Brazilian prices of robusta and arabica coffee downed strongly in the first fortnight of April. The low demand for robusta coffee from 2008/09 season pressed the quotations in the domestic market. The CEPEA/ESALQ Index for robusta coffee type 6, in the origin Espírito Santo state, closed at 199,44 reals or 91.65 dollars per bag of 60 kilos on April 15th, decreasing 4 percent between March 31st and April 15th.
Growers from Espírito Santo and Rondônia, main states producer of robusta, intensified the harvest in the fortnight. For a while, little supply of early varieties is available in the market. According to Cepea researchers, in upcoming weeks, volume from 2009/10 crop can be higher and stimulates the trades.
Regarding arabica market, the trades also were at slow pace. The harvest should start on May, as scheduled. Between March 31st and April 15th, the CEPEA/ESALQ Index for arabica type 6, delivered in São Paulo (capital) downed 3.8 percent, at 257.46 reals or 118.31 dollars per bag of 60 kilos in April 15th. (Cepea - Brazil)