International prices drop due to rains forecast

The rains forecast for the next days in Brazil have been pressuring the international coffee values at the beginning of this week. On Monday, Oct 15th, arabica futures decreased 925 points at the New York Board of Trade (ICE Futures). Up to now, the drought has boosted the international values.

In the domestic market, trades moved slowly. In general terms, growers offered small volumes, betting on higher prices in the short time. On Monday, Oct 15th, the CEPEA/ESALQ Index for arabica type 6, delivered in Sao Paulo (capital) closed at 255.68 reals or 140.87 dollars per bag of 60 kilos, dropping 5.8 percent in Real over Oct 8th.

For robusta, prices also decreased both in the domestic and international markets. At the London International Financial Futures Exchange (Euronext.Liffe), contracts that expire in November averaged 2.075 dollars per ton on Monday, down 75 points. Even so, the levels are the highest in nine years - the bases are still positive (global restrict supply and low inventories levels in a short time in Vietnam, main global producer).

In Brazil, robusta values also moved down. The type 6, in the origin Espírito Santo state averaged 205.31 reals or 113.12 dollars per bag of 60 kilos, decreasing 0.3 percent.

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