Cepea, December 1, 2020 – Arabica coffee prices increased sharply in the Brazilian market in November, reflecting the international valuations for this variety, which, in turn, are linked to the hurricane Iota in Central America. News agencies have reported damages to coffee crops in Honduras, the major coffee-producing country in the region and truly relevant in the composition of certified inventories at the New York Stock Exchange (ICE Futures).
Coffee farmers are still assessing the damages caused by the hurricane, but the Honduras Coffee Institute (IHCAFE) has reported that millions of bags, which could be exported, have been compromised
Fonte: CEPEA
