Brazil: Colombia advances at a slow pace, and the US and UK markets have a new concern with supply

Published 2023년 3월 13일

Tridge summary

Prices on the Arabica coffee futures market on the New York Stock Exchange increased, with negotiations stalled due to both producers and buyers waiting for better terms. May/23 was up 140 points, traded at 179.20 cents/lbp. Meanwhile, production in Colombia, the world's second-largest Arabica coffee producer, is expected to drop by 4.8% to 5 million bags in the first half of 2023 due to excessive rain and cloudy days. In contrast, the conilon ended with a devaluation on the London Stock Exchange, while the physical market in Brazil's main commercialization centers ended with appreciation.

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

Original content

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. 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 ...

Source: NoticiasAgricolas