New York Stock Exchange in the US opens with moderate increases for coffee and cocoa

The prices of cocoa expiring in July rose 0.75% at the opening of New York Stock Exchange trading this Friday (21/6). As a result, contract prices are at US$9,670 per ton. The reasons for the recent increases are the reduction in industrial inventories for the third consecutive year. Excessive rain and diseases, such as the bud bloat virus, have reduced arrivals of cocoa at export terminals in Côte d'Ivoire, as pointed out by the international quotes website Gro Intelligence. On market fundamentals, associated adverse weather conditions continue to hamper production in key regions of West Africa, which accounts for three-quarters of global cocoa production Arabica coffee, which reached an increase of almost 4% the day before, gave way due to the rise in the dollar and today is up 0.72% at the opening of the session. Papers due in July are priced at US$2.3190 per pound. Negotiations are slower. Price variations continue to be supported by robust coffee rises on the London Stock ...