World: Coffee and cocoa prices show strong volatility in New York

Cocoa and coffee have been classified as 'volatile soft commodities' on the New York Stock Exchange due to 'climate anxiety'. Arabica coffee contracts due in December saw a slight decrease, with a 0.12% drop. The price fall is due to a combination of climate factors and an increase in global exports. However, rains in Brazil are providing relief to coffee producers, which is helping to cool the market. Cocoa's drop is minimal, at 0.01%, due to expectations of improved supply from producing countries like Ivory Coast and Ghana. While sugar opened trading up 2.72%, cotton remained stable. The market is cautious and awaiting new data on the harvest and global consumption.

On the New York Stock Exchange, cocoa and coffee have been classified as ‘volatile soft commodities’, which are trying to stabilize but remain on an ups and downswing, given what the market calls “climate anxiety”. In the case of Arabica coffee, contracts due in December depreciated a little less, with a 0.12% drop on the morning of this Wednesday (10/23). Quoted at US$ 2.4955 per pound, Arabica futures are falling along with Robusta in London, a result of a combination of climate factors and an increase in global exports. In Brazil, the arrival of rains and the main flowering of crops is giving producers a breather and cooling the market. According to the morning assessment by Trading Economics, the increase in stocks monitored by ICE, which reached their highest levels since 2023, is also putting downward pressure on prices. The consultancy also mentions that coffee is recording its biggest decline since the peak of the year, of US$ 2.75/lp, reached on September 26. “However, ...