Brazilian coffee market should continue with slow business
Raw Common Coffee Bean
Brazil
Published Mar 9, 2023
Tridge summary
The dollar operates low against the real. The New York Stock Exchange (ICE Futures US) also recorded a drop – more than 1% -, which could put pressure on domestic prices. Producers tend to do business only as needed and wait for better quotes.
Original content
On Tuesday (7), the Brazilian coffee market had a day of dragged negotiations. The volatility and rises and falls of Arabica and Robusta prices on the New York and London Stock Exchanges, respectively, hinders the formation of values. In addition, the morning was marked by a strong drop in NY, taking many sellers out of the market. After the stock market recovered, there were a few isolated lots moved, but buyers remained discreet. In the south of Minas Gerais, good arabica coffee with 15% of collection was R$ 1,120.00/1,150.00 a bag, against R$ 1,110.00/1,150.00 a bag previously. In the cerrado of Minas Gerais, arabica hard drink with 15% of pickling was priced at R$ 1,125.00/1,155.00 a bag, compared to R$ 1,115.00/1,155.00 previously. “Rio” type 7 arabica coffee in the Zona da Mata of Minas Gerais, ...
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