Decreasing prices but positive fundaments at least till 2008

According to the International Coffee Organization (ICO), the volume to be harvested in the 2007/08 crop should not be enough to meet the global demand. Moreover, the lower stocks levels should reduce even more until the first semester of 2008.

The global production should total from 109 to 112 million bags of 60 kilos. In the 2006/07 crop, the ICO forecast a production of 122,27 million bags. The demand should represent between 118 and 120 million bags.

For a while, buyers are being enough supplied by exports from Central America and Vietnam. This has been preventing the grain from increasing in the international market.

Last Wednesday, the CEPEA/ESALQ Index for arabica closed at 130.99 dollars per bag of 60 kilos, down 4.77 in the accumulated of the month. Robusta prices dropped 5.87 percent in the same period, to 96.85 dollars.

From now on, the sector focuses on the crop in the Espirito Santo state of Brazil. The National Company for Food Supply (Conab) forecasts a crop production of around 7.1 million bags, increase 2.9 percent over the previous season (2006/07).

17/09/2021 - Despite ban from China, Brazilian beef exports continue high - 17/09/2021 - Orange trees bloom in some orchards in SP - 17/09/2021 - Harvesting of record crop begins in Brazil; farmers are optimistic - 17/09/2021 - Sales of hydrous ethanol decrease, while for anhydrous, trades are 23% higher this season - 17/09/2021 - Robusta Index nears 760 BRL/bag in Brazil; crops bloom in ES and RO - 17/09/2021 - With dollar appreciation, liquidity increases in BR; rains hearten farmers in PR - 17/09/2021 - Devaluations abroad and higher domestic supply press down prices - 17/09/2021 - With progress of the harvesting and disinterested purchasers, prices continue to drop in BR - 17/09/2021 - Prices still on the rise in Brazil; Index hits 142 BRL/bag - 02/09/2021 - Dollar influences domestic prices in August, which end the month stable - 02/09/2021 - With disinterested purchasers, corn prices drop in most Brazilian regions - 02/09/2021 - Lower production in 2021/22 boosts prices, and Index sets a record in BR - 02/09/2021 - Nearness of the harvesting presses down values in BR in late August, but monthly average rises - 02/09/2021 - Prices end August on the rise in SP - 02/09/2021 - High production costs and weather issues lead to valuations, but profitability continues impaired -

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Decreasing prices but positive fundaments at least till 2008

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