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18/12/2024

Coffee prices start Wednesday (18) with moderate gains on the international stock exchanges

After ending the previous session with declines due to the depreciation of the real against the dollar, the coffee market begins this Wednesday (18) with moderate gains on international stock exchanges.

According to the Carvalhaes Office, there is already a consensus that we will have a significant drop in production, and that the volume to be harvested will be well below that of 2024. Given this scenario of climate uncertainty persisting in all major coffee-producing countries, and speculation about the total volume of the 2025 crop loss, we will continue to experience strong and rapid fluctuations in New York and London.

At around 9 am (Brasília time), Arabica registered a drop of 330 points to 325.45 cents/lbp in the December/24 contract, a rise of 630 points to 331.25 cents/lbp in the March/25 contract, an increase of 530 points to 327.20 cents/lbp in the May/25 contract, and a rise of 460 points to 321.55 cents/lbp in the July/25 contract.

Robusta was trading at a gain of US$5 at US$5,221/ton in the January/25 contract, an increase of US$41 at US$5,209/ton in the March/25 contract, a rise of US$39 at US$5,142/ton in the May/25 contract, and a gain of US$39 quoted at US$5,069/ton in the July/25 contract.

According to The Price Futures Group analyst Jack Scoville, the trends in NY and London are for rising prices. Reports of reduced supplies from Brazil in short weather-induced crops continue, and there are also reports of heavy rain in parts of Central America that are damaging crops there. Offers from Vietnam are now increasing as the harvest is expanding.

Source: Notícias Agrícolas