Brazil: Harvest of canephora coffee begins in Espírito Santo

Published Mar 29, 2023

Tridge summary

Researchers at Cepea have reported that harvesting of robusta coffees has commenced in Espírito Santo, but the early climate conditions are believed to have hindered potential production. The internal market saw a decrease in prices in the first three weeks of March, attributed to reduced purchases by local industries and lower external values. However, prices have recently risen due to increased demand, with variety prices also increasing in Vietnam, influencing the Brazilian market. Sellers are currently withholding trade of large volumes, anticipating more significant price increases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cepea researchers point out that Espírito Santo has already started harvesting its first canephora (robusta) coffees in some areas. For the time being, it is still too early to evaluate the new season, but consulted producers believe that production is below potential, based on the unfavorable climate at the beginning of the cycle. As for prices, after falling with some force in the internal market in the first three weeks of March, they reacted and started to rise towards the end of the month. According to the researchers, the downward movement in the first weeks of March was linked to the retraction of purchases by many national industries and the drop in external values. The recent increases are due to the return of demanders to the national spot. Variety ...

Source: Cafepoint