After pressure from the Brazilian harvest, coffee sees slight increases this Thursday

Published 2024년 7월 25일

Tridge summary

The arabica futures market saw slight gains after an initial drop, bolstered by the robusta market's progress. Despite advancements in the Brazilian harvest, concerns about yield and uncertainty surrounding Vietnam's upcoming harvest add to market volatility. Key contract prices for both arabica and robusta have increased, reflecting ongoing worries about global coffee supply and expected declines in Brazilian coffee production for the 2024/2025 season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After starting the day with devaluation, the arabica futures market returned to operating with slight increases for the main contracts. Once again, Arabica is supported by Robusta, which has been advancing since the beginning of the trading session. The progress of the Brazilian harvest is positive, but concerns about yield remain on the radar. Furthermore, with the uncertainty of Vietnam's harvest - which only starts in November, analysts say that volatility should be maintained in the medium term. At around 12:12 pm (Brasília time), September/24 had an increase of 160 points, traded for 232.75 cents/lbp, December/24 had an increase of 165 points, quoted for 231.75 cents/lbp, March/25 had appreciation of 180 points, worth 230.35 cents/lbp and May/25 had an increase of 155 points, quoted at 227.95 cents/lbp. In London, Robusta rose by US$ 25 per ton, traded for US$ 4352, November/24 had an increase of US$ 16 per ton, quoted at US$ 4192, January/25 had an increase of US$ 14 per ...

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