After a significant increase, the USA's New York and the UK's London opened with coffee price adjustments

Published Sep 12, 2023

Tridge summary

The Arabica coffee futures market started trading on Tuesday with a decrease in prices, following previous gains on the New York Stock Exchange. The decline in ICE certified stocks continues to support the market, but profit-taking is taking place in the morning. In the Brazilian physical market, buyers have improved their offers, but negotiations and deals remain slow during the harvest period.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Arabica coffee futures market opened trading this Tuesday (12) with adjustments and returning part of the gains from the last session on the New York Stock Exchange (ICE Future US). The market continues to be supported by the decline in ICE certified stocks, but is taking profits this morning. At around 9:14 am (Brasília time), December/23 had a drop of 135 points, trading for 151.50 cents/lbp, March/24 had a drop of 135 points, worth 152.50 cents/lbp, May/24 had a drop of 120 points, quoted at 153.65 cents/lbp and July/24 had a devaluation of 155 points, worth 153.85 cents/lbp. On the London Stock Exchange, the conilon type also opened negative. November/23 had a drop of US$ 31 per ton, traded for US$ 2408, January/24 had a devaluation of US$ 26 per ton, worth US$ 2321, March/24 had a drop of US$ 24 per ton, quoted by US $ 2273 and May/24 had a low of US$ 24 per ton, traded for US$ 2253. "In the Brazilian physical market, buyers improved their offers and some deals were made, ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.