SAO PAULO, Brazil – Robusta coffee prices recovered in the domestic market in March and the CEPEA/ESALQ Index of robusta type 6, screen 13, Espírito Santo State, returned to levels observed in mid-February.
Robusta valuation is attributed to higher demand for the variety from the coffee roasters in Brazil, which had low inventories, according to agents surveyed by Cepea.
This scenario, along with limited supply, kept prices firm. The CEPEA/ESALQ Index of robusta type 6, screen 13, Espírito Santo State, closed at 438.37 BRL (140.19 USD) per 60-kilo bag on March 31, 1% up compared to February 24.
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