Coffee futures continue to operate with drops this Tuesday afternoon on US Stock Exchange

Published 2024년 2월 6일

Tridge summary

Arabica coffee futures experienced a drop on the New York Stock Exchange, while the London Stock Exchange saw gains. Vietnamese farmers are withholding Robusta coffee deliveries, demanding contract renegotiations due to a 28-year high in global prices. Red Sea ship attacks are delaying Ethiopia's coffee exports via Djibouti. Concurrently, the US dollar has seen a slight decrease against the real, reflecting the stabilization of the US currency internationally.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In this Tuesday's session (06), Arabica coffee futures contracts continue to work with devaluation on the New York Stock Exchange (ICE Futures US), where maturities registered drops of 220 to 240 points. On the London Stock Exchange, negotiations operate with gains. At around 12:09 pm (Brasília time), the March/24 contract was down 220 points and was priced at 187.30 cents/lbp. In the case of May/24, it operated with a devaluation of 240 points and was quoted at 184.30 cents/lbp and July/24 operated with a loss of 235 points and is being traded at 183.45 cents/lbp. On the London Stock Exchange, March/24 worked with an advance of US$ 20 per ton, traded for US$ 3,208. May/24 had an increase of US$ 31 per ton, worth US$ 3,099 and July/24 had an increase of US$ 29 per ton, worth US$ 3,017. According to information from Reuters International, farmers in Vietnam are refusing to deliver the Robusta coffee they sold, unless contracts are renegotiated, after global prices rose to a 28-year ...

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