Negative adjustments in NY and London

The Arabica coffee futures market faced a day of devaluation on the main exchanges this Wednesday (13), with contracts in New York recording significant drops. May/24 led the movement with a drop of 325 points, quoted at 182.65 cents/lbp, followed by July/24, September/24 and December/24, all recording significant devaluations. In London, the conilon type also followed the negative trend, with falls in all main contracts.

The price adjustments reflect lingering concerns about global coffee supplies, as the market continues to closely monitor weather conditions in Brazil and inventory levels around the world. The report from the international website Barchart highlights that Robusta and Arabica coffee stocks are in focus, with recent variations that indicate the complexity of the current scenario.

In Brazil, the physical market followed the devaluation trend, with the main producing areas recording price drops. Type 6 hard drink and peeled cherry type showed declines in several regions, reflecting the downward pressure observed in international futures markets. The global context and local conditions continue to influence the dynamics of the coffee market.

Source: Notícias Agrícolas