Coffee Performance: Conilon Advancement and Arabica Rise Highlighted

Wednesday (6) was marked by a significant appreciation in coffee prices in the futures market, with a focus on robusta from Asia, which continues to concern traders. London closed the session with over 4% appreciation, reflecting this positive trend. In New York, arabica also followed this movement, recording significant gains.

Contracts for May/24 and July/24 showed substantial increases, with an increase of $129 and $114 per ton, respectively, while September/24 and November/24 also recorded significant highs. In the arabica market in New York, prices also rose, with May/24 and July/24 leading the upward movement.

In addition to concerns about supply and demand, conflicts in the Red Sea and a more cautious stance by producers in Vietnam have contributed to this scenario of appreciation. In Brazil, attention remains focused on weather conditions, with rains in the main production areas, but high temperatures and the predicted irregularity for the medium term are worrying. However, the Brazilian physical market followed this trend of appreciation in some of the main trading centers. Stay updated on coffee market updates with Ellers Coffee!☕📈

Fonte: Notícias Agrícolas