World: Coffee market on October 4, continued to be affected by news of the EU suspending anti-deforestation regulations

In the global market, the price of robusta for November 2024 on the London exchange fell 3.7% to $ 4,921 / ton, as the market waited for the harvest in the top robusta producer Vietnam to accelerate. The contract lost 11% in the last three sessions. The price of arabica for December 2024 on the New York exchange fell 4.45 cents, equivalent to 1.7%, to 252.05 US cents / lb. The contract lost nearly 7% in the last three sessions. Highlights: - The European Commission has proposed a one-year delay of the anti-deforestation law, due to pressure from several countries, including Germany and Brazil, and from businesses importing coffee to Europe. - Forecasts of necessary rain in Brazil in the next few days could ease concerns about the flowering of next year's crop after a long dry period. Weather forecaster Maxar said light rains are expected in Parana and along the coast from Thursday through the weekend, while the outlook for the next 6-10 days calls for light to moderate rains. ...