The cost of premium grain has doubled in one year and approaches $ 4 per pounds, which is the longest growth series since 1980.
Futures for Arabica, a variety of coffee, mainly used in coffee institutions, climbed 1.6%on Tuesday. The cost of premium grain has increased in one year and approaches $ 4 per Libra, which is the longest growth series since 1980. Bloomberg reported it on Tuesday, February 4.
The main manufacturer of Arabica – Brazil – continues to cause concern to entrepreneurs. Record export supplies at the beginning of the period that led to a reduction in the best offer. According to Comxim LTDA, in 2025-2026 the year of marketing, Arabica and Robusta will decline in the country.
Coffee stocks in certified warehouses have been at a minimum level since November, however, the recent increase of grain volumes that expect its assessment may slightly weaken the deficiency.
Also, according to Somar Meteorologia, last week in the major regions of growing Arabica in Brazil, the rain was held after a long time.
Earlier it was reported that the world’s prices for Cocoa were updating a historical record. Cocoa futures in New York have achieved a new history record. The most active contract grew by 5%, reaching $ 11,578 per metric ton at the beginning of the trade on Friday, April 19.
In December 2024, the coffee futures of the Arabica varieties in the New York Exchange reached $ 3.434 per pounds, highest in 1972.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.