SAO PAULO, Brazil — Price rises for arabica and robusta coffee – in both the domestic and the international markets, says Cepea in its latest report. This led agents to close new deals, increasing liquidity in Brazil in the first fortnight of December. Thus, the trading pace for the 2019/20 and the 2020/21 crops was fast in that period.
As regards arabica, 2019/20 crop trades had already surpassed 70% of the total volume harvested in the regions surveyed by Cepea. Beans of all qualities were sold, mainly high quality beans.
It is worth to mention that the percentage of prime coffee this crop is low, due to the unfavorable weather during both the harvesting and most part of beans development.
Until the end of the fortnight, the highest percentage traded, from 85 to 90%, was registered in northwestern Paraná. In the Zona da Mata (MG), the amount marketed was around 80%.
In the Cerrado Mineiro and Southern Minas Gerais, coffee sales had reached from 70 to 80% of the crop. In the Mogiana and Garça, both in São Paulo State, trades had surpassed 70%.
As regards prices, on Dec. 13, the CEPEA / ESALQ Index for arabica coffee type 6 (delivered in São Paulo) closed at 550.06 BRL/bag (133.93 USD/bag), soaring 7.85% compared to that on Nov. 29.
As regards robusta, until the end of the fortnight, from 65 to 75% of the 2019/20 crop had been traded in Espírito Santo State. In Rondônia, the volume marketed ranged from 90 to 95% of the total harvested.
On Dec. 13, the CEPEA / ESALQ Index for the robusta type 6, screen 13, Espírito Santo State, closed at 313.9 BRL/60-kilo bag (76.43 USD/bag), a slight 0.1% up compared to that on Nov. 29.
