With doubts in the global supply, coffee prices try to advance in the US
Raw Common Coffee Bean
United States
Published Mar 27, 2023
Tridge summary
The Arabica coffee futures market opened this week's negotiations trying to advance with prices on the New York Stock Exchange (ICE Future US). The coffee producer continues to follow a market with a lot of volatility. With the approach of the harvest in Brazil and the uncertainties regarding consumption in important consumption poles, such as the United States, ended up putting pressure on prices.
Original content
"While all the numbers reaching the market point to world production below global consumption, very small stocks falling and world consumption rising, the attention of market operators remains firmly focused on the various private estimates of Brazilian coffee harvests this year. year and 2024", highlighted the latest analysis by the Carvalhaes Office. Around 8:39 am (Brasília time), May/23 was up 130 points, traded at 180.55 cents/lbp, July/23 was up 120 points, quoted at 179.50 cents/lbp, September/23 was 120 points high, quoted at 177.70 cents/lbp, December/23 was 120 points high, traded at 175.70 cents/lbp and March/24 had an appreciation of 100 points, worth 175.20 cents/lbp. On the London Stock Exchange, the conilon was also ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.