Source: Noticias Agricolas
Arabica coffee futures market prices rose again significantly for major contracts on the New York Stock Exchange (ICE Future US). Coffee prices have exploded again after new weather forecasts were released for next week in southern Minas Gerais.
September / 20 had an increase of 660 points, worth 108.35 cents / lbp, December / 20 rose 650 points, traded for 111 cents / lbp, March / 21 registered an increase of 640 points, worth 113 cents / lbp and May / 20 ended with an appreciation of 630 points, traded at 114.05 cents / lbp.
As predicted by analysts, during the harvest period the climate in Brazil should dictate the pace of prices abroad. In this trading session, according to the international website Barchart, prices rose again after new forecasts for the south of Minas Gerais were released.
"Concerns about the climate in Brazil provoked a short coverage in the future of coffee on Wednesday. Summar Meterologia, on Wednesday, said that a cold front at the beginning of next week could threaten coffee plantations in coffee producing regions. do Brasil ", he highlighted in his daily analysis.
The data from the National Institute of Meteorology (Inmet), confirm that a new mass of cold air should advance through Brazil next week and bring down temperatures not only in the south of Minas Gerais, but in almost all regions of the country. The intensity, however, is being monitored daily by meteorologists.
In Brazil, the quotations of the physical market followed the exterior and ended Wednesday (22) with appreciation in the main producing squares in the country.
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