The price of coffee futures fluctuates very strongly, but the volume of trade is still not high because most of the speculation is still waiting outside…
Robusta chart London May 2022 session on 07/03/2022
At the end of the first session of the week, the price of Robusta coffee on ICE Europe – London tended to be mixed. Spot futures in May decreased by 3 USD, to 2,035 USD/ton and term for delivery in July increased by 1 USD, to 2,014 USD/ton, slight increases/decreases. Trading volume very below average.
Similarly, the price of Arabica coffee on the ICE US floor – New York has a mixed trend. Spot futures in May were unchanged, remaining unchanged at 224.25 cents/lb and futures for July delivery were up 0.10 cents to 223.10 cents/lb, while futures for delivery fell. Trading volume quite above average.
The price of green coffee beans in the Central Highlands provinces remained unchanged, still fluctuating in the range of 38,400 – 39,000 VND/kg.
The price of coffee on both futures exchanges has just fluctuated with a very strong amplitude, but the volume of trade was not as expected because most of the speculation was still standing outside, mainly liquidating positions and closing. Short term is key. The price of gold, crude oil and many raw materials continued to soar, attracting a massive influx of speculative capital and bypassing the coffee market.
Meanwhile, although USDX continued its hot rally, US stocks continued to decline, due to the increase in global risk aversion following the war. “aggression” Russia in Eastern Europe and its economic impacts, has supported the emerging currencies of major commodity exporting countries to add value.
Preliminary data reported by Vietnam Customs shows that coffee exports in February reached 139,371 tons (equivalent to 2.32 million bags), up 6.83% over the same period last year, bringing exports 5 months The beginning of the current coffee crop year 2021/2022 totaled 638,519 tonnes (approximately 10.64 million bags), an increase of 6.73% over the same period last crop.
English (giacaphe.com)
