Arabica coffee starts November with a nominal record, but retreats

The decline is linked to the devaluation of variety futures contracts and the depreciation of the dollar against the Real

10.11.2021 | 15:12 (UTC -3)
Cepea
The drop is linked to the devaluation of variety futures contracts and the depreciation of the dollar against the Real. - Photo: Wenderson Araujo/CNA
The drop is linked to the devaluation of variety futures contracts and the depreciation of the dollar against the Real. - Photo: Wenderson Araujo/CNA

After reaching Cepea's nominal series record at the beginning of November (R$ 1.286,73/sc of 60 kg on the 1st), the CEPEA/ESALQ Indicator for coffee type 6 arabica, placed in the capital of São Paulo, began to record declines. Second Cepea researchers, the decline is linked to the devaluation of contracts variety futures and the depreciation of the dollar against the Real.

This Tuesday, the 9th, the CEPEA/ESALQ Arabica Indicator closed at R$ 1.258,03/sc of 60 kg, a decrease of 2,23% compared to the previous second, 1st. With Therefore, a large part of Brazilian sellers were withdrawn from the spot market, limiting the closing of new businesses.

Producers are more cautious when marketing, paying attention to prospects of a smaller harvest in 2022/23 and logistical problems faced around the world, factors that can keep commodity prices at high levels.

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