Still supported by concerns about global supply, arabica has new highs driven by conilon

The Arabica coffee futures market ended trading this Wednesday (21) with new price increases on the New York Stock Exchange (ICE Future US). Arabica continues to be supported by the rise in Robusta coffee and the moment continues to be favorable to the Brazilian producer.

With no news for Arabica, the market continues to monitor weather conditions in Brazil and the development of the crop. Producers in some regions are beginning to prepare for the next harvest. The moment is still favorable and analysts say that it is important for coffee growers to take advantage of the good moment to close good deals and guarantee good exchange relationships.

In London, the conilon type also advanced. May/24 had an increase of US$ 31 per ton, traded for US$ 3177, July/24 had an appreciation of US$ 30 per ton, quoted for US$ 3112, September/24 had an increase of US$ 31 per ton, worth US$ $3051 and September/24 had an appreciation of US$31 per ton, quoted at US$3051.

Conilon advanced even after Vietnam reported an increase in Robusta exports last month. According to the data, the country shipped 14% more compared to last year. "Vietnam is the world's largest producer of Robusta coffee beans. Losses in Robusta coffee were limited after Robusta coffee stocks monitored by ICE fell to a record level," adds the analysis from the international website Barchart.

In Brazil, the physical market followed and registered increases in some of the country's main sales areas.

Source: Notícias Agrícolas