Arabica coffee prices near two-month highs

Arabica coffee prices continue to hold near the highest levels in two months, as traders consider the extent of damage from frost and the limited hedging by roasters that has driven fund buying.

Theo Doanh nghiệp & Tiêu dùng The most active trading contract rose by as much as 0.8% before turning slightly lower, but still maintained an increase of about 6% this week, as farmers continued to assess the damage from the frost in the main coffee-growing regions last week, according to Bloomberg. Although weather conditions improved this week, temperatures are expected to rise in the coming days, which could affect the quality of coffee beans in the next harvest, according to meteorologist Dayane Figueiredo of Climatempo. "Although the current scenario is favorable for crop management and harvesting, it also increases the risk of forest fires and forces farmers to pay more attention to minimizing environmental damage as well as crop losses," Mr. Figueiredo commented. Meanwhile, the hedging level of coffee roasters, which is already at a record low—usually rising sharply in the period from August to October—also ...