The price of ‘Arabica’ coffee has risen for the third day in a row amid the escalation of fear of the supplies of Brazil, the largest producer in the world, at a time when clients monitor the results of the crop amid possible risks to the crop due to wet weather. The most active contract rose 1.7% to $ 3.065 per pound, with the longest profits in more than two months. The future contracts this week see a remarkable increase as a result of the fear of a cold wave that hits coffee cultivation areas, as well as the ongoing ambiguity of the US threat to impose custom duties with 50% on Brazilian goods. “About 59% of coffee crops in the country have been harvested until July 18, but this percentage can be affected by the increase in humidity and the cloud cover expected this week, according to the club,” Climatempo “. The weakening of the coffee crop has indicated that traders are at the equatoric traders who are complicated. Coffee crane grains, which reflect the intensity of the concerns about low production, according to the market analyst in Rabobank Morrry Moriori.
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