The basic factors supporting Robusta coffee prices such as price resistance from main producing countries and supply delays due to world maritime routes being shut down have not changed…
At the end of the trading session, Robusta coffee prices on ICE Europe – London had a mixed trend. March delivery term increased by 25 USD, to 3,245 USD/ton, while all distant terms decreased. Specifically, the May delivery term decreased by 6 USD, to 3,109 USD/ton and the July delivery term decreased by 14 USD, to 3,024 USD/ton, significant decreases. Trading volume is average.
On the contrary, the price of Arabica coffee on ICE US – New York floor reversed and decreased. March delivery futures decreased by 1.90 cents, to 188.80 cents/lb and May delivery futures decreased by 2 cents, to 185.85 cents/lb, very significant decreases. Trading volume remains at a level “huge”, rare.
The price of green coffee in the Central Highlands provinces decreased by 00 – 100 VND, fluctuating in the range of 77,800 – 78,900 VND/kg.
Arabica coffee prices in New York corrected again with ICE – US inventory report data recovering slightly to a two and a half month high, putting pressure on the coffee futures exchange. Meanwhile, the ICE – Europe inventory report yesterday, Thursday February 8, continued to decrease by 640 tons, or 2.48% compared to the previous day, down to 25,200 tons (about 420,000 bags). 60 kg), a new record low maintained the bullish momentum of spot futures. Fundamental factors such as price resistance from major producing countries and supply delays due to world shipping routes being shut down support Robusta coffee prices and have not changed at all.
According to the Brazilian Coffee Industry Association – ABIC, international roasters are using the abundant supply of natural Arabica to mix and grind to replace the currently expensive Robusta to increase profits.
English (giacaphe.com)
