World coffee futures prices are mixed again with the support of new information…
London Robusta chart January 1, 2022 session on November 24, 2021
At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to decrease. Futures for delivery in January decreased by 16 USD to 2,281 USD/ton and term for delivery in March decreased by 12 USD to 2,222 USD/ton, significant reductions. Trading volume very below average. The island price structure closes the gap.
Similarly, the price of Arabica coffee on the ICE US floor – New York continued to increase. The March spot futures added 3.35 cents to 245.40 cents/lb and the May delivery futures added 3.25 cents to 244.80 cents/lb, very significant gains. Trading volume remained very above average. The island price structure widens the gap.
The price of green coffee beans in the Central Highlands provinces decreased by 200-300 VND, ranging from 41,800 to 42,400 VND/kg.
Price of export Robusta coffee grade 2.5% black broken, stood at 1,972 USD/ton, FOB – HCM, with a deduction of about 220 – 250 USD/ton according to the March futures price in London.
The reais gained 0.23%, the rate rose to 1 USD = 5,5950 Reais, as the USD was pressured during the session before the release of the FOMC minutes with speculation about the possibility of a stimulus cut and an increase. early interest rates ahead of time.
The price of Arabica coffee in New York continues to increase due to worries about a decrease in global supply when the Pacific Coffee Belt will see a lot of rain, which will be detrimental to many producing countries, but will cause dryness in the region. main Arabica coffee in southeastern Brazil.
Meanwhile, the price of Robusta coffee in London reversed to fall outside of the speculative market as producing countries entered the harvest of the new crop in anticipation of increased production by USDA.
However, the information that is of most interest to the market is that, after the easing of social distancing and transport restrictions, the first very large shipment of Robusta coffee from the two main Southeast Asian producers will leave the port. at the end of this November, after a long delay due to the pandemic.
Notify: Today, Thursday, November 25, the New York market is closed for Thanksgiving Day in the US, closed all day without trading. The London market closed for an early break.
ANhan Van (giacaphe.com)
