USA: Coffee market operates with a fall this Thursday afternoon in NY, while advancing in London in UK

Published 2023년 3월 9일

Tridge summary

On March 9, 2023, Arabica coffee futures contracts saw a significant drop of 200 to 175 points on the New York Stock Exchange, with the March/23 contract quoted at 177.55 cents/lbp. Despite this, the London Stock Exchange reported gains for the same contracts. The market is also supported by limited offers from the main Robusta producer, Vietnam. The dollar's performance against the real showed losses for a second consecutive session, although it showed instability, as market participants awaited Brazil's new fiscal framework and a major US employment report.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This Thursday afternoon (09), Arabica coffee futures contracts operated with devaluation on the New York Stock Exchange (Ice Futures US), in which they fell from 200 to 175 points. On the London Stock Exchange, negotiations work with gains in this trading session. At around 12:59 pm (Brasília time), the March/23 contract recorded a drop of 200 points and is quoted at 177.55 cents/lbp, while the May/23 contract has a loss of 175 points and is priced at 175.60 cents /lbp. In the case of Julho/23, it operated with a devaluation of 185 points and quoted at 174.95 cents/lbp. In London, the March/23 contract registered a gain of US$ 10 per ton, negotiated for US$ 2150. The May/23 contract showed a rise of US$ 12 per ton and was worth US$ 2171, July/23 registered an appreciation of US$ 14 per ton and quoted at US$2162. According to information from the agency Reuters, dealers noted that stocks certified by ICE were starting to rise again, after falling to the lowest level this year, with ...

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