USA: Awaiting official data from Brazil, coffee maintains declines this Thursday in New York
Raw Common Coffee Bean
United States
Published Mar 9, 2023
Original content
The arabica coffee futures market started trading this Thursday (9) still with lows for the main contracts on the New York Stock Exchange (ICE Future US). Coffee extends the lows of the previous session, still reflecting concerns about global demand for the product. In addition, operators are waiting for official data from the Brazilian Coffee Exporters Council (Cecafé) to be released this Thursday, the number will be a strong driver for the market in the coming days, according to analysts interviewed by Notícias Agrícolas. Around 8:03 am (Brasília time), May/23 was down 45 points, traded at 176.90 cents/lbp, July/23 was down 35 points, quoted at 176.45 cents/lbp, September/23 was down 30 points, worth 175 cents/lbp and December/23 had a drop of 30 points, worth 173.30 cents/lbp. On the London Stock Exchange, the conilon type rose again this morning. May/23 advanced US$ 22 per ton, worth US$ 2181, July/23 was high of US$ 18 per ton, traded for US$ 2166, September/23 was high of ...
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