Coffee Report - October 11th

Coffee rises with support from the exchange rate, but the pace of business is still slow

The Arabica coffee futures market ended tradingthis Tuesday (10) with appreciation for the main contracts on the New York Stock Exchange (ICE Future US).

December/ had an increase of 145 points, worth 147.50 cents/lbp, March/24 had an appreciation of 120 points, quoted for 148.45 cents/lbp, May/24 had an appreciation of 115 points, traded for 149.25 cents/ lbp, July/24 saw an increase of 115 points, worth 150.05 cents/lbp and September/24 saw an increase of 125 points, worth 150.85 cents/lbp.

With no news in the fundamentals and with forecasts indicating more rain in coffee areas, the market today was supported by the exchange rate, which operated with devaluation due to the conflict between Israel and the Hamas group.

WAR

The escalation of the conflict between Israel and the Hamas group is happening very aggressively and quickly, with the war entering its fourth day with the death toll exceeding 1600 this Tuesday (10). The effects of the current situation continue to be monitored, a deeper assessment continues to be made, including on markets and commercial relations.

Source: Notícias Agrícolas