RIO DE JANEIRO, BRAZIL - The Arabica coffee future market closed Tuesday's trading session down 4.22%, equivalent to over 800 points, in the main references in the New York Stock Exchange (ICE Future US). With the drop, contracts are once again traded below 200 cents per pound.
December/21 fell by 845 points, trading at 191.90 cents/lbp, March/22 fell by 840 points to 194.85 cents/lbp, May/22 fell by 840 points to 196 cents/lbp and July/22 dropped 835 points to 196.55 cents/lbp.
"The long sell-off in coffee futures contracts . . .