Café registers high with unfavorable weather in Brazil

Coffee futures prices closed last week on the rise, reflecting the impact of the weather in Brazil and the recent escalation of tensions between Colombia and the United States, according to information from StoneX. The devaluation of the dollar also contributed to the movement, while data from Japan pointed to a drop in consumption, showing a mixed scenario for the global market. The dollar index retreated 0.3%, reaching 98.3 points, while the American currency against the Brazilian real fell 2.1%, ending the week at R$ 5.41. In New York, the most traded contract rose 6.5%, closing at US¢ 397.45 per pound-peso. In London, coffee with January expiration advanced 2%, to $4,478 per ton, reflecting the impact of international uncertainties on demand and supply. The geopolitical scenario has also been putting pressure on the market. The U.S. president harshly criticized Colombian President Gustavo Petro and indicated the possibility of imposing tariffs, increasing apprehension about ...