International values reach the highest level of 2007

The international coffee prices increased expressively during the second fortnight of September, boosted by the dry and hot weather in Brazil. At the New York Board of Trade (ICE Futures), arabica contracts that expire in December overtook the 130 cents of dollar per pound, the highest level of this year.

Sparse rainfall reached arabica coffee crop areas of the states of Sao Paulo and Parana last days. However, the volume was not enough to stimulate new blooming. It is necessary frequent rains from now on.

The dry weather should damage the next crop season (2008/09) and, consequently, reduces the positive biannual cycle of the coffee.

Last Friday, Sept 28th, the CEPEA/ESALQ Index for arabica type 6, delivered in Sao Paulo (capital) closed at 260.25 reals or 142.21 dollars per bag of 60 kilos, upping 3.25 percent in Real over Aug 31st. For robusta type 6, in the origin Espírito Santo state, the Index closed at 205.38 reals or 111.98 dollars per bag last Friday, increase 1.9 percent in Real in relation to Aug 31st.


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