Tridge summary
The article reports a decrease in the Arabica coffee futures market on the New York Stock Exchange, with significant drops in May/23, July/23, and September/23 contracts. This decline is attributed to concerns about banking turmoil in the US and Europe, leading to a sell-off in risk assets, including coffee. In Brazil, producers need to be cautious with debt and remain active in the market to seize opportunities. Domestic sales have also seen a reduction in some of the country's main markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Arabica coffee futures market ended trading this Friday (17) with a devaluation on the New York Stock Exchange (ICE Future US). May/23 had a drop of 345 points, worth 176.60 cents/lbp, May/23 had a drop of 345 points, worth 176.60 cents/lbp, July/23 had a drop of 330 points, worth 175.45 cents/lbp and September/23 had a devaluation of 310 points, worth 173.75 cents/lbp. Once again, the price of coffee was affected by the concern with the American data, as happened throughout this week. "Concern that the persistent banking turmoil in the US and Europe will push the global economy into recession triggered a sell-off in risk assets on Friday, including coffee," said the analysis by the international website Barchart. In Brazil, the producer still participates little in the market, but according to analysts it is important to be careful with debts, thinking about the long term. Despite the lower prices, it is important that the producer remains active in the market so as not to ...
Source: NoticiasAgricolas
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