USA: Coffee futures market ends this Tuesday's session with a retreat on the New York and London stock exchanges

In this Tuesday's session (14), futures trading for arabica coffee ended the day with losses of 155 to 230 points on the New York Stock Exchange (Ice Futures US). Conilon coffee prices also ended the trading session with declines in the main contracts. The March/23 contract ended with a drop of 230 points and is quoted at 180.90 cents/lbp, while the May/23 contract ended with a low of 375 points and is priced at 175.45 cents/lbp. In the case of Julho/23, it ended with a devaluation of 355 points and quoted at 174.70 cents/lbp. According to Barchart information, a downside factor for coffee was the action taken by Safras & Mercado last Friday to raise its estimate for coffee production in Brazil for 2022/23 to 58.9 million bags, compared to the previous estimate of 57.3 million bags. In London, the March/23 contract registered a drop of US$ 31 per ton, negotiated for US$ 2070. The May/23 contract ended with a loss of US$ 33 per ton and worth US$ 2080, the July/23 contract also had ...