Coffee/Cepea: Arabica prices in Brazil soar in April
Published Apr 24, 2024
Tridge summary
In April, Arabica coffee prices in the Brazilian market significantly increased by 24%, as reported by Cepea researchers. This surge is largely due to the strong appreciation of Robusta prices, driven by global supply concerns. The highest real value of the CEPEA/ESALQ Indicator for type 6 Arabica was recorded since February/22, closing at R$ 1,342.17/60 kg bag on the 17th. This situation is benefiting business transactions related to the variety, making current levels more appealing for producers. Additionally, contracts for the 2024/25 season and some for the 2025/26 harvest are being closed.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Arabica coffee prices soared in April in the Brazilian market. According to Cepea researchers, the boost comes mainly from the strong appreciation of Robusta, influenced by concerns about global supply. In the partial month (until the 22nd), the CEPEA/ESALQ Indicator for type 6 Arabica, a hard drink for the better, placed in the capital of São Paulo, accumulates a strong increase of 24%. Last Wednesday, the 17th, inclusive, this indicator reached the highest real value (IGP-DI) since February/22, closing at R$ 1,342.17/60 kg bag. Cepea researchers also point out that this scenario has favored the ...
Source: NoticiasAgricolas
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