Coffee prices have risen in general as optimism about the covid-16 vaccine has surged and the US election controversy has strengthened USDX.
Robusta London T1 / 2021 chart session on 11/11/2020
KAt the end of the session, Robusta coffee prices on ICE Europe – London continued to rise. Futures for delivery in January increased by 27 USD, to 1,393 USD / ton and futures for delivery in March also increased by 27 USD, to 1,406 USD / ton, the very significant increases. Trading volume is at medium level.
Similarly, Arabica coffee prices on the ICE US – New York floor are in the same upward trend. Futures for December delivery increased 1.8 cents to 109.1 cents / lb and for March futures increased by 1.95 cents, to 111.95 cents / lb, the increases are very significant. Trading volume remained very high above average.
The price of coffee beans in the Central Highlands provinces increased by 300-400 VND, up fluctuating in the frame of 33,400 – 33,900 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,526 USD / ton, FOB – HCM, with the difference plus 100 – 120 USD / ton according to the term price in March in London.
Reais copper fell 0.53%, to stand at $ 1 = 5,4190 Reais continued to maintain foreign investors’ optimism after recent losses, while worrying about the possibility of hyperinflation. back under the domestic fiscal scenario.
The US stock market recovered strongly, especially technology stocks, which pulled the prices of a series of goods up and was optimistic that the early emergence of covid-19 vaccines that covered the global economy, while the competition The controversy between the two sides about the US election has made USDX stronger.
The Central Highlands coffee area has entered a new harvest, the number of workers in other localities participating in the collection is still low. However, coffee growers have only just picked them due to the prolonged rainy season, which has caused coffee beans to ripen this year late.
. English (giacaphe.com)
