Brazilian coffee growers are starting the first activities of the 2007/08 crop in some regions, helped by the good weather conditions. For a while, however, grains have not reach the ideal maturation and the volume available in the market is not expressive.
Harvest activities should be intensified from the end of May on. Brazil should harvest between 31.1 and 32.3 million bags of 60 kilos, according to the National Company for Food Supply (Conab).
Last days, coffee supply was restricted. The CEPEA/ESALQ Index for arabica averaged 250.31 reals or 119.77 dollars per bag of 60 kilos last Thursday, decrease 5.8 percent in Real and 4.44 percent in dollar over Feb 28th. For robusta, the Index upped 0.9 percent in Real and 2.4 percent in dollar, closing at 202.58 reals or 96.93 dollars per bag.