New highs: Market stressed with supply? Inless than 2 hours arabica advances almost 6%and conilon 5%

Concern about the global supply of coffee once again weighed on prices and the trading session in both New York and London had another day of price explosions. In the American terminal, arabica coffee ended with a 5.91% increase and in London, conilon increased 4.86% this Tuesday (19).

According to analysts interviewed by Notícias Agrícolas, no changes were observed in fundamentals, but the market remains nervous about the drop in production in Asia, concern about weather conditions in Brazil and demand that remains firm, despite the slower pace. in business.

It is important to highlight that the market is working with the concern of at least 3.8 million bags less in Vietnam and an estimated drop of 2.15 million bags in Indonesia, the two largest Robusta producers in the world.

Low coffee stocks support coffee prices. Arabica coffee stocks monitored by ICE fell to 224,066 bags, the lowest level in 24 years, on November 30. Robusta coffee stocks monitored by ICE were today at 3,418 lots, moderately above the record low of 3,374 lots recorded on August 31.

In Brazil, the physical market followed and ended with appreciation in the country's main sales areas. In all regions monitored by Notícias Agrícolas, the price of a bag was once again above R$1,000.00.

Source: Notícias Agrícolas