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CEPEA: Activity Slow in Early December for Brazilian Coffee Market
CoffeeNetwork (New York) – The latest report from Brazil’s Center of Advanced Studies in Applied Economics (CEPEA) notes that liquidity in the Arabica coffee market, which had increased at the end of November, started to decline again earlier this month. The reason for the weakening pace of sales is the typical retraction of agents at the end of the year, as they await the start of the New Year to resume trading. In this scenario, between November 28 and December 5, CEPEA / ESALQ Indicator of Arabica type 6 fell 0.57%, closing at R $ 455.35 / bag on Tuesday, December 5.
Regarding Robusta, liquidity also remains low. The CEPEA / ESALQ indicator of type 6 closed at R $ 375.80 / bag on Tuesday, December 5, practically stable (+ 0.08%) compared to November 28.
Comexim: Coffee Stockpiles to Drop to 1.035 Million Bags in Brazil by June 2018
CoffeeNetwork (New York) – In their last report, exporter Comexim estimated that coffee inventories in Brazil will drop to 1.035 million 60-kg bags by June 30, 2018. On June 30, 2017, stockpiles were pegged at 2.635 million bags.
The first’s forecast for Brazil’s 2017-2018 crop was 49.4 million 60-kg bags. Consumption was pegged at 21 million bags.