Arabica and Robusta Coffee Prices Adjust Downward After Significant Gains

After significant gains in the previous session, Arabica coffee futures ended Wednesday, the 10th, with negative adjustments. In New York, the September/24 contracts fell by 640 points, closing at 243.55 cents/lbp, while December/24 dropped 595 points to 241.25 cents/lbp. London also saw declines, with the September/24 contract dropping $157 per ton, trading at $4477. These corrections reflect natural market adjustments following significant gains and ongoing concerns about global supply, particularly from Vietnam.

Brazilian coffee production continues without major issues, but uncertainty about the crop size and grain quality, with screens below average, keeps prices supported. The international site Barchart indicates that losses in Robusta coffee were accelerated due to an increase in ICE-monitored stocks, reaching a one-year high with 6,057 lots. This scenario demonstrates market volatility influenced by both supply factors and technical price adjustments.

In Brazil, the physical market also reflected the price drop. In Poços de Caldas/MG, type 6 hard drink bica corrida fell by 1.43%, trading at R$ 1,380.00, while the peeled cherry type dropped 1.37%, worth R$ 1,440.00. Regions like Machado/MG and Varginha/MG also registered significant declines, showing that the domestic market is tracking international price fluctuations. Recent drops in the physical market highlight the sensitivity of prices to futures market adjustments and global supply conditions.

Source: Notícias Agrícolas