Robusta coffee prices advance in Brazil in October

The high dollar, external valuations and the retraction of sellers raised Robusta coffee prices in Brazil in October. In the accumulated result for that month, the CEPEA/ESALQ Indicator for Robusta type 6, sieve 13 above, rose 4,41%, closing at R$ 413,82/60 kg bag on 30/10 – this Tuesday, 4 November, closed at R$ 405,62/sc. 

According to Cepea researchers, Brazilian agents are paying attention to the rainy weather in Vietnam, which has been delaying the harvest of the 2020/21 harvest, which, in turn, was scheduled to start between the end of October and the beginning of November. Furthermore, the passage of a typhoon in Vietnam and its possible impacts on production in the 2020/21 season also worries local coffee growers. Therefore, the new Vietnamese coffees may only reach the market from the end of this month.