World: Vietnam, Colombia, and Indonesia import Brazilian coffee

Published 2024년 5월 20일

Tridge summary

Arabica and Robusta contracts on ICE Futures US and Europe fluctuated, with strong highsFrame due to low global stocks, increasing consumption, good Brazilian exports, and climate issues in coffee-producing countries due to La Nina. ICE Future USA's Arabica contracts for July saw a significant increase, reaching US$ 2.06 pound/weight (+ 870 pts). Cecafé reported a 53% increase in April shipments compared to the same month in 2023, with 4.22 million bags shipped. The first batches of the 2022/2023 harvest are small, and there has been a increase in requests for certificates of origin for shipment.

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

Original content

Carvalhaes Bulletin, 5/17 Arabica contracts on ICE Futures US, in New York, and Robusta contracts, on ICE Europe, in London, fluctuated during the week. Friday: strong highs, and goes up and down throughout the week Causes: Low stocks in the world, rising consumption, good numbers of Brazilian exports (Cecafé) – with Colombia and Indonesia importing Brazilian beans – and climate problems in the main coffee producing countries: La Nina It arrives in the second half of the year and worries the global market. The phenomenon should cause changes in the climate of coffee-producing regions around the world. ICE Future USA: Arabica contracts for July = US$ 2.06 pound/weight (+ 870 pts) (Week = 5th: - 150 pts / 4th: - 145 pts / 3rd: + 480 pts / 2nd: - 510 pts. Accumulation in the week: + 545 pts) ICE Future Europe: Robusta contracts for July = US$3,518/ton (+US$98) Week: 5th = + US$ 18 / 4th = - US$ 31 / 3rd = + US$ 34 / 2nd = US$ - 41. Accumulation in the week: +US$ 78) Certified grains ...

Source: Cafepoint