Sunday 14 August 2022

Arabica coffee futures rally strongly on Brazil’s export figures, Robusta down 0.8%

Must read

MILAN — Arabica coffee futures rebounded strongly on Tuesday from Monday’s lows. The ICE Arabica contract for March delivery closed 3.8% or 845 points up at 231.75 cents on reports of smaller coffee exports from Brazil. ICE Robusta opened the year on a softer note: the benchmark contract for March delivery fell 0.8%, or $21, closing at a two-week low of $2,350 a tonne.

The contract hit a 10-year high of $2,384 last Thursday, December 30th 2021.

The Brazil government have reported that the country’s coffee exports for the month of December were 17.2% down at 3.586 million bags from 4.330 million bags in 2020.

The current export figures from Brazil are influenced by Covid-19 related logistical restraints, updated shipping line reports foresee that these shipment restraints are likely to continue, into the New Year.

Dear Reader,
you are not required to purchase anything for certain limited use of Comunicaffe International.
However, if you do not purchase a subscription, your access to our contents will be limited.
For further information about our subscriptions please visit the subscription page.


If you are already subscribed please type here your credentials:

Latest article