Exchange rate factor brings slight increases to Arabica coffee in the late afternoon of this Tuesday (26th) in NY

The coffee market ends this Tuesday (26) recording increases in prices on the New York Stock Exchange (ICE Futures US). On the London Stock Exchange, price references for Friday (22) were seen as markets in the United Kingdom were closed for the Boxing Day holiday.

According to an analysis published by the website Barchart, “Arabica coffee prices are moderately higher, as the recovery of the Brazilian real triggered short coverings in Arabica coffee futures. The real rose today to a 4 1/2 month high against the dollar, discouraging export sales by Brazil's coffee producers.”

Climate issues in coffee-producing regions in Brazil also weigh heavily, in addition to the biannual report released by the United States Department of Agriculture (USDA), pointing to cuts in global coffee production for 2023/24.

In Brazil, the physical market presented price references from last Friday (22), with mixed prices in some of the country's main sales areas.

Source Notícias Agrícolas