Volatility in the New York and London exchanges respectively for arabica and robusta has hindered negotiations and slowed down the physical coffee market in Brazil. Buyers have adopted a cautious stance, while growers remain hesitant to make sales, despite improving prices over the week.<\/p>\n
<\/p>\n
The arabica prices in the Brazilian physical market remain very firm, above BRL 2,500 per bag for the best quality cups, with the finest descriptions reaching around BRL 2,650 to 2,700 per bag. Conillon, on the other hand, showed an average depreciation of BRL 10.00 per bag, despite its current short supply. Conillon type 7\/8 was pegged at BRL 2,0005 in Colatina, Esp\u00edrito Santo. The rise in the price of arabica in New York, recovering the technical and psychological line of 390 cents per pound, was one of the main factors that guided prices in the domestic physical market.<\/p>\n
<\/p>\n
There was a little more movement in the FOB export market but still involving small volumes. The fluctuations in the NY benchmark have removed liquidity from negotiations. There are rumors of isolated deals between trading houses and dealers in Brazil, but the feeling among many agents is that the market is stuck.<\/p>\n
Colombian physical market with few deals and slightly firmer prices<\/strong><\/p>\n Colombian coffee continues to follow the fluctuations in New York prices. In the local market, parchment coffee prices increased by 1.27% over the week, being sold at around 295 cents per pound. Meanwhile, the dollar against the Colombian peso (COP) had little volatility, remaining at around 4,100 COP.<\/p>\n Business in the main coffee markets has been slow. The climate continues to be a concern, alleviated by improving crop conditions. On FOB Buenaventura, volatility continues, with Excelso trading between 4 and 8 cents above the New York reference. Meanwhile, the differential for Supremo is between +10 and 13 cents. Excelso\u2019s differential at the port of destination remained between +17 and +20 cents.<\/p>\n","protected":false},"excerpt":{"rendered":" Volatility in the New York and London exchanges respectively for arabica and robusta has hindered negotiations and slowed down the physical coffee market in Brazil. Buyers have adopted a cautious stance, while growers remain hesitant to make sales, despite improving prices over the week. The arabica prices in the Brazilian physical market remain very […]<\/p>\n","protected":false},"author":7,"featured_media":64132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"commodity":[],"class_list":["post-64844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-eng"],"acf":[],"yoast_head":"\n