Morning coffee market news 08/14/2018
Arabica coffee future prices on ICE Futures US in New York maintain momentum by moving activities, discounts for September delivery contracts, besides influences from Brazilian coffee production prospects, the youth service 2018/19.
Closed on 13/8/2018 session, delivered September Arabica coffee price decreased 0.75 cents/lb reached 106.25 cents/lb. Meanwhile, the price of Robusta coffee delivered September 7 USD/ton reduction reached 1,667 per ton.
Arabica coffee futures market pressure off recently due to the transfer of activities, from contract to contract, delivered September delivery 12/2018. In addition, Brazil's real discounts compared with the dollar also contributed to pushing up the Arabica coffee market.
"Investors are concerned that banks in Europe subjected to risks to government bonds, even though the country's Central Bank set up an emergency measures," a key Economist Alvaro Bandeira in the company Home Broker ModalMais.
(Reference information)