Decreasing values in slow domestic market

In the second fortnight of February, Brazilian coffee market moved at a slow pace, especially due to the Carnival holiday. Growers kept retreated, betting on increasing prices. On Feb 27th, the CEPEA/ESALQ Index for the type 6, delivered in Sao Paulo (capital) closed at 265.25 reals or 111.87 dollars per bag of 60 kilos, down 3.4 percent in Real from Jan 30th. In the same period, the Index for robusta type 6, in the origin Espirito Santo state, dropped 5.7 percent in Real, to 219.39 reals or 92.53 dollars per bag of 60 kilos on Feb 27th. The harvesting for this variety is expected to start at the end of April in Espírito Santo state - activities should be intensified from June on.

According to the International Coffee Organization (ICO), in January, global grain exports totaled 7.792 million bags of 60 kilos, 2.55 percent less than in the same period 2008. (Cepea - Brazil)

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