After significant appreciation, Arabica coffee has price adjustments on US Stock Exchange
Raw Common Coffee Bean
Published Feb 28, 2024
Tridge summary
The Arabica coffee futures market has seen price adjustments on the New York Stock Exchange due to global uncertainty, despite previous support from dry weather conditions in Brazil. Similarly, the conilon type on the London Stock Exchange has also experienced devaluation. Logistical issues in the Middle East are impacting major coffee exporters worldwide, with Ethiopian exporters in particular facing shipment delays due to changes in shipping routes.
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
After the highs of the last trading session, the Arabica coffee futures market opened trading this Wednesday (28) with price adjustments on the New York Stock Exchange (ICE Future US). In the last trading session, coffee was supported by dry weather in Brazil. With international uncertainty, however, analysts say that volatility will remain in the medium term. At around 9:23 am (Brasília time), May/24 had a drop of 130 points, traded at 181.75 cents/lbp, July/24 had a devaluation of 135 points, quoted at 180.30 cents/lbp, September/24 had drop of 135 points, worth 180 cents/lbp and December/24 had a drop of 130 points, quoted at 180.20 cents/lbp. On the London Stock Exchange, the conilon type operated with devaluation. May/24 had a drop of US$ 43 per ton, worth US$ 3034, July/24 had a drop of US$ 43 per ton, traded for US$ 2971, September/24 had a drop of US$ 51 per ton, traded for US $2905 and November/24 had a drop of US$50 per ton, quoted at US$2853. ...
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