Arabica coffee falls from 47-year high in overbought market

게시됨 2024년 12월 2일

Tridge 요약

ICE coffee futures experienced a decline on Monday following a surge to 47-year highs, with Arabica coffee dropping about 6% to dip below $3 a pound and Robusta coffee futures decreasing by 8% to fall below $5,000 a metric tonne. This sell-off was attributed to technical trading signals suggesting an overbought market and concerns over Brazil's currency impacting coffee sales. Despite the drop, worries persist regarding the potential impact of severe drought on Brazil's arabica crops in 2025, and the rise in coffee prices this year has made it one of the best-performing commodities, alongside cocoa, which has more than doubled.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

LONDON (Reuters) - ICE coffee futures fell on Monday after hitting 47-year highs in the previous session as technical trading signals suggested the market was overbought. A weak currency in top producer Brazil also sparked selling. COFFEE * Arabica coffee was down about 6% by 1230 GMT to below $3 a pound, after hitting its highest since 1977 at $3.3545 on Friday. * Robusta coffee futures fell 8% to below $5,000 a metric tonne, having peaked at $5,694 a tonne on Friday, also the highest since 1977, according to the International Coffee Organization (ICO) price index. * Traders said the market was technically overbought “on the tight supply theme,” but added that concerns remained over whether Brazil’s arabica crops would have enough power to produce a strong crop in 2025 after this year’s severe drought. * At the same time, a weakening Brazilian real is weighing on coffee, encouraging exporters in ...

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.