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Appointed as, the coffee is still in the shot, renewing historical ups and weighing in the pocket of the population.
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What happened
- On Wednesday (29/1), the price of coffee has reached the highest nominal value in almost 50 years, since 1977, closing the day negotiated at US $ 3,665 per pound at ICE (Global Reference for Café Arabica prices ).
- Just over a year ago, at the end of October 2023, the price of coffee was $ 1.693, less than half of the current value.
- With the trigger in commodity prices, Brazilians feel the impacts on their pockets. Over the past year, the price of coffee to the end consumer has shot more than 40%.
- In January 2024, the kilo of roasted and ground coffee cost an average of R $ 29.62. In December, the value was $ 42.65.
Climatic factors interfere
It is the climate issue, with adversities that have reached the last harvests, as well as the low stocks of the industry.
With the high prices also in the international market, Brazil has been exporting more. Last year, the country registered a 28% growth in the number of bags boarded (50.4 million) compared to 2023.
New increases come there
. Future readjustments have already been announced by associations representing coffee producers in the country. The expectation is for a weak harvest because of droughts that reached the main producing regions last year.
Currently, in volume, coffee is the second most negotiated commodity in the world – behind only oil. In addition to Brazil, Vietnam, which is also among the largest producers, also suffers from climate problems and drop in production.
