Friday 31 March 2023

CEPEA: Higher rainfall is needed for a proper development of crops

Robusta quotations increased in Brazil in November, boosted by higher demand. Besides, aware of the recent valuation, sellers left the spot market, expecting higher price rises

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SAO PAULO, Brazil – Arabica coffee prices fluctuated widely in the Brazilian market in November reports CEPEA in its latest analysis. On Nov. 30th, the CEPEA/ESALQ Index for arabica coffee type 6, delivered to São Paulo city, closed at BRL 1,003.01 (USD 192.52) per 60-kilo bag, a slight 0.23% lower than that on October 31st.

Sellers were mostly away from the spot market, closing only sporadic deals.

In Minas Gerais, mainly in southern state, a hailstorm hit several cities in that region on Nov. 25th, however, until the end of the month, farmers had not been able to assess all damages.

In the remaining locations, higher rainfall is needed for a proper development of crops in the 2023/24 season.

Robusta quotations increased in Brazil in November, boosted by higher demand. Besides, aware of the recent valuation, sellers left the spot market, expecting higher price rises.

On Nov. 30th, the CEPEA/ESALQ Index (Espírito Santo) for the robusta coffee type 6, screen 13, closed at BRL 609.77 (USD 117.14)/60-kilo bag, 3.9% up from that on Oct. 31st.

Although rainfall increased in Espírito Santo in November, it was still below the necessary level for an ideal development of crops in the state. In Rondônia, high temperatures and the lack of rains were concerning farmers again.

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