Brazil: Uncertainties with demand weigh and coffee retreats more than 3% in NY
생원두
브라질
게시됨 2023년 3월 9일
Tridge 요약
The concern with the global demand for coffee weighed again on the market and in the early afternoon of this Wednesday (8) the quotations retreated more than 3% on the New York Stock Exchange (ICE Future US).
원본 콘텐츠
Around 12:34 pm (Brasília time), May/23 was down 635 points, traded at 176.25 cents/lbp, July/23 was down 625 points, quoted at 175.65 cents/lbp, September/23 was drop of 605 points, worth 174.30 cents/lbp and December/23 had a drop of 560 points, worth 172.902 cents/lbp. According to an analysis by Fernando Maximiliano, from StoneX Brasil, the market monitors consumption indicators, which has generated great concern in relation to the global demand for the product. "We have data that show us that demand remains weaker, and that it may even have recovered pre-pandemic levels", he comments. For the analyst, the consumption numbers in the domestic market, released by the Brazilian Coffee Industry Association (ABIC) last week are still digested by the market. The report pointed to a 1.01% drop in consumption in 2022, justified by inflation and the rise in response to climate problems that resulted in two failed harvests. Maximiliano adds that for the next few days, the official ...