The coffee market maintains focus on the development of Brazil and extends lows in New York, the USA

The Arabica coffee futures market opened trading this Thursday (23) extending the declines for the main contracts on the New York Stock Exchange (ICE Future US). Since yesterday, coffee prices have retreated with the market accompanying the development of the Brazilian crop. Around here, however, despite the more positive conditions of the crops, the sector claims that the affective recovery should only happen next year. The drier period, facilitating cultural dealings and risk aversion in the financial sector also help to put pressure on the market. Around 6:48 am (Brasília time), May/23 was down 25 points, trading at 177.75 cents/lbp, July/23 was down 15 points, worth 176.70 cents/lbp, September/23 was low of 40 points, quoted at 174.50 cents/lbp and December/23 had a low of 50 points, worth 172.30 cents/lbp. In London, the conilon operated in the positive at this time. May/23 had a high of US$ 13 per ton, negotiated for US$ 2125, July/23 was high of US$ 14 per ton, worth US$ ...