USA: Climatic conditions still weigh and arabica coffee continues to operate in the negative

Published 2023년 3월 28일

Tridge summary

The Arabica coffee futures market experienced a devaluation on the New York Stock Exchange as the harvest approach in Brazil. Producers are delaying their market participation and buyers are withholding their purchases. Meanwhile, the conilon coffee on the London Stock Exchange also saw a drop. Additionally, the dollar experienced a 0.68% drop against the real on the financial markets, following the Central Bank's commitment to inflation control and efforts to improve fiscal credibility.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Arabica coffee futures market continues to operate with devaluation in the trading session this Tuesday (28) on the New York Stock Exchange (ICE Future US). Coffee continues to feel the pressure of time in Brazil. As harvest approaches, weather conditions are ideal for the final stretch of crop development. On the other hand, the producer continues to participate little in the market, while the buying end is also in no hurry to close a deal. Around 12:17 pm (Brasília time), May/23 was down 185 points, trading at 175.05 cents/lbp, July/23 was down 185 points, worth 174.30 cents/lbp, September/23 was devalued of 175 points, quoted at 172.80 cents/lbp and December/23 had a low of 175 points, worth 171.15 cents/lbp. On the London Stock Exchange, the conilon, which opened with appreciation, fell again this Tuesday. May/23 had a low of US$ 11 per ton, traded at US$ 2203, July/23 had a drop of US$ 10 per ton, traded for US$ 2156, September/23 had a low of US$ 11 per ton, traded at ...

Source: NoticiasAgricolas