USA: After confirmation of drop in shipments, coffee opens with technical adjustments in New York
Raw Common Coffee Bean
United States
Published Mar 10, 2023
Tridge summary
The Arabica coffee futures market opened trading this Friday (10) with technical adjustments to prices on the New York Stock Exchange (ICE Future US). Coffee starts the day with adjustments after the Brazilian Coffee Exporters Council (Cecafé) confirmed a significant drop in shipments from Brazil last month. National shipments of the product, in February 2023, totaled 2.396 million 60 kg bags, generating foreign exchange revenue of US$ 505.9 million. The performance implies drops of 33.3% in volume and 38.5% in billing compared to the second month of last year, as the average price per bag, of US$ 211.13, retreats 7.9% in same interval. Around 8:49 am (Brasília time), May/23 was up 30 points, traded at 175.35 cents/lbp, July/23 was up 10 points, quoted at 174.10 cents/lbp, September/23 was high of 25 points, worth 173.35 cents/lbp and December/23 was high of 35 points, worth 171.80 cents/lbp.
Original content
In London, the conilon also operates with technical adjustments. May/23 was down by US$ 12 per ton, worth US$ 2156, July/23 was down by US$ 10 per ton, traded at US$ 2147, September/23 was down by US$ 8 per ...
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