World: Coffee and cocoa prices show strong volatility in New York

On the New York Stock Exchange, cocoa and coffee have been classified as ‘volatile soft commodities’, which are trying to stabilize but remain on an ups and downswing, given what the market calls “climate anxiety”. In the case of Arabica coffee, contracts due in December depreciated a little less, with a 0.12% drop on the morning of this Wednesday (10/23). Quoted at US$ 2.4955 per pound, Arabica futures are falling along with Robusta in London, a result of a combination of climate factors and an increase in global exports. In Brazil, the arrival of rains and the main flowering of crops is giving producers a breather and cooling the market. According to the morning assessment by Trading Economics, the increase in stocks monitored by ICE, which reached their highest levels since 2023, is also putting downward pressure on prices. The consultancy also mentions that coffee is recording its biggest decline since the peak of the year, of US$ 2.75/lp, reached on September 26. “However, ...