USA: With a new drop in certified stocks and a low dollar, coffee starts the week moving forward

Published 2023년 9월 11일

Tridge summary

Arabica coffee futures saw significant price increases on the New York Stock Exchange in the first trading session of the week, with December/23, March/24, May/24, and July/24 contracts all experiencing gains. On the London Stock Exchange, conilon coffee also advanced at the beginning of the week, with November/23, January/24, March/24, and May/24 contracts all increasing in price. The coffee market was supported by the fall of the dollar and the appreciation of coffee prices in Brazil's main sales areas.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Arabica coffee futures market ended the first trading session of the week with a significant increase in prices on the New York Stock Exchange (ICE Future US). + Unprecedented: Coffee importers visit Brazil and invest more than R$4 million buying Amazon Robusta December/23 had an increase of 420 points, traded for 152.85 cents/lbp, March/24 had an increase of 405 points, worth 153.85 cents/lbp, May/24 had an increase of 395 points, quoted for 154.85 cents /lbp and July/24 recorded an appreciation of 380 points, worth 155.40 cents/lbp. On the London Stock Exchange, the conilon type also advanced at the beginning of the week. November/23 saw an increase of US$ 32 per ton, traded for US$ 2439, January/24 saw an increase of US$ 36 per ton, worth US$ 2347, March/24 saw an increase of US$ 38 per ton, worth US$ 2297 and May/24 had an increase of US$ 37 per ton, traded for US$ 2277. A new low in certified stocks at ICE provided price appreciation support. "Arabica coffee stocks ...

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