Rains in Brazil: Coffee starts the week with pressure in New York

The Arabica coffee futures market ended the first trading session of the week with a devaluation for the main contracts this Monday (27) on the New York Stock Exchange (ICE Future US). May/23 dropped 125 points, traded at 186.45 cents/lbp, July/23 dropped 184.90 cents/lbp, September/23 dropped 100 points, quoted at 182.75 cents/lbp and December /23 was down 95 points, worth 180.70 cents/lbp. On the London Stock Exchange, the conilon also had a devaluation day. May/23 had a drop of US$ 18 per ton, traded for US$ 2133, July/23 had a drop of US$ 16 per ton, traded for US$ 2121 and September/23 had a fall of US$ 15 per ton, traded for $2099. According to an analysis by the international website, prices had a day of pressure as concerns about Brazilian crops subside. "Coffee prices are moderately lower this morning as concerns about flooding in Brazil have eased, which should allow farmers in Minas Gerais, Brazil's biggest arabica producing region, to get back into the coffee fields to ...