CoffeeNetwork (New York) -Domestic prices in Brazil for Arabica coffee have climbed, according to data from the Center of Advanced Studies in Applied Economics (CEPEA). According to researchers, gains in the international market along with the slow pace of harvesting have attributed to the increase. The higher price levels attracted sellers to the market, raising domestic liquidity. On Tuesday, May 28, the indicator CEPEA / ESALQ closed above R $ 400.00 / bag of 60 kg, a level that was not seen since March 11 of this year. The closing of this Tuesday was R $ 400.97 / bags was 3% higher than the previous week.
As for the 2019/20 coffee harvest, which began in April, it is slower than expected, especially in the Arabica regions (except the Northwest of Paraná and Garça). Researchers at Cepea say that the cold weather has delayed the ripening of the cherries, while the rains have made it difficult for workers to enter the field, resulting in some cherries falling, mainly in the Cerrado and the South of Minas Gerais.
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