Brazil: Coffee fails to sustain a positive scenario and returns to operate with losses in the US

게시됨 2023년 3월 27일

Tridge 요약

The Arabica coffee futures market has once again seen a return to negative pricing on the New York Stock Exchange. This comes as no surprise to analysts, who have predicted a market of great instability, especially with the upcoming harvest in Brazil. At midday, the prices for May/23, July/23, September/23, and December/23 were all down with values between 50 and 70 points. In contrast, the conilon coffee type in London saw appreciation. Additionally, the dollar experienced a 0.19% drop and was traded for R$ 5.24 on sale, reflecting a decrease in global fears about the banking sector and anticipation for Brazil's new fiscal framework and the Central Bank's monetary policy meeting minutes.

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원본 콘텐츠

The Arabica coffee futures market returned to operating in the negative after opening the week trying to advance this Monday morning (27) on the New York Stock Exchange (ICE Future US). Confirming the trend predicted by analysts, the coffee producer continues to observe a market of great instability. No big news, but with the harvest in Brazil approaching, the producer also observes the pressure on prices. Around 12:16 pm (Brasília time), May/23 was down 70 points, trading at 178.55 cents/lbp, July/23 was down 50 points, worth 177.80 cents/lbp, September/23 was down of 50 points, worth 176 cents/lbp and December/23 had a low of 50 points, worth 174.05 cents/lbp. In London, the conilon type continues to operate with appreciation in the main reference. May/23 advanced by US$ 22 per ton, traded at US$ 2212, July/23 was down by US$ 1 per ton, traded at US$ 2165, September/23 was down by US$ 7 per ton, traded at US$ 2122 and November/23 had a low of US$ 7 per ton, negotiated for US$ ...

출처: NoticiasAgricolas