On the day of new ICE numbers, coffee records new lows in NY and London

The Arabica coffee futures market ended trading this Wednesday (28) with devaluation of the main contracts on the New York Stock Exchange (ICE Future US). The market continues to monitor weather conditions, certified stocks and global product supply.

On the London Stock Exchange, the conilon type also closed with devaluation. May/24 had a drop of US$ 33 per ton, July/24 recorded a drop of US$ 29 per ton, quoted at US$ 2985, September/24 had a drop of US$ 23 per ton, worth US$ 2933.

ICE said in the report that there are 166,027 bags of Arabica coffee awaiting classification on its certified exchanges, of which 133,568 bags come from Brazil, the largest global producer, Reuters highlighted.

"Somar Meteorologia reported on Monday that the Minas Gerais region received 59.5 mm of rain last week, or 131% of the historical average", highlighted the analysis by the international website Barchart.

In Brazil, the physical market followed suit and ended with devaluation. Type 6 hard drink bica race had a drop of 0.50% in Guaxupé/MG, traded for R$ 999.00, Machado/MG had a drop of 0.99%, worth R$ 1,000.00.

Source: Notícias Agrícolas