Drivers of the price movement: Heavy rains in southern Brazil continue to generate uncertainty regarding the productive potential of this year's Brazilian crop, with harvesting set to begin at the end of april.

The outlook is negative for local producers, as heavy rains slow down pre-harvest work and create conditions for disease incidence.

Brazilian supply risk has boosted coffee prices this week.

The currencies of Colombia and Brazil recovered positions against the dollar, advancing 0.5% and 1.1%, respectively. The dollar is influenced by economic expectations for the end of the first quarter of the year, as well as the US Federal Reserve's intention to maintain its interest rate hike program. This factor was positive for coffee.

Inventories certified by the Intercontinental Exchange (ICE) fell today to 832 thousand 60 kilogram bags, likewise, at the close there was no volume pending certification.

El Salvador's producers have exported US$155 million of coffee from the 2021-2022 cycle, at an average price of US$237 per quintal.

Coffee exports for the 2021-2022 harvest have grown 51.5% and are expected to close with the highest figure in the last decade, driven by an improvement in the price of coffee at the international level.

Translated by: A.M