PIRACICABA, Brazil – Arabica and robusta prices increasing in the Brazilian market. However, arabica prices, fluctuated strongly than robusta, although keeping the same levels as in the last crop, says in its latest the Center for Advanced Studies in Applied Economics (CEPEA) of the University of São Paulo.
In the robusta market, growers’ retraction led liquidity to remain low. They were concerned regarding the 2016/17 production, hampered by unfavorable weather. For arabica, increases in prices pushed up the pace of trades. Prices rise is linked to increases in the New York Exchange Stocks.
In the partial of December (until 15), the CEPEA/ESALQ arabica Index, type 6, hard cup or better (delivered in São Paulo city) increased 1.41%. And the CEPEA/ESALQ Index for robusta type 6, screen 13 above (at Espírito Santo – no freight included) increased 0.53% in the partial of the month.
Exports of green coffee (arabica and robusta), in turn, decreased from October to November, but the volume of the last month was still the third highest in Cecafé (Coffee Exporters Council) series.
The volume shipped in the partial of the season (from Jul to November/15) is almost the same as in the first five months of last crop, also according to Cecafé, after readjusts in data from October.