World: Coffee and cocoa rise in the USA's New York marked by market volatility

Published 2024년 5월 14일

Tridge summary

Arabica coffee prices on the New York Stock Exchange opened slightly higher at $196.50 per pound due to concerns over global supply, driven by adverse weather in Brazil and Vietnam. The harvest of Conilon coffee in Espírito Santo is critical in influencing the market trend. Meanwhile, cocoa shares for July saw a 4.06% increase, and there is volatility in the almond market due to weaker demand from chocolate companies. Demerara sugar futures and July cotton contracts experienced falls, influenced by factors such as the drop in oil prices, the appreciation of the dollar, and anticipated USDA supply and demand reports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of lots of Arabica coffee due in July open the session on the New York Stock Exchange today at US$196.50 per pound, registering a slight increase of 0.23%. This movement is attributed to concerns about global supply, especially due to adverse weather conditions in Brazil and Vietnam, the world's largest coffee producers Furthermore, the harvest of Conilon coffee in Espírito Santo has begun, and the next few days will be crucial to see if the market responds to the fact with an upward or downward trend. This is because the intense heat affects the quality of the grains and only the progress of the harvest will reflect whether vegetative development was sufficient to supply the ever-increasing global demand with quality, as world producers are experiencing problems with their harvests. Yesterday, the National Council of Coffee Exporters (Cecafé) reported that Brazilian exports of the grain reached the level of 4.2 million 60kg bags in April, a volume 53% higher than the ...

Source: Mercado Do Cacau