With favorable weather conditions in Brazil, coffee remains under pressure in the US

The Arabica coffee futures market began trading this Friday (24th) with a devaluation of the main contracts on the New York Stock Exchange (ICE Future US). At around 9:01 am (Brasília time), May/23 was down 70 points, traded at 173.75 cents/lbp, July/23 was down 65 points, quoted at 172.80 cents/lbp, September/23 was down 60 points, worth 171.10 cents/lbp and December/23 had a devaluation of 55 points, worth 169.25 cents/lbp. In London, the conilon opened on the positive. May/23 was up by US$ 11 per ton, traded at US$ 2135, July/23 was up by US$ 9 per ton, traded at US$ 2114, September/23 was up by US$ 8 per ton, traded at US$ 20749 and November/23 had a high of US$ 9 per ton, negotiated for US$ 2039. Closer and closer to the harvest, the harvest in Brazil has pressured coffee prices on the international market. After several weeks of heavy rains, the drier weather in the country's main production areas favors cultural treatments. Internal Market - Last session On the domestic ...