USA: Coffee advances in New York and London this Tuesday with fewer economic concerns

Coffee futures prices ended this Tuesday's session (21) with a significant rise on the New York and London stock exchanges. The market was supported by minor economic concerns at the beginning of the week. The most traded maturity of arabica coffee on the New York Stock Exchange rose 1.01% or 180 points, trading at 180.30 cents/lb. In London, the first contract for robusta coffee appreciated by 2.06% on the day (US$ 43), at US$ 2130 a ton. "Coffee prices rose to one-week highs on Tuesday and closed moderately higher. An easing of the US-European banking turmoil eased economic concerns and boosted coffee prices," Barchart reported. A gloomy financial impact on the demand for coffee around the world, according to experts. In the origins, the market still monitors Brazil. Although a resumption of production is expected this year, the country ...