The global coffee market is expected to form a new price level, ending the long recession cycle…
Robusta chart London T11/2021 session on October 1, 2021
At the end of the last session of the week, Robusta coffee prices on ICE Europe – London continued to increase. The November spot term increased by 42 USD, to 2,168 USD/ton and the term for delivery in January 2022 also increased by 42 USD, to 2,161 USD/ton, strong increases. Trading volume on average.
Similarly, the price of Arabica coffee on the ICE US floor – New York has the same upward trend. December spot futures increased by 10.05 cents, to 204.05 cents/lb and March 2022 delivery added 10.10 cents to 206.90 cents/lb, extremely strong gains. Trading volume very above average.
The price of green coffee beans in the Central Highlands provinces increased by 600-700 VND, to range from 41,100 to 41,700 VND/kg.
Price of export Robusta coffee grade 2.5% black broken, stood at 2,001 USD/ton, FOB – HCM, with the deduction increased to 150 – 160 USD/ton according to the January 2022 futures price in London.
The reais rose 1.48% to $1 = 5,3680 Reais on concerns about global inflation, political turmoil in Brazil, energy crisis in China and stimulus cuts The possible US economy in the near future has stimulated the reais to rebound, while the strong recovery of US stocks has dragged up commodity prices.
According to analysts, the price of coffee skyrocketed in the first session of the new coffee year 2021/2022 due to supply concerns when inventories at both exchanges continued to fall deeply. While the speculative capital flow needs to be balanced, it should be adjusted in anticipation of the possibility that the Fed – the US will raise the USD interest rate at the policy meeting in November.
Observers expect the global coffee market to establish a new price cycle with supply concerns from leading producers as strong support.
English (giacaphe.com)
