Confirming the trend, arabica and conilon have a day of strong decline in prices

The Arabica coffee futures market ended trading this Wednesday (20) with intense devaluation for the main contracts on the New York Stock Exchange (ICE Future US). Without the strength to sustain yesterday's highs, the day was also marked by adjustments at the London terminal.

In addition to price adjustments, the market was under pressure from weather conditions in Brazil as meteorological models indicate rain in the coming days. "Arabica coffee plummeted today after rain forecasts in Brazil caused long liquidation pressures on Arabica coffee futures. Climatempo said today that Brazil's coffee growing regions will see intense rain this week and more widespread rain later this month," says Barchart.

In Brazil, some of the main markets followed the day of devaluation, but the bag continued to trade above R$1,000.00.

Source: Notícias Agrícolas