Devaluation of Arabica Coffee on the New York Stock Exchange Reflects Forecasts of Limited Rain in Brazil

The Arabica coffee futures market closed lower on Friday (22), with the main contracts on the New York Stock Exchange (ICE Future US) recording technical devaluation. May/24 led the fall, with a decline of 85 points, followed by July/24, September/24 and December/24, which also showed drops of 65, 50 and 35 points, respectively, reflecting the influence of limited rain forecasts in the producing regions of Brazil.

Predictions of little rain in Brazil's coffee-growing areas over the next week are helping to support coffee prices, as highlighted by analysis from the international website Barchart. However, analysts observe satisfactory weather conditions in Brazil, although intense heat may accelerate the harvest in some arabica regions.

Luís Reis, from Cooxupé, highlights the stability in the market fundamentals, with low stock levels and the active participation of producers, keeping prices at good levels. The exchange ratio and the current situation also favor preparations for harvesting and planning for harvest 25. On the London Stock Exchange, conilon coffee also closed with devaluation, reflecting the global dynamics of the coffee market.

Source: Notícias Agrícolas