Coffee has support in numbers from Colombia and ends with appreciation in New York
Raw Common Coffee Bean
Colombia
Published Mar 7, 2023
Original content
The week began with appreciation for the Arabica coffee futures market on the New York Stock Exchange (ICE Future US). After Colombia announced a drop in exports last month, contracts advanced 1.38% abroad. May/23 was up 245 points, traded at 180.30 cents/lbp, July/23 was up 250 points, quoted at 179.70 cents/lbp, September/23 was up 265 points, traded at 178.30 cents/lbp and December/23 rose 275 points, quoted at 176.40 cents/lbp. Coffee had an appreciation day supported by the drop in exports from Colombia. According to data released this Monday, the neighboring country shipped 6% less when compared to the same period in 2022. The report showed that the country shipped 6% less coffee, with 928,000 bags of 60 kg. In the same month in 2022, the volume was 983 thousand bags. In the accumulated result for the year, exports are at 1.8 million bags, down 13% compared to the previous period. As for production, Colombia is slowly trying to recover volume and recorded a 10% increase last ...
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