The inverse price structure is still maintained, which has supported the world coffee futures price to regain its upward momentum…
Robusta chart London 3/2022 session on December 21, 2021
At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to increase. Futures for delivery in March increased by 9 USD, to 2,317 USD/ton and term for delivery in May increased by 7 USD, to 2,273 USD/ton, significant increases. Trading volume on average. The island price structure maintains the gap.
Similarly, the price of Arabica coffee on the ICE US floor – New York has an upward trend. March spot futures rose 4.15 cents to 228.25 cents/lb and May delivery futures rose 4.10 cents to 228.20 cents/lb, strong gains. Trading volume on average. The island price structure stabilizes the gap.
The price of green coffee beans in the Central Highlands provinces increased by 100-200 VND, up to range from 42,100 to 42,400 VND/kg.
Price of export Robusta coffee grade 2.5% black broken, stood at 2,023 USD/ton, FOB – HCM, with a deduction of about 240 – 250 USD/ton according to the May futures price in London.
The Reais rose 0.03%, the exchange rate rose to 1 USD = 5.7390 Reais after the Central Bank of Brazil continued to inject money to support liquidity in the foreign exchange market to strengthen the Reais in the face of exchange rate concerns. prices are getting weaker.
Coffee prices reversed up after a rare plunge earlier, while spot demand remained tight, helping to maintain the inverse price structure in both world coffee futures markets.
There is growing concern about the Omicron variant, which, although assessed to be less likely to cause serious illness in those receiving the third dose, could make world economic development even more difficult. , while the Christmas and New Year’s Eve 2022 is approaching.
English (giacaphe.com)
