ICE stocks recover and arabica ends with declines

The Arabica coffee futures market ended trading this Thursday (8) with devaluation of the main contracts on the New York Stock Exchange (ICE Future US).

After a period of decline, ICE certified stocks are once again recording a slight recovery, which puts pressure on prices in New York. "However, the decrease in Robusta supply is pushing Robusta prices up, after Robusta coffee stocks monitored by ICE fell to a new historic low today," adds the analysis from the international website Barchart.

Here, despite the volatility, analysts say that the scenario is still positive for prices and that producers need to pay attention and participate in negotiations, guarantee good prices and avoid possible pressure on prices at the beginning of the harvest.

On the London Stock Exchange, the conilon type also retreated. May/24 had a drop of US$ 6 per ton, worth US$ 3109, July/24 had a drop of US$ 14 per ton, quoted at US$ 3024, September/24 had a drop of US$ 18 per ton, traded for US $ 2950 and November/24 had a drop of US$ 19 per ton, worth US$ 2891.

In Brazil, the day was marked by stability in the country's main commercial areas.

Source: Notícias Agrícolas