coffee futures prices - Brazil coffee exports October 2015 : The preliminary coffee exports for the month of October have been announced in Brazil and with exports for the month having been reported to have been 212,199 bags or 6.86% higher than the same month last year, at a total of 3,306,499 bags. Thus while Brazil has once again encountered a deficit production this year and following last year’s deficit production, the combination of good carryover stocks from 2013 and the weaker exchange rate that takes the bite out of the negative effects of the prevailing weak international coffee prices, allows for Brazil to continue with relatively high volumes of coffee exports to the consumer markets.
In the meantime with scattered rain showers still interrupting the early new crop harvest activity, there is not yet much pressure upon the Vietnamese farmers and internal trade to sell off more of their significant carryover robusta coffee stocks. However one might think that should the rains come to an end in the coming days and the harvest starts to pick up, that there might be some more pressure to and some degree of increase in selling activity.
There were further reports of good general rains over the South East Brazil coffee districts yesterday and with further rains forecasted for the week, while the medium terms forecasts are for further rains to follow in the coming weeks. Thus so far in terms of the month of November, the issues of threatening dry weather are very much side lined from market sentiment but the reports were somewhat old news and did had not contribute towards negative pressure within the markets.
There were further reports of good general rains over the South East Brazil coffee districts yesterday and with further rains forecasted for the week, while the medium terms forecasts are for further rains to follow in the coming weeks. Thus so far in terms of the month of November, the issues of threatening dry weather are very much side lined from market sentiment but the reports were somewhat old news and did had not contribute towards negative pressure within the markets.
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