The global coffee market will end the week with one-off businesses

Published 2024년 6월 14일

Tridge summary

The Brazilian coffee market is expected to see a decrease in prices as the week comes to an end, with the New York Stock Exchange showing a drop of over 1%. However, a surge in business activity was seen on Thursday, driven by increases in Arabica coffee in New York and Robusta in London. The market has seen an increase in sales of new coffee from the current harvest, particularly in the Matas Region. The dollar remained stable, and there was an increase in contracts for delivery in July 2024 on the ICE Futures.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The physical coffee market in Brazil is expected to end the week with occasional movements and falling prices. The New York Stock Exchange (ICE Futures US) shows a drop of more than 1%, while the dollar operates close to stability, creating a scenario of slow transactions. On Thursday (13), the Brazilian coffee market recorded higher prices, boosting business deals. The increase was supported by gains in Arabica coffee on the New York Stock Exchange and Robusta in London, even with the dollar's decline. According to Safras Consultoria, there was an increase in business, especially with new and available coffees from the current harvest. In the Matas Region, sales have predominantly been of new coffee, both hard Arabica and Rio. In the south of Minas Gerais and Cerrado Mineiro, the presence of new coffees is less significant, with greater movement of remaining beans. The prices observed were: Certified coffee stocks in the accredited warehouses of the New York Commodity Exchange ...

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