Coffee Prices Surge on Brazil Weather Woes
4 Articles
4 Articles
Coffee and sugar futures continued to grow on exchanges in New York and London, against the backdrop of weather risks in key production regions.
Future Arab coffee contracts closed on Wednesday (01) at high fort in the New York Stock Exchange, keeping the positive pace observed in the last sessions. The maturity for September rose 4.54%, closing at $3.09 per pound-weight, at the highest level in approximately 4.75 months. According to Barchart's analysis, the movement reflects a scenario of continuity of the altist pressure, driven mainly by climatic factors in Brazil. The market has bee…
Coffee, sugar prices continue to rise as bad weather fuels supply concerns - ZMI Raw sugar futures rose to their highest in more than a month on El Nino concerns. Traders are closing out short positions as below-normal rainfall in India threatens the harvest.
Coffee Prices Surge on Brazil Weather Woes
September arabica coffee (KCU26 ) on Wednesday closed up +13.45 (+4.54%), and September ICE robusta coffee (RMU26 ) closed up +113 (+3.09%). Coffee prices surged on Wednesday for a second session and posted 4.75-month highs. Heavy rains in Brazil have delayed the country’s coffee harvest and are raising concerns about...
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
