SAO PAULO, Brazil – The harvest of the 2023/24 Arabica crop is practically over in the major regions that produce this coffee variety in Brazil, says Cepea in its latest report. In the Mogiana (SP), southern Minas Gerais, Matas de Minas and Espírito Santo State, small amounts of coffee still need to be collected from the floor. In Garça (SP), 90% of the crop has been harvested, and in the Cerrado Mineiro and northwestern Paraná, from 92 to 95%.
This season, the quality of the beans is slightly lower than that from the 22/23 crop. At the beginning of the season, high volumes of green coffee were harvested, and at the end of activities, there are high amounts on the floor.
Cepea collaborators have also reported quality issues in some coffee batches, while screen is considered slightly better than that from previous years.
Currently, agents are focused on the beginning of blooming – some flower have already opened in some areas, mainly in irrigated crops. Thus, farmers hope the weather favors the development of the flowers from 2024/25 in the coming weeks. Expectations are positive, also because next season will be a positive biennial cycle.
As the harvest of the 2023/24 crop nears the end, farmers are preparing for the coming season. Despite the lower coffee prices this year compared to previous years, fertilizers have been cheaper, favoring farmers.
Sales were in Brazil and abroad in the first half of September. September 4th was a holiday in the United States (Labor Day), thus, ICE Futures (NY) did not work. September 7th was a holiday in Brazil (Independence Day), which limited liquidity along that week, since Brazilian agents were absent from the market.
On Sept. 15th, the CEPEA/ESALQ Index for the arabica coffee type 6, delivered to São Paulo city, closed at BRL 825.15 (USD 169.44)/60-kg bag, 1.05% higher than that on August 31st. For robusta coffee, the CEPEA/ESALQ Index (Espírito Santo) for the type 6, screen 13, closed at BRL 647.05 (USD 132.86)/bag, 1.2% down, in the same comparison.