Concern about supply persists and despite the volatility during the day, coffee has a new appreciation

After a session of great volatility, the Arabica coffee futures market ended trading this Thursday (28) with slight increases in prices on the New York Stock Exchange, but once again advanced significantly at the London terminal.

The contract expiring in March/24 had an increase of 25 points, traded for 198 cents/lbp, May/24 had an increase of 40 points, quoted for 195.75 cents/lbp, July/24 had an increase of 50 points, worth 195 .90 cents/lbp and September/24 had an increase of 50 points, quoted at 196.50 cents/lbp.

Meteorological models indicate rainy conditions for Brazil in the coming days, but due to the expected irregularity, prices are rising again. The international analysis on the Barchart website even highlights the weather conditions here. "Concerns about dry conditions in Brazil are supporting coffee prices, with forecasts of scant rain in Brazil's coffee growing regions over the next week," the publication states.

In London, conilon advanced 2.34%. March/24 had an increase of US$ 67 per ton, traded for US$ 2936, May/24 had an increase of US$ 37 per ton, quoted for US$ 2849, July/24 had an appreciation of US$ 22 per ton, traded for US$ 2771 and September/24 registered an increase of US$ 19 per ton, traded for US$ 2724. Conilon continues to be supported by concerns about supply from Asia and also by the producer's resistance to closing new deals.

Source: Notícias Agrícolas