Coffee has a day marked by pressure from price adjustments and new data from ICE

The Arabica coffee futures market ended trading this Wednesday (10) with devaluation for the main contracts on the New York Stock Exchange (ICE Future US). The day was marked by price adjustments, after appreciation in the previous session supported by concerns about global supply.

"Data from ICE Futures shows that the number of bags of Arabica coffee waiting to go through classification jumped to 37,379 on Tuesday, compared to 23,166 bags on Monday," highlighted the international website Barchart. Furthermore, the market continues to monitor weather conditions in Brazil and in the main producing origins.

On the London Stock Exchange, business continues to be slower on the part of Vietnam - which provides support for price appreciation, in addition to the market's concern about the supply from Asia that persists in the market. March/24 had an increase of US$ 18 per ton, traded for US$ 2950, ​​May/24 had an appreciation of US$ 15 per ton, worth US$ 2845, July/24 had an increase of US$ 12 per ton, quoted for US4 2770 and September/24 registered an increase of US$ 11 per ton, worth US$ 2719.

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

Source: Notícias Agrícolas