The coffee market was showing moderate increases on international exchanges early this Wednesday morning (22).

At the close of the last session, prices followed opposite directions, with a drop in Arabica futures after data released by Conab indicated a 1.8% increase in the variety's harvest in 2024.

At around 8:50 am (Brasília time), Arabica was up 230 points at 330.10 cents/lbp for the March/25 maturity, up 195 points at 325.90 cents/lbp for the May/25 maturity, up 185 points at 319.55 cents/lbp for the July/25 maturity, and up 140 points at 310.60 cents/lbp for the September/25 maturity.

Robusta coffee was trading at a high of US$ 115 to US$ 5,259/ton in the January/25 contract, a US$ 47 advance to US$ 5,310/ton in the March/25 contract, a US$ 41 increase to US$ 5,258/ton in the May/25 contract, and a US$ 59 gain to US$ 5,195/ton in the July/25 contract.

According to Barchart, the global Robusta coffee market is facing supply constraints and sustained high demand. In addition, Vietnam will soon celebrate the next Lunar New Year, which will reduce supply activity until the end of January.

According to Cepea, despite signs of recovery in Brazilian production, the fair global supply in the short term has kept prices at record levels. On the demand side, domestic coffee consumption is still resilient, with good figures for exports.

Source: Notícias Agrícolas