AFTER PRESSURE WITH SHIPMENTS FROM BRAZIL, COFFEE TRIES TO ADVANCE IN NY AND LONDON

Pico Agriviet

The Arabica coffee futures market opened trading on Thursday15th with technical appreciation for prices on the New York Stock Exchange (ICE Future US).

The market tests new highs after pressure from the number of shipments from Brazil, which registered an increase compared to January 2023. Here, producers continue to participate more in the physical market, but analysts warn of the importance of locks in the future. The market continues to monitor weather conditions in Brazil, as well as ICE certified stocks.

At around 09:11 (Brasília time), May/24 had an increase of 150 points, traded at 184.25 cents/lbp, July/24 increased by 145 points, quoted at 183.60 cents/lbp, September/24 had an appreciation of 120 points, traded for 183.50 cents/lbp and December/24 had an increase of 85 points, worth 183.25 cents/lbp. On the London Stock Exchange, the conilon type also rose again. May/24 had an increase of US$ 24 per ton, traded for US$ 3113, July/24 had an increase of US$ 24 per ton, quoted for US$ 3048, September/24 had an appreciation of US$ 18 per ton, traded for US$ 2975 and November/24 had an appreciation of US$ 12 per ton, traded for US$ 2904.

Source: https://www.noticiasagricolas.com.br/noticias/cafe/370191-depois-da-pressao-com-os-embarques-do-brasil-cafe-tenta-avancar-em-ny-e-londres.html

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