Minimum prices for arabica and orange coffee in natura, from the 2023/2024 harvest, were readjusted by the National Monetary Council (CMN). There were more than 10% for coffee and orange will follow updated prices for each region in Brazil, as guides the legislation, being readjusted through the internal and external quotation with the costs of the production.
Any expected change in value needs to be changed before the start of the next season, which is being readjusted at this time. Therefore, until July of this year, the values will remain as they are. Only from July, until June 2024, that consumers will be able to observe the difference in percentage.
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Readjustment of the minimum value of coffee and oranges for this year
The price of Arabica coffee increased by 12.77%, rising from R$606.66 each 60kg bag, to R$684.16 each 60kg bag. Conilon coffee also underwent readjustment, even if it was by a lower percentage. It went through an increase of 5.8%, from R$ 434.82 each 60kg bag to R$ 460.02.
The orange presented the increase in a regional way. The biggest highlight was for Rio Grande do Sul, as there are particular issues of the state's productive system considered in the transfer of production. Therefore, the readjustment of 10% for Rio Grande do Sul and 8.75% for all other Brazilian states was considered.
In the state of Rio Grande do Sul, the readjustment was R$ 20.50 for each 40.8 kg and for other Brazilian states the value of R$ 22.72 for each 40.8 kg was considered. Remembering that these values will only be in force from the next harvest, from July 2023 to June 2024.
It is these readjustments that consider transferring to producers the values that have fluctuated in the market for both oranges and coffee. Only within the stipulated period will consumers feel the difference when they go shopping.
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