Robusta coffee futures prices fell in the weak session with low volume is speculated by the market …
Robusta London Tuesday / 2021 chart session on January 18, 2021
Ending the session alone at the beginning of the week, Robusta coffee prices on ICE Europe – London dropped again. Futures for delivery in March decreased 10 USD, down to 1,343 USD / ton and futures for May delivery also dropped 10 USD, to 1,353 USD / ton, the significant decreases. Trading volume below average.
Meanwhile, the ICE US – New York floor rested Martin Luther King Birthday Celebration, closed all day without transactions.
The price of coffee beans in the Central Highlands provinces decreased by 100-200 VND, down fluctuating in the frame of 31,800 – 32,300 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,433 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of May in London.
Reais copper fell slightly by 0.07%, to $ 1 = 5,3050 Reais due to weak liquidity as the US financial markets closed the National Holiday.
Robusta futures prices fell as the pressure to sell hedge for new products increased from producing countries.
According to observers, the volume of goods transacted in the domestic market of Vietnam began to increase quite strongly due to the need for people to spend and shop to celebrate the annual Tet holiday. However, most coffee growers are now intercropping a variety of crops to avoid landscape “Good season” often happens, so selling pressure is no longer massive before Tet holiday like previous years.
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