Coffee continues with a day of negative adjustments in NY and London

The Arabica coffee futures market recorded a day of devaluation this Wednesday (13) on the New York Stock Exchange (ICE Future US), with significant drops in the main contracts. May/24 led the movement with a drop of 325 points, followed by July/24, September/24 and December/24, reflecting price adjustments following recent concerns about global grain supply.

On the London Stock Exchange, conilon coffee also closed lower, with all main contracts recording falls. May/24 led the movement with a low of US$47 per ton, followed by July/24, September/24 and November/24. These devaluations come in a context of continuous monitoring of climate conditions in Brazil and global stocks.

Meanwhile, in the Brazilian physical market, the country's main production areas also registered devaluation. Type 6 hard drink and peeled cherry type showed declines in several regions, reflecting the negative pressure observed in international futures markets. These dynamics highlight the importance of staying up to date with developments in the coffee market to understand and react to changes in the global scenario.

Source: Notícias Agrícolas