With doubts in the global supply, coffee prices try to advance in the US

Published Mar 27, 2023

Tridge summary

The article highlights the dynamics of the Arabica coffee futures market, with a focus on the New York Stock Exchange (ICE Future US). It points out the market's volatility, influenced by factors such as the upcoming Brazilian harvest and uncertainties in consumption trends, particularly in the United States. Despite concerns about a global supply-demand imbalance with decreasing stocks and increasing consumption, market attention is heavily weighted towards private estimates of the Brazilian coffee yield for the current year and the next. The article also touches on the conilon coffee futures market's performance on the London Stock Exchange.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Arabica coffee futures market opened this week's negotiations trying to advance with prices on the New York Stock Exchange (ICE Future US). The coffee producer continues to follow a market with a lot of volatility. With the approach of the harvest in Brazil and the uncertainties regarding consumption in important consumption poles, such as the United States, ended up putting pressure on prices. "While all the numbers reaching the market point to world production below global consumption, very small stocks falling and world consumption rising, the attention of market operators remains firmly focused on the various private estimates of Brazilian coffee harvests this year. year and 2024", highlighted the latest analysis by the Carvalhaes Office. Around 8:39 am (Brasília time), May/23 was up 130 points, traded at 180.55 cents/lbp, July/23 was up 120 points, quoted at 179.50 cents/lbp, September/23 was 120 points high, quoted at 177.70 cents/lbp, December/23 was 120 points high, ...

Source: NoticiasAgricolas