Coffee expands gains in the US, and March/24 reaches 188 cents/lbp; the UK stock exchange operates with stability
Raw Common Coffee Bean
Market & Price Trends
Published Dec 1, 2023
Arabica coffee futures on the New York Stock Exchange have seen significant price increases recently, with March/24, May/24, July/24, and September/24 contracts all experiencing gains. These price increases are partly due to changes in ICE certified stocks, as well as concerns about weather conditions in Brazil. Conversely, the conilon type of coffee traded on the London Stock Exchange has remained stable.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
At around 7:332 am (Brasília time), March/24 had an increase of 255 points, worth 187.25 cents/lbp, May/24 had an increase of 230 points, quoted at 183.05 cents/lbp, July/24 had an increase of 230 points, traded for 183 cents/lbp and September/24 had an appreciation of 250 points, traded for 184 cents/lbp. The Arabica market continues to be supported by changes in ICE certified stocks. “The new rule change by ICE is expected to further increase pressure on coffee stocks monitored by ICE, providing support to coffee prices,” Barchart reported. Volume has dropped significantly in the last month. Furthermore, operators continue to monitor weather conditions in Brazil. Despite the forecast of rain, high temperatures bring some insecurity to the sector. On the London Stock Exchange, the conilon type operates ...