Market remains concerned about Asia and conilon has a new high day in London

Published 2024년 2월 19일

Tridge summary

Robusta coffee futures have seen a rise in the main contracts on the London Stock Exchange due to supply concerns from Asia. All contracts for May/24, July/24, September/24, and November/24 experienced increases. This is due to the record low stocks of Robusta coffee tracked by ICE, which has supported the price increase. This situation is beneficial for Brazilian producers who are currently enjoying high prices. Meanwhile, in Brazil, the day was marked by stability in the country's main commercial areas.

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

Original content

The Robusta coffee futures market ended trading this Monday (19) with appreciation for the main contracts on the London Stock Exchange. The market continues to be supported by concerns about supply from Asia. May/24 saw an increase of US$ 31 per ton, traded for US$ 3172, July/24 saw an increase of US$ 25 per ton, worth US$ 3101, September/24 registered an appreciation of US$ 22 per ton, quoted by US $ 3038 and November/24 increased by US$ 21 per ton, quoted at US$ 2975. Robusta coffee remains supported after Robusta coffee stocks tracked by ICE on Friday fell to a new record low. Low availability in Asia continues to support prices and there is no expectation of change in the short term. The current condition leaves the moment favorable for producers in Brazil, who continue to enjoy the high days. In Brazil, without the reference of New York, the day was marked by stability in the ...

Source: NoticiasAgricolas