US: With slow trading, coffee starts week with losses in New York
Raw Common Coffee Bean
United States
Published Mar 13, 2023
Original content
The Arabica coffee futures market started the week's trading with a devaluation for the main contracts on the New York Stock Exchange (ICE Future US). Last week was marked by export numbers from Brazil and Colombia, but despite the limited supply from both countries, the market ended with a low accumulated in the week. The sector continues to monitor the development of crops in Brazil for the 2023 harvest. Negotiations remain stalled while the producer waits for better prices and the buyer also waits to close new deals. At around 9:02 am (Brasília time), May/23 was down 80 points, trading at 177 cents/lbp, July/23 was down 90 points, worth 175.15 cents/lbp, September/23 was down by 190 points, worth 171.80 cents/lbp. In London, the conilon café also opened with losses. May/23 had a decrease of US$ 4 per ton, negotiated for US$ 2137, July/23 had a decrease of US$ 5 per ton, worth US$ 2126, September/23 had a decrease of US$ 5 per ton, worth US$ 2106 and November/23 had a drop of ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.