{"id":16824,"date":"2020-07-10T19:17:20","date_gmt":"2020-07-10T22:17:20","guid":{"rendered":"http:\/\/www2.safras.com.br\/?p=16824"},"modified":"2020-07-10T19:17:20","modified_gmt":"2020-07-10T22:17:20","slug":"brazilian-growers-sold-40-of-20-21-coffee-crop","status":"publish","type":"post","link":"https:\/\/dev.novo.safras.com.br\/eng\/brazilian-growers-sold-40-of-20-21-coffee-crop\/","title":{"rendered":"\ufeffBrazilian growers sold 40% of 20\/21 coffee crop"},"content":{"rendered":"\n<p><strong>Brazilian\ngrowers sold 40% of 20\/21 crop<\/strong><\/p>\n\n\n\n<p>The fall in prices\nlast June, of course, weakened negotiations in the domestic physical market. However,\neven with a slower selling rhythm, commercialization continues accelerated. Growers\nknew how to take advantage of price rebounds to accelerate their forward positions\n(through barter and, especially, future sales). With that, they managed to set\ntheir commercial flow very well.<\/p>\n\n\n\n<p>There were many\nopportunities for sellers. The rebound on ICE Futures U.S. in December last\nyear, and a new, lower one in early March this year. Then, the dollar\u2019s\nescalation, which went from late March to May. With that, growers arrived at\nthe beginning of the 20\/21 business season very well sold (not only in terms of\nprices but also in percentage sold of the crop). Now, in the face of the price\ndecline, growers try to manage their cash needs, without the natural selling pressure\nduring the crop arrival.<\/p>\n\n\n\n<p>Therefore, the market\nhas lost some pace. Some agents are trying to bring forward the delivery of\nfuture sales, even with a good demand from trading companies (without negative\nspread). This helps growers to get cash in advance, reducing their need to go to\nthe market. Only those most in need of money show up. Yet, they seek to take\nadvantage of rallies to unlock their business. In general, the commercial flow\nhas lost some intensity.<\/p>\n\n\n\n<p>The monthly survey by\nSAFRAS indicates that, until July 7, the commitment of the 2020\/21 crop by growers\nwas at 40% of production. The sales flow remains much faster compared to the\nsame period last year, when it reached 34% of the expected output. It is also\nwell above the average of the last 5 years for the period, when 30% were sold.\nArabica stands out with 42% of production negotiated, against 33% in the same\nperiod last year and 29% on average. Conillon sales gained intensity with the\nadvance of the harvest and reached 36% of production, against 36% in 2019 and\n34% on average.<\/p>\n\n\n\n<p><strong>Harvest\nadvances well and reaches 56% of 2020\/21 crop in Brazil<\/strong><\/p>\n\n\n\n<p>The harvest continues at a good pace, taking\nadvantage of the favorable climate. The harvest progressed 8% over the previous\nweek, even so, it remains very late, especially in comparison with the same\nperiod last year. Highlight on the quality of the cup in the case of arabica.\nAnd watch out for signs of conillon crop losses in Esp\u00edrito Santo crop.<\/p>\n\n\n\n<p>The weekly survey by SAFRAS indicates that,\nuntil July 7, the harvest of the 2020\/21 season in Brazil reached 56% of the\nproduction estimated at 68.10 million 60-kg bags. Thus, 38.05 million bags have\nalready been reaped. The progress is well below the same period last year, when\nit reached 68% of production, and slightly below the 5-year average of 58% for\nthe period.<\/p>\n\n\n\n<p>In the case of arabica, the harvest is 46% complete,\nagainst 60% at the same time last year, and 48% on the average of the last 5\nyears. The quality of the cup and the bean size are positive highlights in\nseveral regions, confirming, until now, the profile of record production and\nexcellent quality.<\/p>\n\n\n\n<p>The conillon harvest is 79% complete. Despite\nthis, it remains well below the same period last year (84%) and also below the five-year\naverage (86%). The COVID-19 protocol helps explain the progress of the work.\nThe crop in Esp\u00edrito Santo has performed below expectations, which should lead\nto a downward revision in the crop size. However, the crop in Bahia\nand Rond\u00f4nia has been better than expected and is likely to offset losses in\nEsp\u00edrito Santo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brazilian growers sold 40% of 20\/21 crop The fall in prices last June, of course, weakened negotiations in the domestic physical market. However, even with a slower selling rhythm, commercialization continues accelerated. Growers knew how to take advantage of price rebounds to accelerate their forward positions (through barter and, especially, future sales). With that, they [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[],"commodity":[],"class_list":["post-16824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\ufeffBrazilian growers sold 40% of 20\/21 coffee crop - SAFRAS &amp; Market<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\ufeffBrazilian growers sold 40% of 20\/21 coffee crop - SAFRAS &amp; Market\" \/>\n<meta property=\"og:description\" content=\"Brazilian growers sold 40% of 20\/21 crop The fall in prices last June, of course, weakened negotiations in the domestic physical market. However, even with a slower selling rhythm, commercialization continues accelerated. Growers knew how to take advantage of price rebounds to accelerate their forward positions (through barter and, especially, future sales). 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