Still supported by concerns about global supply, coffee extends gains this Friday

Published 2023년 3월 17일

Tridge summary

The Arabica coffee futures market saw an increase in the main contracts on the New York Stock Exchange (ICE Future US) on Friday, March 17, 2023. This increase is attributed to the decrease in inventories by the Green Coffee Association (GCA), which has dropped by 2.6% to 6.2 million bags. Despite this, negotiations are at a standstill as both the industry and the producers are waiting for more competitive prices. The market is also facing uncertainties due to unstable consumption indicators.

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

Original content

The Arabica coffee futures market opened business this Friday (17) extending gains to the main contracts on the New York Stock Exchange (ICE Future US). Around 6:57 am (Brasília time), May/23 was up 130 points, traded at 181.35 cents/lbp, July/23 was up 125 points, traded at 180 cents/lbp, September/23 was up by 110 points, quoted at 177.95 cents/lbp. The Arabica coffee futures market is still supported by the reduction in inventories by the Green Coffee Association (GCA). According to the entity, the volume is at 6.2 million bags, down 2.6% last month. Even so, negotiations are still stalled and with the industry and ...

Source: NoticiasAgricolas