Arabica opens the week with pressure and conilon is stable after data from Vietnam

The Arabica coffee futures market started the week with more than 2% devaluation in prices on the New York Stock Exchange (ICE Future US).

Without any news, the arabica producer continues to see a market with considerable instability. The market monitors weather conditions in the main producing origins, especially in Brazil. The producer continues to participate as he needs to raise cash and the business flow is low compared to recent years.

Brazil today has 35 coffee producing origins and in all regions the scenario is the same: Retracted producer, slow pace of business and great uncertainty regarding the 2024 harvest. Not even producers in the "fairtrade" system, who have between 20 and 25% of added value has actively participated in the market.

On the London Stock Exchange, the conilon type opened the day with appreciation, but data from Vietnam limited gains, despite constant concern about supply from Asia.

March/24 had an increase of US$ 6 per ton, traded for US$ 3275, May/24 had an appreciation of US$ 10 per ton, quoted for US$ 3122, July/24 ended at US$ 3000 - without variations and September/24 24 fell by US$7 per ton, quoted at US$2903.

"A surge in Vietnam's coffee exports also weighed on Robusta prices after Vietnam's General Bureau of Statistics reported that Vietnam's coffee exports in January were up +47.6% on the year.  However, stocks near record highs robust coffee prices limited losses in robust coffee prices", adds the Barchart analysis.

In Brazil, the physicist followed and ended with devaluation in the country's main sales areas.

Source: Notícias Agrícolas