Weekly report – Brazilian Coffee Market – July 18 ~ 22, 2022 - Atlantica
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Weekly report – Brazilian Coffee Market – July 18 ~ 22, 2022

by Jul 22, 2022Market report0 comments


KCNY and Currency

  • On Monday (July 18) the coffee market recovered a good part of what it lost in the previous week, adjusting with a 7.7% high.
  • Certified stocks in NY continue to set the tone in the market, dropping 21,340 bags this week and closing Thursday (7/21) with 712,817 bags.
  • The reduction of the long position of the funds was also observed in -6,705 lots, ending the period with total purchases of 16,493 lots.
  • The foreign exchange market was also busy, with a close eye on global inflation data and keeping up with the monetary decisions of central banks.
  • Over the week there was a 0.5% increase in the basic interest rate led by the European Central Bank.

SEPTEMBER/22: Min: 202,00 | Max:  218,60 | Last: 206,35
BRL/USD: Min: 5,3533 | Max: 5,5142 | Last: 5,4540

*Data as of the completion of this report


WEATHER

The Tropical Maritime air mass is blocking the arrival of cold fronts and polar air masses in the brazilian Southeast region.

Therefore, the week will be marked by dry weather, sunny and warm daytime, lack of cloudiness and mild temperatures at night in all coffee regions. Low relative air humidity alert.

No rain is forecasted for the week.


DOMESTIC MARKET and FOB

The week had few businesses reported in the FOB. One-off demands for certified coffees and for immediate shipment. The replacement prices are making new business unfeasible.

Strictly soft good cup running screen: seller close to R$1.430,00;
Strictly soft fine cup running screen: seller close to R$ 1.460,00;
Rio Minas:
17/18: R$ 1.200,00
14/16: R$ 1.170,00
Running screen with 30% low grades: close to R$ 1.120,00;


LOGISTICS

Some shipping companies have suspended their operations departing from Rio de Janeiro. There are operational restrictions for some destinations, mainly to the United States and Germany, from which we have already received notification of allocation only for September.

There is also the unavailability of food standard containers depending on the shipping line, so we reiterate the need to anticipate the booking and scheduling requests, so that there can be an inspection and picking up of food standard containers.


COVID-19 IN BRAZIL

People who received the first dose: +179.602.937(89.73% of the population able to take the vaccine)

Fully vaccinated people: +168.623.042 (84.24% of the population able to take the vaccine)

Cases: + 33.506.282 million

Deaths: 676.551 thousand

Let’s continue believing and investing in the coffee culture!
Atlantica Coffee Team


FRAUD ALERT

Fraudsters have created accounts at the domains atlanticacoffeee.com (with 3 letters “e”), atlanticacoffees (plural) and atlantlcacoffee (using the lowercase of L instead of the letter i) and for the prefixes using the names of our employees, even imitating our signatures. They are quoting coffee, issuing invoices with altered payment data, mostly to banks in Hong Kong, which we are not ours! Please be aware of the sender of the messages and always question instructions to change bank details!

Our only official e-mail domain is: atlanticacoffee.com