Coffee Report - October 26th

On a day of great adjustment, arabica returns to levels below 165 cents/lbp

The Arabica coffee futures market closed this Wednesday's trading session (25) with intense devaluation for the main contracts on the New York Stock Exchange (ICE Future US).

"Coffee prices on Wednesday fell sharply due to long term liquidation pressure, following the strong recovery seen in the last two weeks," highlighted the analysis from the international website Barchart.

With today's lows, the market broke important levels, returning to below 165 cents/lbp. With the day of pressure, businesses that were beginning to see some progress returned to a slow pace this Wednesday. Here, the producer continues to monitor the weather conditions, still concerned about the high temperatures in the main producing regions of the country.

On the London Stock Exchange, the conilon type also had a day of devaluation. January/24 registered a drop of US$ 26 per ton, traded for US$ 2467, March/24 had a drop of US$ 12 per ton, quoted for US$ 2427 and May/24 had a low drop of US$ 9 per ton, worth $2410.

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

Source: Noticias Agrícolas