Arabica coffee futures prices august 18 2015 : Arabica coffee prices on the ICE Futures exchange ended the New York trading Monday with turned lower significantly (17/8). ICE
arabica coffee futures price on the previous trading reached the
highest position in more than two months later due to fundamental
factors support mainly on concerns of tightening supplies of supplier
countries. But at last night trading price bounced down due to profit taking.
Market
participants take advantage of the increase in the price of arabica
coffee is still in the technical conditions have been strengthened and
surged to the highest level in 2 months. On the last night trading the dollar exchange rate has increased so profit taking going on.
Fundamentally, especially in terms of supply, the price coined the potential to continue rising. Drought in Brazil has the potential to lead to disruption of supply of arabica coffee from the country.
Coffee prices dropped Monday as fears about a weakening Brazilian currency outweighed prospects for a smaller crop in the world's largest coffee producing country.
Arabica coffee futures for December delivery fell 1.8% to end at $ 1.3855 a pound on the ICE Futures US exchange. The Brazilian real has been trading at 12-year lows against the dollar. The currency weakened encourages producers to sell dollar-denominated Reviews their goods to take advantage of favorable exchange rates.While the estate was up against the dollar recently, brokers said investors largely see today's slight uptick as a temporary pause for the currency."The biggest bullet point dropping this market off is that the real is still taking hits," said Hector Galvan, senior market strategist RJO Futures in Chicago. "It is at its weakest point in many years."
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