Arabica coffee closes higher on the New York Stock Exchange this Tuesday due to the Brazilian climate

On Tuesday (19), Arabica coffee futures contracts on the New York Stock Exchange (ICE Future US) closed mixed, with the expiry date for March/24 registering a drop of 100 points, while May/24 and July/ 24 showed gains of 130 and 120 points, respectively. The recovery in prices throughout the session was driven by forecasts of limited rain in Brazil and the appreciation of the real against the dollar.

Arabica coffee contracts on the New York Stock Exchange showed divergent dynamics, with March/24 falling 100 points, while May/24 and July/24 rose 130 and 120 points, respectively. This fluctuation reflects market volatility, influenced by climate factors in Brazil and exchange rate fluctuations. The coverage in coffee futures was motivated by the prospects of limited rain in the producing country and the appreciation of the real against the dollar.

In the Brazilian domestic market, Arabica coffee prices showed upward movements in the main producing regions. Varginha/MG, Franca/SP and Poços de Caldas/MG had gains between 1.00% and 1.01% for type 6/7 coffee, while Machado/MG and Varginha/SP saw gains of 0.49% and 0 .98% for type 6 coffee. Peeled cherry coffee also had gains, with emphasis on Varginha/MG and Poços de Caldas/MG, where prices rose 0.95% and 0.94%, respectively.

Source: Notícias Agrícolas