News

Coffee tests new highs and advances more than 100 points in the US and UK

Raw Common Coffee Bean
United States
United Kingdom
Market & Price Trends
Published Feb 26, 2024

Tridge summary

The Arabica coffee futures market has seen an increase in the main contracts on the New York Stock Exchange, influenced by weather conditions in Brazil, supply in Vietnam, and global economic factors. The international situation, characterized by political tensions and extreme weather events, is causing significant volatility in coffee prices on both the New York and London terminals. The conilon type coffee on the London Stock Exchange also started the week with an increase in value.
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.

Original content

The Arabica coffee futures market opened the week with appreciation for the main contracts on the New York Stock Exchange (ICE Future US). The market continues to monitor weather conditions in Brazil, supply in Vietnam and factors in the global economy that continue to favor marked volatility in the New York and London terminals. "The fundamentals remain the same. We continue with low global coffee stocks and rising world consumption; with repeated extreme weather events around the world; growing political tensions, with the invasion of Ukraine and terrorist attacks, by Hamas in Israel, now worsened by attacks by Houthi rebels on ships in the Red Sea, which hinder, practically interrupt, important maritime trade routes. This troubled international situation, full of uncertainties, generates a lot of instability and the strong rise and fall in coffee prices every day", he highlighted again analysis of the international website Barchart. At around 9:20 am (Brasília time), May/24 had ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.