Arabica coffee price gains 10% on ICE in August

Arabica coffee price gains 10% on ICE in August
Arabica coffee price gains 10% on ICE in August

Darren Whiteside/Reuters

December Arabica coffee rose just 0.05 cent today (31), to $2.35 a lb.

The futures contracts coffee arabica at ICE rose 10% in Augustwhile robusta jumped 11% in the month, in amid production concerns.

Coffee

O coffee arabica out of teninbro went up justats 0.05 cent today (31), to 2.35 dollars per pound. The contract hit a six-month high of $2.42. at sinTheat passed and ended August with a gain of 10%.

the marketof continued to closely monitor the climate outlook ats areas of coffee of Brazil, with concerns that there could be insufficient moisture to support the development of buds of coffee and cherries after early flowering.

The Maxar weather service said Brazil will remain mostly dry for the next five days, but the six- to 10-day forecast indicates “a wave of rain” ats areas of coffee.

O coffee robust of novemberinbro fell US$ 11 (R$ 56.96), or 0.5%, to US$ 2,250 (R$ 11,651) a ton, but ended the month with a gain of 11%.

Sugar

O sugar October crude fell 0.21 cents, or 1.2%, to 17.89 cents a lb, with a gloomy global economic outlook weighing onof about the prices. The contract gained 2% in August.

resells themofres were waiting for an announcement from India about its export policy of sugar for 2022/23, with many hopesof let her make way for ininitial ships of 5 million tons. Indian traders already signedatram some colorofs.

The Inter Organizationatheatatl of Sugar projects surplus in 2022/23, and theatGamaya ve listsin the harvest of Brazil recoverof on mondayof sinstress

O sugar October white rose US$2.30 (R$11.91), or 0.4%, to US$550.80 (R$2,852) a ton and gained 4.48% in August.


The article is in Portuguese

Tags: Arabica coffee price gains ICE August

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