Coffee: Arabica and conilon have low day with harvest pressure in Brazil

The Arabica coffee futures market ended trading this Tuesday (23) with a devaluation to prices on the New York Stock Exchange (ICE Future US). July/23 had a drop of 175 points, worth 187.45 cents/lbp, September/23 had a drop of 170 points, quoted at 185.20 cents/lbp, December/23 had a drop of 170 points, worth 183.30 cents/ lbp and March/24 had a drop of 165 points, traded for 183.15 cents/lbp. With no news, arabica coffee continues to be pressured by good weather conditions to advance the harvest in Brazil. From now on, the forecast of cold weather in Brazil is a factor that would make prices rise more significantly on the Stock Exchange. According to an analysis by the international website Barchart, coffee had another day of pressure on USDA numbers. "Arabica has also been under pressure since Monday, when the USDA FAS predicted that Colombia's coffee production in 2023/24 would increase by 2% to 11.6 million bags," he says. On the London Stock Exchange, the coffee type also ...