Coffee: With Brazil in the final stretch of the harvest, Arabica opens negative in the US and opened with stability in the UK

Published Sep 11, 2023

Tridge summary

The Arabica coffee futures market opened the week with a devaluation of key contracts on the New York Stock Exchange due to the final stretch of the Brazilian harvest and the entry of this coffee into the market. The market is also closely watching weather conditions in Brazil. In London, the conilon market opened with stability, while preparing for the start of the harvest in Vietnam.

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Original content

The Arabica coffee futures market opened the week's trading with devaluation for the main contracts on the New York Stock Exchange (ICE Future US). The final stretch of the Brazilian harvest and the entry of this coffee into the market could put pressure on prices. The market also continues to monitor weather conditions in Brazil. At around 9:12 am (Brasília time), December/23 had a drop of 115 points, worth 147.50 cents/lbp, March/24 had a drop of 105 points, quoted at 148.75 cents/lbp, May/24 had a drop of 90 points, worth 150 cents/lbp and July/24 had a drop of 110 points, trading for 150.50 cents/lbp. In London, conilon opened with stability, at a time when the market is following preparations for the start of the harvest in ...

Source: NoticiasAgricolas