The Brazilian coffee market continues to be fluid and had a day of adjustments in the US and UK

Published Sep 12, 2023

Tridge summary

The Arabica coffee futures market experienced technical adjustments on the New York Stock Exchange, with drops in the main references. The London Stock Exchange also saw adjustments in the conilon type of coffee. The appreciation of the dollar and an increase in Robusta coffee stocks are contributing to the decline in prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Without major changes in the fundamentals, the Arabica coffee futures market ended trading this Tuesday (12) with technical adjustments in the main references on the New York Stock Exchange (ICE Future US). December/23 had a drop of 85 points, worth 152.00 cents/lbp, March/24 had a drop of 70 points, quoted at 153.15 cents/lbp, May/24 had a devaluation of 65 per ton, traded for 154.20 cents/lbp and July/24 had a drop of 55 points, worth 154.85 cents/lbp. On the London Stock Exchange, the conilon type also closed with adjustments. November/23 had a drop of US$ 9 per ton, traded for US$ 2430, January/24 had a devaluation of US$ 11 per ton, quoted for US$ 2336, March/24 registered a drop of US$ 14 per ton, worth US $ 2283 and May/24 registered a drop of US$ 14 per ton, quoted at US$ 2263. After starting the week with appreciation supported by stocks certified at ICE and supported by the exchange rate, the appreciation of the dollar against the real this Tuesday (12) weighed on coffee ...

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