Brazil: Colombia advances at a slow pace, and the US and UK markets have a new concern with supply
Raw Common Coffee Bean
Brazil
United Kingdom
United States
Published Mar 14, 2023
Tridge summary
The week began with appreciation for prices on the Arabica coffee futures market on the New York Stock Exchange (ICE Future US). Negotiations remain stalled while the producer waits for better prices and the buyer also waits to close new deals.
Original content
May/23 was up 140 points, traded at 179.20 cents/lbp, July/23 was up 115 points, quoted at 178.25 cents/lbp, September/23 was up 105 points, worth 176.50 cents /lbp and December/23 appreciated by 95 points, quoted at 174.65 cents/lbp. According to an analysis by the international website Barchart, coffee once again received support in the concern with the global offer of the product. "The National Federation of Coffee Growers said coffee production in Colombia, the world's second largest producer of Arabica coffee, will drop -4.8% to 5 million bags in the first half of 2023 as excessive rain and cloudy days hurt yields" , states the publication. It is worth remembering that the neighboring country has been trying to recover from the negative effects of La Niña since last year. On the London Stock Exchange, the conilon ended with a devaluation. May/23 was down by US$ 27 per ton, traded at US$ 2113, July/23 was down by US$ 27 per ton, traded at US$ 2104, September/23 was down by US$ ...
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