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Arabica Coffee Futures New Lows amid Weakening Real by FC Stone

9/22/2015

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Arabica Coffee futures closed lower on Tuesday due to further pressure from record breaking
lows of the Brazilian Real. The most active contract for December delivery traded 22,937 lots,
reaching new lows of 115.05 and closing with a loss of 180 points at 115.45 cents per pound.
The Brazilian currency hit new lows, breaking the introduction levels from 1994 of 4.0124. The
Real  traded  at  BRL4.05325  at  1:30  pm  EST.  As  the  market  loses  confidence  in  Brazil’s
president’s, Dilma Rousseff, ability to recoup the nation’s budget and avoid further credit cuts,
amid corruption scandals, the real continues to weaken, according to a Bloomberg report. The
real devalued further as the dollar strengthened relative to world currencies. In addition, the
entire  commodity  sector  experienced  a  loss  today,  adding  further  downward  pressure  on
coffee. In weather related news, Colombia has begun rationing water supplies in cities with dry
weather,  as  they  have  experienced  the  longest  drought  since  1991  caused  by  El  Niño,
according to a report by El Tiempo.

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  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • New York 'Spot' Offerings
  • Our History
  • About N J Douek
    • Some of our services
    • Meet some of our team
    • Our Cupping Room/Offices
  • Coffee Commentaries
  • Price charts
  • Contact Us
  • Accueil
  • Useful Info
  • Nos cafés
    • Nos cafés à Montréal
    • Nos cafés à New York
  • Notre histoire
  • À propos de N J Douek
    • Certains de nos Services
    • Rencontrez notre equipe
    • Notre labo et bureaux
  • Nous contacter
  • Informations Utiles
  • Chartes de prix