Although the Brazilian weather has rained a lot to support coffee growing new crops, the damage at the flowering stage is irreversible.
Robusta London Tuesday / 2021 chart session on January 14, 2021
At the end of the session, Robusta coffee prices on ICE Europe – London were slightly adjusted. March spot futures were unchanged, still at $ 1,332 / ton, while May futures fell $ 1, to $ 1,342 / ton and July futures dropped $ 2, to $ 1,355 / ton, very slight reductions. Trading volume in average.
In contrast, Arabica coffee prices on the ICE US – New York floor continued to rise. Futures for March delivery increased 2.1 cents to 127.35 cents / lb and for May futures increased by 2.15 cents, to 129.4 cents / lb, the increases are very significant. Trading volume maintained very high above average.
The price of green coffee in the Central Highlands provinces remained unchanged, still fluctuating in the frame 31,600 – 32,100 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,442 USD / ton, FOB – HCM, with the difference plus 80-100 USD / ton in term of May in London.
Reais copper surged 1.95%, to $ 1 = 5.2070 Reais due to optimism from outside markets following the statement of the President of the US Federal Reserve (Fed) will not change interest rates in the context of The newly elected president is expected to propose a new $ 2 trillion funding package as soon as he takes office in the middle of next week. Most of short-term investors took profit, making US Securities weak again, but supporting agricultural products to add value. Meanwhile, the Eurozone economy continues to cope with the covid-19 pandemic, which, according to the German Prime Minister, could last until this year’s Easter.
World coffee futures prices returned, showing two different trends. Robusta coffee prices, although there are concerns from Vietnam’s exports in 2020, will decrease slightly, but only temporarily due to many importers increasing social gap measures and the lack of containers as well as the sharp increase in sea freight. . In contrast, Arabica coffee prices are currently supported by the Reais exchange rate, but the market still has concerns that the world’s No. 1 producer output is not only in a cyclical year. “Two years one” but also experiencing drought in the early cotton-making stage. Although the current Brazilian weather has rained a lot of good support for coffee plants to develop new crops, the damage at the coffee plant cotton stage is cannot be reversed.
Editorial board noted: Newsletters on the page giacaphe.com are allowed to quote. However, in order to avoid unfortunate professional mistakes when editing, please contact us via email nguyenthinh@giacaphe.com for assistance.
English (giacaphe.com)
