Coffee has price adjustments in the US, but concerns about supply can sustain prices

Published 2023년 3월 7일

Tridge summary

The Arabica coffee futures market saw price adjustments on Taylor (7) due to a drop in Colombian exports and concerns about global supply. The New York Stock Exchange (ICE Future US) experienced price drops, with May/23 down 65 points, July/23 down 80 points, September/23 down 80 points, and December/23 down 55 points. Similarly, the London market also underwent technical adjustments. In Brazil, type 6 hard drink bica racing and peeled cherry type saw price increases in various regions.

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Original content

The Arabica coffee futures market opened trading this Tuesday (7) with technical adjustments to prices on the New York Stock Exchange (ICE Future US). The market has adjustments after registering high supported by the drop in exports from Colombia. Concerns about global supply, given the uncertainties with Brazil, still support prices. "It must be remembered that in 2022, Colombia strongly increased imports of coffee from Brazil. Short-term interests of speculators and investment funds explain the strong and rapid fluctuations in coffee prices on the ICE in NY", highlighted the latest analysis from the Carvalhaes Office. At around 8 am (Brasília time), May/23 was down 65 points, trading at 179.65 cents/lbp, July/23 was down 80 points, worth 178.90 cents/lbp, September/23 was low of 80 points, worth 177.50 cents/lbp and December/23 had a devaluation of 55 points, quoted at 175.85 cents/lbp. In London, the cafe also has a morning of technical adjustments. May/23 had a drop of US$ 13 ...

Source: NoticiasAgricolas