In June, the rainy weather kept limiting the harvesting from the Brazilian 2008/09 coffee crop. In this context, the volume available in the market remained low. At the end of the month, however, activities were intensified, helped by the dry weather.
Speculations about frosts in Brazil boosted the international arabica prices. On Monday, June 30th, the contract September/08 averaged 153.20 cents of dollar per pound at the New York Board of Trade (ICE Futures), increasing 12.4 percent over May 30th.
In the domestic market, trades moved at a slow pace - growers bet on higher values. The CEPEA/ESALQ Index for the arabica type 6, delivered in Sao Paulo (capital), closed at 264.18 reals or 165.42 dollars per bag of 60 kilos on June 30th, increasing 5.04 percent in Real over May 30th. For the robusta type 6, in the origin Espírito Santo state, the raise was of 1.5 percent in Real during the same period, at 217.49 reals or 136.19 dollars per bag on Jun 30th. (Cepea - Brazil)