USDX rebounded due to the possibility that the new financing package worth 1.9 trillion would face a resistance that slowed down the purchasing power in the commodity market …
Robusta London Tuesday / 2021 chart session on January 25, 2021
Ending the first session of the week, Robusta coffee prices on ICE Europe – London dropped for the fourth consecutive session. Futures for immediate delivery in March decreased by 1 USD, down to 1,309 USD / ton and futures for May delivery decreased by 4 USD, to 1,318 USD / ton, the slight decrease. Trading volume maintained above average.
Similarly, Arabica coffee prices on the ICE US – New York floor followed a downtrend. Futures for delivery in March decreased by 0.8 cent, down to 123.25 cents / lb and futures for May delivery also decreased by 0.8 cent, to 125.4 cents / lb, the slight decrease. Trading volume maintained above average.
The price of coffee beans in the Central Highlands provinces decreased by 0-100 VND, down to fluctuating in the frame 31,100 – 31,500 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,398 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of May in London.
Reais copper fell 0.58%, to $ 1 = 5.5089 Reais due to the impact of external markets on rising global disease concerns and suspicion of a new stimulus package worth $ 1,900 billion. of the new US President raised the possibility of encountering resistance.
Coffee prices continue to fluctuate in the psychology of waiting for new information that can have an impact, in addition to speculation that the domestic market of Vietnam will be exciting when farmers increase sales of Robusta new crop to spend. spending for the Lunar New Year celebrations in Tan Suu year is coming.
Inventory reports managed by ICE have risen to a 5.5-month high for Arabica coffee and a 9.5-month high for Robusta, while supply from the main producer countries’ freshly harvested crop remains. continue to be delivered to the warehouses of the two floors awaiting auction.
According to the November Trade Report of the International Coffee Organization (ICO), global coffee exports in the first 2 months of the new coffee season 2020/2021 totaled 20.2 million bags, up 6.5%. compared with the same period of the previous coffee crop.
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