The week has volatility, but concerns about supply persist and arabica advances in NY

The Arabica coffee futures market ended the week with appreciation for the main contracts on the New York Stock Exchange (ICE Future US).

The weather conditions in Brazil are back on the radar and justify the maintenance of volatility. Concern about supply, whether of arabica or conilon, remains in the market. "Coffee prices are rising today due to concerns that recent dry weather in Brazil could harm coffee crops. Somar Meteorologia reported on Monday that Brazil's Minas Gerais region received just 70.9 mm of rain last week, or 85% of the historical average", adds the analysis from the international website Barchart.

On the London Stock Exchange, the conilon type also advanced. March/24 had an increase of US$ 65 per ton, traded for US$ 3128, May/24 had an increase of US$ 68 per ton, traded for US$ 2967, July/24 had an increase of US$ 66 per ton, quoted by US$ 2852 and September/24 had an increase of US$ 61 per ton, quoted at US$ 2785.

In Brazil, the physical market followed and ended with appreciation in the country's main sales areas.

Source: Notícias Agrícolas