Market advances more than 200 points on recovery day

The Arabica coffee futures market had a day of positive price adjustments in the trading session this Thursday (15th) on the New York Stock Exchange (ICE Future US).

The market had a day of adjustments after pressure with data from Cecafé, indicating progress in Brazil's exports last month. "Furthermore, Thursday's decline in ICE-monitored Robusta coffee stocks to a record low was bullish for Robusta prices," adds the analysis from international website Barchart.

Here, producers continue to participate more in the physical market, but analysts warn of the importance of locks in the future. The market continues to monitor weather conditions in Brazil.

INTERNATIONAL MARKET

The largest consumer of coffee in the world and also the largest importer of Brazilian coffee, last month the United States lost its leadership in the ranking of main buyers to Germany. The data, which is unusual for the coffee market, is part of the latest figures released by the Brazilian Coffee Exporters Council.

According to the official report, in January Germany purchased 695,607 bags, the volume represents an increase of 57.4% compared to January 2023 and also corresponds to 17.6% of Brazil's exports.

In Brazil, the day was marked by mixed variations in the country's main shopping areas.

Source: Notícias Agrícolas