Coffee market realizes profits and starts the week in decline

The international coffee market began the new week in a corrective movement following the recent advances observed in external exchanges, according to information from StoneX. The last week was marked by strong attention to Vietnam, which started its harvest under intense and persistent rains. The excess precipitation reduced the pace of the operation, compromised part of the quality of the bean, and generated logistical difficulties in a crop considered decisive. After years of below-expected performance, the country seeks productive recovery and the USDA projects a near 7 percent increase in local production, which heightens the market's sensitivity to any climate change. The scenario of instability raised the bullish sentiment and sustained the futures prices. In New York, the most traded contract closed the week with an advance of 3.2 percent, reaching US¢ 381.20 per pound. In London, the January contract registered a 1.3 percent increase and closed at USD 4,565 per ton. In ...