Arabica has pressure this week with the harvest advancing in Brazil and conilon has price adjustments in the US and UK stock exchanges

The Arabica coffee futures market ended the last trading session of the week with devaluation for the main contracts on the New York Stock Exchange (ICE Future US). December/23 had a drop of 115 points, traded for 148.65 cents/lbp, March/24 had a drop of 115 points, worth 149.80 cents/lbp, May/24 recorded a drop of 120 points, worth 150.90 cents/lbp lbp and July/24 had a drop of 115 points, quoted at 151.60 cents/lbp. On a weekly basis, the reference contract fell 1.98% in New York. "The harvest has triggered some coffee sales on the spot market, as Brazilian coffee growers sell their current stocks to make room for newly harvested coffee," highlighted the international analysis on the Barchart website. Even so, the week was still marked by slower business, also due to the September 7th holiday. The producer is waiting for new price levels, but analysts are emphatic in saying that they need to participate in the market so that the margin does not become even narrower, as the ...