Weekly report – Brazilian Coffee Market – April 26-30, 2021
NYSE and BRL/USDIn the last week of April, Arabica prices soared to levels not seen since 2017, with KCN1 registering 147.65 USC/lb on Thursday (29), an appreciation of about 20% between the first and penultimate day of the month. The bullish boom was influenced by...
Weekly report – Brazilian Coffee Market – April 19-23, 2021
NYSE and BRL/USDArabica futures market has been in an uptrend for three consecutive weeks. The fall of the dollar helped boost agricultural commodity prices, which added to the concern about the Brazilian crop, led KCK1 to surpass 140 USC/lb. The Real gained...
Weekly report – Brazilian Coffee Market – April 12-16, 2021
NYSE and BRL/USDArabica quotes followed a gradual upward trend throughout the week with macro support, a fall in Brazil’s coffee exports, and concerns over Brazilian production. The dollar performed weaker and the Brazilian real more stable, which gave support to...
Weekly report – Brazilian Coffee Market – April 05-09, 2021
NYSE and BRL/USDArabica prices continue their one-and-a-half-week high, pressured by the expectation of lower Brazilian supply for the 21/22 crop and technical movements. The devalued dollar and the appreciation of the real also provided support to the commodity. On...