Weather conditions drive coffee prices higher

International coffee prices will remain high in a "weather market" given the climatic conditions that prevail in Brazil, the largest producer.

Wednesday, July 9, 2008

Price fluctuations have been sharp this year with the rise and fall of temperatures in the Brazilian winter, since they take into account possible losses due to frost in producing areas, says the Center of Advanced Applied Economic Studies of the University of Sao Paulo.
On June 30, the September futures for arabica coffee closed at 153.20 dollars per quintal in New York, 12.4 percent higher than at the end of May. A quintal is equal to about 46 kilograms or 101 imperial pounds.

More on this topic

Coffee: Waiting for the Brazilian Harvest

July 2012

The Brazilian coffee crop, which could amount to more than 50 million quintals of grain, could put prices back down again.

Faced with the prospect of a bumper crop of coffee in Brazil, Raul Amador Torres, a senior market analyst says, "The international price of coffee has improved a little and might be quoted at $190 per quintal, however, the trend is that it will go down again ... "

Coffee Prices Continue to Fall

March 2012

The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.

On Tuesday March 6th a quintal of coffee traded at $192.95 on the New York Stock Exchange, down 4.24%, lower again than at the beginning of the week when it was recorded at $201.5.

Price of Arabica Coffee Goes Down

July 2011

The futures prices on the New York Stock Exchange fell on Monday July 18.

Continuing the recent trend, the price of arabica coffee futures experienced a decrease, trading at $243.85 per quintal for delivery in September.

Recently, the price had dropped because of the possibility of frost in Brazil, which could have affected its crop.

Guatemala: Coffee Producers Fear Lower Prices

October 2010

Farmers expressed concern about the possible entry of Brazilian coffee bean in contract "C" of the NY Stock Exchange.

The National Coffee Association (Anacafe) noted that the entry of Brazil could bring down the price of national aromatic high quality bean.

Prensalibre.com reports that according to Ricardo Villanueva, president of the National Coffee Association (Anacafe), "...

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