Trade4go Summary
Arabica coffee prices have experienced significant fluctuations due to concerns over cold weather damage to crops in the Mogiana Paulista and Cerrado Mineiro regions of Brazil. Initial worry led to an increase in prices, but as temperatures rose and the risk of new frosts was ruled out, prices began to fall. However, concerns over a tight global supply later in the week contributed to a rise in prices, as reported by CEPEA researchers.
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Original content
Arabica coffee prices have fluctuated quite sharply in recent days. According to CEPEA researchers, the cold snap that hit the crops of this variety in the Mogiana Paulista and Cerrado Mineiro regions caused concern in the market, a context that resulted in higher prices for the bean at the beginning of last week. However, as temperatures rose, the possibility of new frosts was ruled out, and prices began ...