Physical coffee market rises with ICE, but high is limited to the best cups

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The rise in international prices was reflected in the domestic physical market, but was limited to the best cups of arabica, more linked to external pricing dynamics. The demand for fine cups, cherry and remaining certified batches also increased, with foreign demand finding in Brazil an alternative to offset the lack of Colombian milds.

Thus, good cup from the south of Minas Gerais rose to BRL 1,290 to 1,300 a bag, with finer cups hovering around BRL 1,330 to 1,340 in Cerrado and Mogiana for physical coffee. In the region of Matas de Minas, there is a more active market for both remainders and new-crop coffees. New hard cup is ranging from BRL 1265 and 1,280, with 20% to 40% of defects, respectively. The supply of Rio coffee is still small, with prices ranging from BRL 1,120 to 1,130 a bag.

Conillon, in turn, is still pressured by the advance of the harvest and a shorter stance of the domestic industry, which is postponing positions, betting on the seasonal pressure of the harvest and persisting low prices. Conillon type 7/8 in Colatina, Espírito Santo, dropped to  700 a bag. The idea for 400 defects placed in the industry in São Paulo is around BRL 730 a bag.