The Arabica coffee futures market opened trading on Friday with technical variations in prices on the New York Stock Exchange (ICE Future US). The coffee market continues to monitor the progress, still at a slow pace, of the harvest in Brazil.
The new American data on coffee also weighs on the markets. The Federal Reserve released new interest rate increases in the United States, which generated concern in international finance.
Around 09:25 am (EST), July/23 was down 25 points, trading at 191.05 cents/lbp, September/23 was down 20 points, quoted at 191.05 cents/lbp, December/23 was down 50 points, worth 188.35 cents/lbp and March/24 was down 35 points, worth 188.15 cents/lbp.
In London, conilon (Robusta coffee) maintains stability this morning. July/23 was up $1 per ton, trading at $2375, September/23 was down $5 per ton, trading at $2340, November/23 was down $2 per ton, trading at $2308 and January/24 was up $6 per ton, worth $2289.
For the domestic industry, the volatility in Brazilian coffee prices keeps the market locked, mainly by the uncertainty regarding the size of the Brazilian production in the harvest that is starting.