The embargo measures to prevent the war in Eastern Europe made world commodity markets complicated and unpredictable…
Robusta chart London T5/2022 session on 04/03/2022
At the end of the last session of the week, Robusta coffee prices on ICE Europe – London reversed to recover. Futures for delivery in May increased by 25 USD, to 2,038 USD/ton and term for delivery in July increased by 22 USD, to 2,013 USD/ton, significant increases. Trading volume on average.
Similarly, the price of Arabica coffee on the ICE US floor – New York has the same trend of recovery. Spot futures in May rose 1.35 cents to 224.25 cents/lb and futures for July delivery also rose 1.35 cents to 223 cents/lb, significant gains. Trading volume remained very high above average.
The price of green coffee beans in the Central Highlands provinces increased by 400-500 dong, up to range from 38,400 to 39,000 dong/kg.
Coffee prices on both world futures exchanges had just recovered at the end of the week as expected along with agricultural commodity exchanges in general. While gold prices, crude oil prices continued their hot rally and US stocks continued to decline due to fears of war “aggression” Russia’s situation has not abated, although several rounds of negotiations have taken place.
The Brazilian government reported that the export of green coffee in February increased by 290,200 bags, or 9.11% increase over the same period last year, to reach 3,475,183 bags. According to observers, the number of green coffee exports in February is the result of last year’s crop with cyclically low output. “two years one” of Brazil and the increase in exports was due to the significant improvement in prices in the domestic market.
Meanwhile, the National Coffee Federation (FNC) in Colombia reported that coffee exports in February fell by 295,000 bags, or 23.14% year-on-year, to only 928,000 bags. This has contributed to cumulative exports in the first 5 months of the current coffee crop year 2021/2022 reaching a total of 5,341,000 bags, a decrease of 627,000 bags, or a decrease of 10.51% compared to the same period of the previous crop year.
English (giacaphe.com)
