Arabica coffee on the US Stock Exchange presents adjustments after appreciation, while the UK monitors Asian trends
Raw Common Coffee Bean
Published Feb 29, 2024
Tridge summary
Arabica coffee futures market presents price adjustments on the New York Stock Exchange (ICE Future US) Dry weather conditions in Brazil in the last trading session is counterbalanced by international uncertainties. The support obtained due to dry weather conditions in Brazil in the last trading session is counterbalanced by international uncertainties, which, according to analysts, will maintain volatility in the short and medium term. Logistical challenges persist in the Middle East, impacting the main global coffee exporters. Changes in ship routes have caused delays in cargo shipments for Ethiopian exporters.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
At the opening of trading this Wednesday (28), the Arabica coffee futures market, after registering significant increases in the last trading session, presents price adjustments on the New York Stock Exchange (ICE Future US). The support obtained due to dry weather conditions in Brazil in the last trading session is counterbalanced by international uncertainties, which, according to analysts, will maintain volatility in the short and medium term. At around 9:23 am (Brasília time), contracts for May/24 showed a drop of 130 points, being traded at 181.75 cents/lbp; July/24 registered a devaluation of 135 points, quoted at 180.30 cents/lbp; September/24 indicated a drop of 135 points, with a value of 180 cents/lbp; and December/24 experienced a drop of 130 points, quoted at 180.20 cents/lbp. On the London Stock Exchange, conilon coffee also operated in negative territory. Contracts for May/24 showed a drop of US$43 per ton, being traded at US$3034; July/24 showed a drop of US$43 per ...
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