News

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

Raw Common Coffee Bean
United States
Published Mar 17, 2023

Tridge summary

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 the producer, waiting for more attractive prices for new business. Another point of attention, according to analysts, are the consumption indicators that still present instability and raise uncertainties in the sector.

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 ...
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