The week is marked by retracted Vietnam: Robusta advances 3.60% and arabica is up 1.90%
Market & Price Trends
Published Mar 29, 2024
Tridge summary
The recent Coffee week spotlighted the coffee market's dynamics, with a focus on Asia's, particularly Vietnam's, shrinking market share and the consequential rise in Robusta prices, which in turn benefits Arabica prices. This scenario offers Brazilian producers favorable opportunities, especially in terms of exchange relationships for the forthcoming harvest. Despite a significant price adjustment on Friday, the reference contract on the New York Stock Exchange ended the week on a higher note. The market is keeping a close eye on Brazil's weather conditions, as the main coffee-producing regions have experienced favorable weather for harvest development, though recent heatwaves have sparked concerns over fruit ripeness. Brazil remains hopeful about recovering from past losses and is eager to explore new markets in the upcoming harvest season, despite the looming climate uncertainties.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Once again, coffee week was marked by concerns about Asia. Vietnam continues to have a restricted market share and the rise in Robusta also supports the appreciation of Arabica. The moment, according to analysts, continues to be one of good opportunities for the Brazilian producer, in terms of restrictions and especially in the exchange relationship for the next harvest. Friday, however, was marked by a strong adjustment in prices after an intense week of appreciation. The reference contract on the New York Stock Exchange closed with 180 points, trading for 188.85 cents/lbp. Compared to last week, prices increased 1.95%. In London, May/24 saw an increase of US$ 80 per ton, quoted at US$ 3396 per ton, which means an increase of 3.60% in the weekly accumulated. + Vietnam "exits" the market, robust has a constant explosion and keeps a window of opportunities open for Brazil The market also continues to monitor weather conditions in Brazil. So far, the main producing sources have ...
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