Sunday 13 October 2024

Robusta coffee prices in Brazil still above Arabicas, Cepea

On September 5, the price gap hit 51.9 Reais/bag, a record. On Sept. 13, the Index for robusta prices reached a new record for Cepea series (which has started in November 2001) – IGP-DI August/24

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SAO PAULO, Brazil – Prices for robusta coffee type 6 continued at high levels in early September, above values for arabica coffee (type 6 – delivered in SP), says CEPEA in its latest report. On September 13, the CEPEA/ESALQ Index for the robusta coffee type 6 closed at BRL 1,520.49/bag, while the CEPEA/ESALQ Index for the arabica coffee type 6, delivered in São Paulo, closed at BRL 1,483.12 per 60-kilo bag, with an advantage of 37.37 Reais per bag for robusta.

On September 5, the price gap hit 51.9 Reais/bag, a record. On Sept. 13, the Index for robusta prices reached a new record for Cepea series (which has started in November 2001) – IGP-DI August/24.

The market continues reflecting weather issues in Vietnam and in Brazil. In global terms, the balance between supply and demand remains limited, due to the restricted scenario of production.

In case of Vietnam, world’s largest robusta producer, there were forecasts of rainfall, but the warm weather continued to concern local producers.

As for Brazil, the forecast indicated above-average temperatures in early September. It is worth noting that the dry weather and the low volume of rainfall since April/May 2024 have been a big challenge for the beginning of the 2025/26 season in Brazil.

Players surveyed by Cepea say that wildfires were registered in coffee crops in Mogiana Paulista; however, there were only a few damages. The most concerning problem continues to be the lack of soil moist.

CIMBALI

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