2023-10-24 22:30:19
December/23 ended the day above 168 cents/lbp; physicist returns to trade at around R$ 900.00
The Arabica coffee futures market ended another session with appreciation for the main contracts this Tuesday (24) on the New York Stock Exchange (ICE Future US).
December/23 had an increase of 230 points, worth 168.15 cents/lbp, March/24 had an appreciation of 215 points, quoted for 167.10 cents/lbp, May/24 had an appreciation of 225 points, traded for 167.55 cents /lbp and July/24 had an increase of 235 points, quoted at 168.20 cents/lbp.
“The reduction in coffee stocks supports coffee prices, as stocks of arabica coffee monitored by ICE fell on Tuesday to the lowest level in 11 and a half months, of 410,171 bags”, highlighted the analysis by the international website Barchat . It is worth noting that since the week the market has seen the certificate stock decline.
Despite the appreciation in prices, the Brazilian producer is still resilient and closes deals only as they make cash. Concerns about high temperatures remain on the radar, despite models indicating conditions for rain in the coming days in Brazil’s main production areas.
On the London Stock Exchange, the conilon type went in the opposite direction and ended with devaluation. January/24 had a drop of US$ 33 per ton, traded for US$ 2493, March/24 had a drop of US$ 19 per ton, worth US$ 2439, May/24 registered a drop of US$ 11 per ton, quoted by US $ 2419 and July/24 had a devaluation of US$ 7 per ton, traded for US$ 2399.
In Brazil, the physical market followed and ended with appreciation in the country’s main sales areas.
Type 6 hard drink bica race had an increase of 2.86% in Guaxupé/MG, traded for R$ 900.00, Machado/MG had an increase of 2.22%, worth R$ 920.00, Varginha/MG registered an increase of 1.10%, quoted for R$ 920.00, Campos Gerais/MG had an increase of 0.78%, quoted for R$ 903.00 and Franca/SP had an increase of 1.11%, worth R$ 910, 00.
The peeled cherry type increased by 2.14% in Guaxupé/MG, traded for R$ 955.00, Varginha/MG increased by 1.04%, worth R$ 970.00 and Campos Gerais/MG registered an increase of 0 .73%, worth R$963.00.
#drop #certified #stocks #producers #withdrawn #coffee #has..