With concern about global supply, coffee extends gains this Wednesday morning for Brazil

The Arabica coffee futures market opened trading this Wednesday (5) extending the gains of the last session on the New York Stock Exchange (ICE Future US). Coffee is supported by the concern with the global offer of the product. According to the National Federation of Coffee Growers, the neighboring country produced 31% less last month and exports also dropped 25% in the period. In Brazil, a heavy hailstorm hit coffee areas in the south of Minas Gerais, causing concern for the sector. Around 09:06 (Brasília time), December/22 was up 140 points, trading at 220.65 cents/lbp, March/23 was up 95 points, quoted at 211.55 cents/lbp, May/23 had high of 125 points, worth 207.40 cents/lbp and July/23 had a high of 90 points, quoted at 204.10 cents/lbp. In London, the conilon-style café opened steadily. November/22 had a drop of US$ 1 per ton, traded at US$ 2171, January/23 had a drop of US$ 2 per ton, worth US$ 2161, March/23 had a drop of US$ 1 per ton, quoted by US $ 2139 and May/23 had ...