Coffee market continues to operate with lows in the US and UK Stock Exchanges

Published 2023년 3월 23일

Tridge summary

Arabica coffee futures contracts saw a significant drop on the New York and London Stock Exchanges on Thursday, with the May/23 expiration date experiencing the largest loss of 390 points. This decline is linked to the slow crop of Robusta coffee in Vietnam, which is causing concern due to low inventories. Additionally, the financial market is grappling with the government's potential criticism of the Central Bank, as it has maintained a high Selic rate amidst calls for a decrease, leading to a sharp increase in the value of the dollar against the real.

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

Original content

This Thursday afternoon (23), Arabica coffee futures contracts operated with devaluations on the New York Stock Exchange (Ice Futures US), in which they fell from 290 to 390 points. On the London Stock Exchange, negotiations also work with lows in this trading session. Around 1:15 pm (Brasília time), the May/23 expiration date, which had dropped by 390 points and was quoted at 174.10 cents/lbp. The July/23 contract has a loss of 360 points and is priced at 173.25 cents/lbp. In the case of September/23, it operated with a devaluation of 340 points and quoted at 171.50 cents/lbp and December/23 worked with a drop of 290 points and priced at R$ 169.90 cents/lbp. In London, the May/23 contract registered a drop of US$ 6 per ton, negotiated for US$ 2105. The July/23 contract registered a decrease of US$ 10 per ton and worth US$ 2085, the September/23 registered a devaluation of US$ 4 per ton and quoted at US$2056. According to information from Barchart, the market is focused on the ...

Source: NoticiasAgricolas