Coffee futures prices continue to be mixed as a weakening USDX has supported most emerging currencies to regain value…
Robusta chart London September 2022 session on July 29, 2022
Ending the last session of the week, Robusta coffee prices on the ICE Europe – London exchange extended the rising chain to the fifth session. The September spot term increased by 15 USD, to 2,030 USD/ton and the November delivery term increased by 14 USD, to 2,028 USD/ton, significant increases. Trading volume remain above average. London Robusta prices rose to a 4-week high.
In contrast, the price of Arabica coffee on the ICE US floor – New York continued to decline. September spot futures fell another 1.20 cents to 217.20 cents/lb and December futures fell another 0.80 cents to 213.80 cents/lb, slight losses. Trading volume quite above average.
The price of green coffee beans in the Central Highlands provinces increased by 300-400 VND, to ranged in the range of 40,500 – 41,100 VND/kg.
The price of coffee futures was mixed, similar to yesterday, falling in New York and maintaining the upward momentum in London. Robusta coffee prices also have the support of the Eurozone economic report still growing steadily, despite the fierce war in Eastern Europe and the energy crisis in the region that has pushed up commodity prices. go to high place.
The US core inflation report, excluding food and energy (PCE), in June accelerated more than market expected, up 4.8% year-on-year, raising concerns about the Fed. will remain strong at the September policy meeting. Speculative capital flows back to equities and USDX’s continued decline have supported most emerging currencies to regain value. The Reais rate fell slightly 0.17% to 1 USD = 5,1730 R$, supporting agricultural producers “huge” promote the export of goods in general.
English (giacaphe.com)
