At around 12:30 pm (Brasília time), in New York, the December/24 Arabica contract was down 285 points, trading at 243.05 cents/lbp. March/25 fell 305 points, quoted at 242.45 cents/lbp. May/25 lost 310 points, valued at 241.35 cents/lbp, and July/25 recorded a reduction of 65 points, priced at 239.35 cents/lbp.
In London, robusta lost US$ 73 in the November/24 contract, which was worth US$ 4,296/ton, as well as January/25, which showed the same drop and the same value. March/25 fell US$ 66, quoted at US$ 4,215. May/25 was priced at US$ 4,154, with a reduction of US$ 62.
This Friday, according to information from Reuters, Brazilian cooperatives reported good flowering in October with the arrival of heavy rains, but the question that remains for the 2025 harvest is about the portion of the "chumbinhos" that will turn into grains after a long period of water deficit.
Reuters highlighted the words of Carlos Augusto Rodrigues de Melo, president of Cooxupé, the largest coffee growers' cooperative and leading exporter in the country: "But, as the old saying goes, flowers are not coffee." According to him, crops that are "well dressed and leafy" should have "good fruit set," which will not happen with the "poorest" ones. Therefore, it is "too early" to estimate the 2025 harvest.