Despite the low supply of Robusta coffee in Brazil, prices for the variety are falling. According to Cepea researchers, the pressure comes from reductions in external values, which are being influenced by the prospect of an improvement in the 2016/17 harvest in Vietnam, the world's largest producer of Robusta.
In general, negotiations in the domestic market are slow, as many buyers are out of the market. Between November 14th and 22nd, the CEPEA/ESALQ Indicator for Robusta type 6 sieve 13 above dropped a significant 7.37%, closing at R$ 511.54/60 kg bag this Tuesday, 22nd. As for Arabica, prices also are falling. The CEPEA/ESALQ Indicator for Arabica type 6 hard drink for better, placed in the capital of São Paulo, closed at R$ 559.99/60 kg bag this Monday, down 0.57% compared to the previous Tuesday's closing.
Source: Cepea
