Coffee Report - November 21th

Rain doesn't arrive at the end of the week, arabica reacts and NY advances 2.70%

Maintaining the sharp volatility already expected, the Arabica coffee futures market ended trading this Monday (20) with appreciation for the main contracts on the New York Stock Exchange (ICE Future US).

"Arabica coffee rose sharply on Monday after the rain forecast for the weekend in Brazil did not materialize. Below-normal rainfall in Brazil could reduce coffee productivity and support prices" , highlighted the analysis again from the international website Barchart

The most recent forecasts, however, continue to record rain forecast for the next few days. Temperatures remain high and concerns about next year's harvest remain.

"Robusta coffee was under pressure on Monday due to signs of increasing supply from Uganda, the world's fourth largest producer of Robusta. The Uganda Coffee Development Authority reported today that Uganda's October coffee exports increased by 3 .4% year on year, to 470,080 bags" , adds an analysis from the Barchart

website.

In Brazil, the physicist followed and also ended with appreciation in the country's main sales areas.

Source: Notícias Agrícolas