On adjustment days, arabica and conilon monitor fundamentals and have lows

The Arabica coffee futures market ended trading this Tuesday (23) with technical adjustments for the main contracts on the New York Stock Exchange (ICE Future US).

The market had just one day of price adjustments and maintained the volatility already expected by analysts. Climate conditions in Brazil, certified stocks and international conflicts continue to be on the radar. In the field, producers take advantage of the appreciation days, but the pace of business is still slower than in other periods.

In London, the day was also marked by negative price adjustments. March/24 had a drop of US$ 38 per ton, traded for US$ 3182, May/24 had a devaluation of US$ 21 per ton, traded for US$ 3017, July/24 had a drop of US$ 3 per ton, worth US$ $ 2904 and September/24 registered a drop of US$ 12 per ton, quoted at US$ 2830.

"Robusta coffee also came under pressure after Robusta coffee stocks monitored by ICE on Tuesday increased for the first time in three weeks," adds the analysis from international website Barchart.

In Brazil, the physical market had a day of stability in the main sales areas. 

Source: Notícias Agrícolas