas/MG and was now worth R$ 1,640/bag. Campos Gerais/MG had an increase of 0.45% and reached R$ 1,577/bag.