The Arabica coffee futures market rose again at the opening of trading this Wednesday (1st) on the New York Stock Exchange (ICE Future US). The day before, the coffee market showed a lot of volatility during the trading session, but ended the day with only technical adjustments.
In financial terms, the new variant of Covid-19 is still on the radar, but in Brazil, analysts continue to point to a scenario of firm prices for coffee, especially due to the drop in supply from the largest producer and exporter of coffee in the world. “We have to wait for more information, but market fundamentals remain solid. Even if the population leaves less in the northern hemisphere, the cold should keep consumption. The drop in world coffee production is serious”, highlighted the Office again Oaks.
Around 8:21 am (Eastern time), March/22 had a high of 380 points, worth 236.10 cents/lbp, May/22 registered an increase of 415 points, traded at 235.80 cents/lbp, July/22 had a high of 400 points, worth 234.95 cents/lbp and September/22 had a high of 385 points, worth 234.10 cents/lbp.
On the London Stock Exchange, conilon coffee also rose again this morning. March/22 had an increase of US$ 12 per ton, worth US$ 2212, May/22 had an increase of US$ 15 per ton, quoted at US$ 2189, July/22 had an increase of US$ 17 per ton, worth US$ 2190 and September/22 had an increase of US$ 13 per ton, quoted at US$ 2185.
Source: Noticias Agricolas