USA: Coffee has a week marked by a drop in exports from Brazil and Colombia, but has a drop in the accumulated
Raw Common Coffee Bean
United States
Brazil
Published Mar 11, 2023
Original content
The Arabica coffee futures market ended the week's trading with appreciation for prices at the trading session this Friday (10) on the New York Stock Exchange (ICE Future US). May/23 was up 275 points, traded at 177.80 cents/lbp, July/23 was up 250 points, quoted at 177.10 cents/lbp, September/23 was up 235 points, traded at 175.45 cents/lbp and December/23 was up 225 points, quoted at 173.70 cents/lbp. Even with today's high, coffee ended the week with a low of 1.39% in the weekly index. Arabica coffee is supported by the concern with the global offer of the product. The week was marked by the release of export figures for Colombia and Brazil. First, the neighboring country reported a 6% drop in February, falling below one million bags in the period. In Brazil, the decline was even more significant, down 33% compared to last year. According to Eduardo Heron, Cecafé's technical director, the casualties are explained by the off-season, the fact that Brazil no longer has any ...
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