The markets in general are in a state of waiting to hear the results of the policy sessions later today…
Robusta chart London July 2022 session on 03/05/2022
At the end of the first session of the week, the price of Robusta coffee on ICE Europe – London continued the uptrend. Futures for delivery in July increased by 8 USD, to 2,115 USD/ton and for September delivery increased by 5 USD, to 2,114 USD/ton, slight increases. Trading volume on average.
Similarly, the price of Arabica coffee on the ICE US floor – New York reversed to recover. The July spot futures rose 2.05 cents to 217.95 cents/lb and the September futures rose 1.95 cents to 217.80 cents/lb, very significant gains. Trading volume remain average.
The price of green coffee beans in the Central Highlands provinces increased by 100-200 VND, fluctuated in the range of 40,700 – 41,400 VND/kg.
The price of coffee on both world futures exchanges slightly fluctuated with a low volume of trade, which shows that speculators are still cautious and continue to stand outside the markets to wait for more news. ie.
Meanwhile, the policy sessions of the Federal Open Market Commission (FOMC) of the US and Monetary Policy Committee (Copom) of Brazil is ongoing and will announce the results later today.
International Coffee Organization (ICO) in the Trade Report of March 2022 said that global coffee exports in March totaled 13.16 million bags of coffee of all kinds, up 4.03% over the same period last year. However, exports in the first six months of the current coffee crop year 2021/2022 totaled only 66.25 million bags, down 0.1% year-on-year.
According to the ICO, in the past 12 months (from April 2021 to March 2022), Arabica coffee exports reached 80.90 million bags, down 2.14% and Robusta exports reached 48.90 million bags. increased 2.14% over the same period.
English (giacaphe.com)
