Coffee Futures Market Falls with Brazilian Harvest and Asian Supply Uncertainties

After opening the day on a high, the coffee futures market turned negative on Thursday (18), reflecting price corrections from the previous week. With the Brazilian harvest progressing well, both Arabica and Robusta experienced declines, indicating market adjustments. This year's harvest speed is higher, but the coffee sieve size is below the average of recent years, potentially affecting product quality.

Concerns over Robusta supply in Asia persist, limiting more significant market declines. The reduced supply from Asia may support prices despite the rapid Brazilian harvest. This uncertainty contributes to price volatility in the futures market, where investors closely monitor global production developments.

Around 12:01 PM, on the London Exchange, Robusta for September/24 delivery fell by $76 per ton, trading at $4,494. The November/24 contract dropped by $67 per ton, priced at $4,333, while the January/25 contract decreased by $66 per ton, at $4,144. The March/25 contract saw a decline of $53 per ton, trading at $4,000. These adjustments reflect the current market dynamics and global supply and demand expectations.

Fonte: Notícias Agrícolas