KCNY and Currency
The week showed important highs in NY “ICE” which were analyzed as technical moves. The numbers of the week shows a decrease in certified stocks at destination and a significant drop in world exports.
• According to studies conducted by Ipea (Institute for Applied Economic Research) Brazil has led the way in agricultural productivity gains. Between 2000 and 2019, Brazil was able to expand its food supply due to increased investments in research and funding for the segment;
• According to the managing director of the IMF (International Monetary Fund), Kristalina Georgieva, the investments aimed at the global target of zero carbon by 2050 fall far short of what is needed to ensure its fulfillment;
• Shipping companies acquire new equipment (containers) seeking to alleviate the logistical bottlenecks that slow down the movement of goods, currently the biggest bottlenecks are not containers, but port infrastructure for loading and unloading goods;
• NY “ICE” certified stocks closed Thursday at 1,030,616 60-kg bags;
JULY/22: Min: 223,85 | Max: 242,00 | Last: 233,60
BRL/USD: Min: 4,7740 | Max: 4,8317 | Last: 4,7940
*Data as of the completion of this report
The cold front that passes between Saturday and Sunday along the coast of the Southeast region is not expected to significantly change the weather in the coffee regions. Cloudiness is expected only in the South of Minas Gerais and in the Zona da Mata regions, but the chances of rain are low.
The typical autumn weather (absence of cloudiness and mild temperatures) should predominate during the first half of June. New polar air masses are not expected to arrive and moderate to heavy rains are not expected.
Rain forecast for next week:
No rainfall forecast for the coffee regions.
DOMESTIC MARKET and FOB
The local and FOB market reported deals. Highs on the NY “ICE” favored the conclusion of buy and sell deals, both domestic and foreign.
Strictly soft good cup running screen: seller new crop close to R$1.255,00 and current crop close to R$1.270.00;
Strictly soft fine cup running screen: seller close to R$ 1.340,00;
17/18: R$ 1.220,00
14/16: R$ 1.170,00
Running screen with 30% low grades: close to R$ 1.130,00;
600 defects: buyer close to R$ 1.130,00 and seller close to R$ 1.180,00
The logistical scenario remains practically unchanged, with little availability for allocation on ships leaving in the next 6 weeks, which is the maximum advance period used by shipowners.
COVID-19 IN BRAZIL
People who received the first dose: +178.487.721
(89.18 % of the population able to take the vaccine / 83.08% of the total population)
Fully vaccinated people: +166.131.209
(83% of the population able to take the vaccine / 77.33% of the total population)
Cases: + 31.099.823 million
Deaths: 666.978 thousand
Let’s continue believing and investing in the coffee culture!
Atlantica Coffee Team
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