The demand for instant coffee at home has supported the price of London Robusta coffee which has remained stable…
At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to increase again. The January spot term was unchanged, still standing at $1,918/ton and the March delivery term increased by $8 to $1,876/ton, significant increases. Trading volume is average.
In contrast, the price of Arabica coffee on the ICE US floor – New York continued to decline. The March spot futures fell another 1.50 cents, to 158.70 cents/lb, and the May delivery futures also fell another 1.50 cents, to 159.40 cents/lb, very significant reductions. Trading volume remained above average.
The price of green coffee beans in the Central Highlands provinces increased by 200 dong, to range from 41,400 to 41,900 dong/kg.
Coffee futures prices tended to be mixed as the New York Arabica inventory report increased again to a 6-month high, while the London Robusta inventory report continued to decline, falling to a low level. According to traders, the market is tending to increase consumption of instant coffee at home, while consumption at shops and refreshment bars is somewhat more limited due to lower and lower incomes. . This is a supportive factor for London Robusta coffee prices to continue to stand firm.
The EU’s treaty to limit the consumption of products derived from deforestation can make it difficult for Brazil’s Conilon Robusta coffee to enter the world’s largest consumer market. origin from Vietnam.
English (giacaphe.com)
