Robusta coffee futures prices have increased for 7 consecutive sessions for spot delivery, while inventory reports continue to decline and the price difference in Southeast Asia is currently very high, needing adjustment and balance. compare prices in manufacturing countries after the first delivery notification date (FND)…
At the end of the trading session, the spot price of Robusta coffee on the ICE Europe – London floor continued to increase. The November delivery term increased by 12 USD, to 2,421 USD/ton and the January delivery term increased by 15 USD, to 2,335 USD/ton, very significant increases. Trading volume remains quite high above average.
Similarly, the price of Arabica coffee on the ICE US – New York floor has the same increasing trend. December delivery futures increased by 1 cent, to 158.05 cents/lb and March 2024 delivery futures increased by 0.95 cents, to 157.65 cents/lb, very significant increases. Trading volume remains well above average.
The price of green coffee beans in the Central Highlands provinces was adjusted to decrease by 6,500 – 7,000 VND, down to fluctuating in the range of 56,700 – 57,300 VND/kg, due to delivery after the first notification day (FND).
Rising risk aversion has pushed crude oil prices and long-term US Treasury bond yields to new highs, while stocks have tumbled amid a conflict in the Middle East that could spread to other countries.
The Brazilian Coffee Export Council (Cecafé) released data showing that coffee exports in September decreased by 10.9% compared to the previous month, due to some problems in the logistics sector and discouraging prices. export sales.
Consulting firm StoneX estimates that Robusta exports from Brazil have skyrocketed for most of the past year due to a decline in global supply and will maintain growth until the end of 2023.
The General Department of Vietnam Customs reported preliminary data showing that coffee exports in the first half of October reached 17,838 tons (about 300 thousand bags), bringing exports in the first 9.5 months of the year to a total of 1,270,818. tons (equivalent to 20.18 million bags), down 8% over the same period last year.
English (giacaphe.com)
