Coffee Report - November 30th

Rains put pressure on, but certified stocks continue to fall and coffee only has adjustments

The Arabica coffee futures market ended trading this Wednesday with only price adjustments on the New York Stock Exchange (ICE Future US). The rains in Brazil are back on the market's radar, but the intense drop in certified stocks limits the devaluation.

"On Wednesday, Climatempo said that Brazil should receive beneficial rains in the first weeks of December, alleviating market concerns after extreme heat and drought in mid-November" , highlighted the analysis by the international website Barchart.

Here, however, there is still a lot of concern about next year's harvest. High temperatures in the coffee sector persist and rainfall remains irregular in much of the area. In all regions producers have reported a more significant drop in pellets.

The market continues to experience an "arm struggle" between producer and buyer, the pace of business has even improved in recent days, but is still slower than in recent years, according to analysts interviewed by Notícias Agrícolas.

Arabica coffee stocks monitored by ICE fell on Wednesday to 259,800 bags, the lowest level in 24 years.

Source: Noticias Agrícolas