Besides the weather reports in Brazil, there was favorable rain, the market also reported that Colombia’s coffee exports in September increased…
Robusta chart London T11/2021 session on October 6, 2021
At the end of the session, the price of Robusta coffee on the ICE Europe – London exchange increased. The November spot term increased by 5 USD, to 2,116 USD/ton and the term for delivery in January 2022 increased by 7 USD, to 2,116 USD/ton, slight increases. Trading volume below average.
Similarly, the price of Arabica coffee on the ICE US floor – New York has the same upward trend. December spot futures rose 1.55 cents to 193.45 cents/lb and March 2022 futures also increased 1.55 cents to 186.40 cents/lb, significant gains. Trading volume very below average.
The price of green coffee beans in the Central Highlands provinces increased by 100 dong, to range from 40,300 to 40,800 dong/kg.
Price of export Robusta coffee grade 2.5% black broken, stood at 1,966 USD/ton, FOB – HCM, with a deduction of 140 – 150 USD/ton according to the January 2022 futures price in London.
The reais fell 0.01%, the exchange rate fell to 1 USD = 5.4860 Reais as the outside market calmed down after the US President’s acceptance to reduce the infrastructure package to between 1,800 and 2.3 trillion reais. USD instead of 3,500 billion as previously proposed to avoid the public debt ceiling default. This agreement has helped many stock exchanges and commodities blow away the red color that has covered since the beginning of the session.
The world coffee futures price has also regained the green color after the previous 2 strong declines. However, traders are still cautious with very low trading volume due to favorable rain in the coffee belt in southern Brazil and Fedecafé – Colombia reports September exports increase to 23% over the same period last year, reaching 1.09 million bags.
English (giacaphe.com)
