Coffee futures prices reversed to increase according to the general trend of commodities yesterday…
London Robusta chart March 2022 session 18+19/01/2022
– Day 1January 9, 2022:
Robusta coffee prices on the ICE Europe – London exchange continued to decline for the fourth session. The March delivery term decreased by 23 USD to 2,195 USD/ton and the May delivery term decreased by 19 USD to 2,164 USD/ton, significant reductions. Trading volume remain average.
Similarly, the price of Arabica coffee on the ICE US floor – New York adjusted down after the holiday. Futures for delivery in March fell 0.05 cents to 239.60 cents/lb and futures for May delivery also fell 0.05 cents to 239.50 cents/lb, extremely slight declines. Trading volume maintain quite above average.
The price of green coffee beans in the Central Highlands provinces decreased by 200-300 VND, to range from 39,200 to 39,600 VND/kg.
– Day January 20, 2022:
Robusta coffee prices on ICE Europe – London reversed to increase. The March delivery term increased by 30 USD, to 2,225 USD/ton and the May delivery term increased by 27 USD, to 2,191 USD/ton, very significant increases. Trading volume above normal.
Similarly, the price of Arabica coffee on the ICE US floor – New York has an upward trend. Futures for delivery in March rose 4.85 cents to 244.45 cents/lb and futures for May delivery rose 4.95 cents, also to 244.45 cents/lb, strong gains. Trading volume well maintained above average.
The price of green coffee beans in the Central Highlands provinces increased from 500 to 600 VND, to range from 40,700 to 40,200 VND/kg.
Coffee futures prices reversed to rise again after the report that full-year exports in 2021 reached the third record high in Brazil’s export history. This made “speculative bull” expressed concern because this year’s output forecast of the world’s leading coffee producer is uncertain. Besides, the strong Reais did not support Brazilians in exporting goods.
On the contrary, after a series of consecutive declines, the London Stock Exchange tended to recover because technical indicators showed that the Robusta market had entered the oversold zone, while it was not easy for traders to find real goods in the hands of farmers at the price. current.
Note, the pressure from the Fed – the US will cut economic stimulus and increase the basic interest rate in USD still weigh heavily on the world commodity market, making investors consider more cautious before the first policy meeting. first of the year 2022.
BBT (giacaphe.com)
