Coffee: Market turns around with support from irregular rains in BR and rises again in NY

Coffee: Market turns around with support from irregular rains in BR and rises again in NY
Coffee: Market turns around with support from irregular rains in BR and rises again in NY
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London also moves forward with concern about Asia

After opening the day with devaluation, the Arabica coffee futures market returned to operating with rising prices on the New York Stock Exchange (ICE Future US).

The market monitors weather conditions in Brazil and the irregularity of rain continues to worry the sector. The market has no new fundamentals, but volatility is maintained, as expected by sector analysts. In the field, the producer remains cautious and participates in the market as he needs to make cash.

At around 1:08 pm (Brasília time), March/24 had an increase of 65 points, traded at 194.65 cents/lbp, May/24 registered an increase of 115 points, quoted at 191.40 cents/lbp, July/24 had appreciation of 110 points, worth 190.35 cents/lbp and September/24 had an increase of 85 points, quoted at 189.80 cents/lbp.

On the London Stock Exchange, the conilon type has mixed variations. March/24 had a drop of US$ 12 per ton, traded for US$ 3324, May/24 was traded for US$ 3181 – no variations, July/24 had an increase of US$ 14 per ton, traded for US$ 3067 and September /24 had an increase of US$ 22 per ton, quoted at US$ 2971.

By: Virgínia Alves

Source: Agricultural News

The article is in Portuguese

Tags: Coffee Market turns support irregular rains rises

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