USA: Coffee has a week marked by a drop in exports from Brazil and Colombia, but has a drop in the accumulated

Published 2023년 3월 10일

Tridge summary

The Arabica coffee futures market saw an increase in prices at the New York Stock Exchange, with May/23 up 275 points at 177.80 cents/lbp. This increase is due to global concern over the coffee offer, with both Colombia and Brazil reporting significant drops in exports. Colombia's exports fell by 6% in February, while Brazil's fell by 33% compared to last year. Despite these drops, Brazil continues to export to at least 120 countries. Meanwhile, producers are cautious when closing deals as they wait to see the recovery in production. In Brazil, there were few variations in the country's main commercial centers.

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

Original content

The Arabica coffee futures market ended the week's trading with appreciation for prices at the trading session this Friday (10) on the New York Stock Exchange (ICE Future US). May/23 was up 275 points, traded at 177.80 cents/lbp, July/23 was up 250 points, quoted at 177.10 cents/lbp, September/23 was up 235 points, traded at 175.45 cents/lbp and December/23 was up 225 points, quoted at 173.70 cents/lbp. Even with today's high, coffee ended the week with a low of 1.39% in the weekly index. Arabica coffee is supported by the concern with the global offer of the product. The week was marked by the release of export figures for Colombia and Brazil. First, the neighboring country reported a 6% drop in February, falling below one million bags in the period. In Brazil, the decline was even more significant, down 33% compared to last year. According to Eduardo Heron, Cecafé's technical director, the casualties are explained by the off-season, the fact that Brazil no longer has any ...

Source: NoticiasAgricolas