The price of Robusta coffee continues to rise on the domestic market, highlights the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP.
This Tuesday (2/4), the Cepea/Esalq indicator for Robusta coffee reached R$992.21 per 60-kilo bag, the highest value in Cepea’s historical series for the variety, which began in November 2001, in terms reais (deflation by the IGP-DI of February 2024).
In March, the appreciation was 13.3% or R$ 111.67 per bag. The monthly average of the indicator was R$892.73 per bag, 6% higher than in February and 38.1% higher than in March 2023, and also a record.
According to Cepea researchers, the boost comes mainly from the greater international demand for the Brazilian variety.
Foreign buyers have been traveling to Brazil, faced with problems related to the harvest in Vietnam, which is the largest producer of Robusta in the world. In December, the United States Department of Agriculture (USDA) indicated that the Asian country’s production could fall by 12% compared to data released in June last year.
