In Brazil, arabica reaches its highest price level since July 2022 July

Published 2024년 8월 5일

Tridge summary

The article highlights the challenging climate conditions and reduced coffee production, leading to a small supply of high-quality grains and volatility in prices and stocks. Despite these challenges, Brazil's coffee harvest for 2024/2025 is progressing quickly with concerns about the size and quality of the produce. The demand for soluble coffee remains high, with Brazil's exports increasing by 3.3% in the first half of 2024. The average price of arabica reached a record high in July. Weather conditions are crucial for the progress of the harvest, with potential for harm in the upcoming cold front. Overall, the global coffee market faces uncertainty due to these factors and the impact of La Niña on future harvests.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The adverse climate situation and the reduction in coffee production and quality significantly impact the market. Exports continue to rise, but the supply of high-quality grains is limited. Volatility in prices and stocks reflects the uncertainty and challenges faced by global coffee producers and markets. The harvest of the new Brazilian coffee harvest 2024/2025 is progressing quickly and is approaching its end. Information from all arabica and conilon producing regions continues to be worrying, confirming a break in relation to previous estimates. Production was lower, as is already clear from the fruit harvest. In the processing process, a second break is observed, with a low volume of grains sieve 17 and above. The volume of peeled cherries (CDs) is also much smaller this harvest. Climate and production: Climate issues continue both in Brazil and in other producing countries. With La Niña entering the second half of the year, concern is growing about the next global coffee ...

Source: Cafepoint