The physical coffee market ended up yielding a little and moving away from the highs. Cerrado fine cup lost the level of BRL 1,500 and is bidded at BRL 1,470 a bag in both the Cerrado of Minas and Mogiana, in S\u00e3o Paulo. Sellers ask BRL 1,500 a bag. It is worth remembering that this description was trading at BRL 1,560 a bag in early February. Amid the volatility of the ICE US, what has weighed the most against coffee prices in the domestic physical market is the dollar. The US currency started February sold at BRL5.31 and is currently indicated at BRL 5.00, accumulating a devaluation of almost 6% in less than a month.<\/p>\n\n\n\n
Good cup from the South of Minas follows the same behavior and is bidded at BRL 1,455 a bag, far from the BRL 1,530 reached in early February. Offers at BRL 1,470 a bag. Rio cup with 20% defects from Matas de Minas also lost the level of BRL 1,400 per bag and is currently indicated at BRL 1,360, with sellers asking BRL 1,380 a bag. Conillon 7\/8 in the Colatina region, in Esp\u00edrito Santo, ranges from BRL 805 to 815 per bag, also below the nominal high of BRL 825 per bag, last reached in early February.<\/p>\n\n\n\n
Forward positions with the new crop have stood out. Good cups for Sep\/2022 range from BRL 1,455 to 1,470 a bag. The same description for delivery and payment in Sep\/2023 is indicated between BRL 1,460 and 1,480, that is, only BRL 5 to 10 higher. Growers normally expect a more attractive price for more distant positions. But the fact that the ICE US has worked with an inverted spread ends up flattening the future price curve and bringing the price indications of the two positions closer together, which ends up weakening the growers\u2019 selling interest for 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
The physical coffee market ended up yielding a little and moving away from the highs. Cerrado fine cup lost the level of BRL 1,500 and is bidded at BRL 1,470 a bag in both the Cerrado of Minas and Mogiana, in S\u00e3o Paulo. Sellers ask BRL 1,500 a bag. It is worth remembering that this […]<\/p>\n","protected":false},"author":7,"featured_media":64272,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"commodity":[],"class_list":["post-36676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-eng"],"acf":[],"yoast_head":"\n