2023-07-17 14:17:04
September/23 is once again traded below 160 cents/lbp
The Arabica coffee futures market opened the week with new lows for prices on the New York Stock Exchange (ICE Future US). After trying to recover last week, the market returns to operating with lows and pressure support with the advance of the Brazilian crop. Business continues to be stalled and with the producer closing new contracts as he needs to make cash.
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Around 9:11 am (Brasília time), September/23 was down 150 points, worth 159.35 cents/lbp, December/23 was down 160 points, quoted at 158.70 cents/lbp, March/24 was down of 145 points, worth 159.45 cents/lbp and May/24 had a drop of 130 points, quoted at 160.65 cents/lbp.
On the London Stock Exchange, the conilon type operates with appreciation, still supported by concerns about restricted supply in Asia. September/23 was up by US$ 23 per ton, worth US$ 2566, November/23 was up by US$ 16 per ton, traded for US$ 2421, January/24 was up by US$ 7 per ton, worth US$ 2347 and March/24 was up by US$ 4 per ton, worth US$ 2313.
Source:
Agricultural News
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