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CEPEA: Arabica and Robusta Markets in Brazil Remain Quiet
CoffeeNetwork (New York) – According to the latest report from the Center of Advanced Studies in Applied Economics (CEPEA), the Arabica and Robusta markets were slow last week in Brazil.
Especially for Arabica, after strong declines in domestic and international prices in the past week, buyers and sellers left the spot market, stopping business.
On Tuesday, February 27, CEPEA / ESALQ Indicator of the Arabica type 6 closed at R $ 435.70 / bag, a slight increase of 0.5% compared to the previous Tuesday, February 20.
Regarding Robusta, the CEPEA / ESALQ Indicator of type 6 closed at R $ 318.16 / bag on Tuesday, February 27th, stable (-0.2%) in relation to the previous Tuesday.