Coffee is gaining importance, the pace of business is improving, but a significant part of…

Dec. 23 up 55 points to trade at 166.35 cents/lb

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The Arabica coffee futures market opened for trading this Tuesday (24) with gains in the main contract on the New York Stock Exchange (ICE Future US). “The volume of closed businesses is better, but remains below normal for this season, when the new harvest begins,” the latest analysis by Carvalhos’ office highlighted in connection with the rise in prices in recent days.

At around 9:35am (BST) on December 23, the price was up 55 points to trade at 166.35 cents/lb, on March 24 it was up 15 points to trade at 165.10 cents/lb, on May 24 it was up 20 points to be quoted at 165.50 cents/lb and on Jul/24 was up 35 points to trade at 166.20 cents/lb.

The London Stock Exchange, which tracks the start of Vietnam’s harvest, opened lower. 24 Jan/24 was down US$25/t, bid at US$2501, 24 Mar/24 was down US$15/t, quoted at US$2443, 24 May devaluation was US$6/t. , is worth 2,424 US dollars, and on July 24 it fell by 2 US dollars per ton to be quoted at 2,424 US dollars.

“Drinking coffee stocks are pushing coffee prices higher as ICE-monitored Arabica coffee stocks fell to an 11-and-a-half-month low of 417,296 bags on Monday,” highlighted an analysis by international website Barchart.

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