Coffee price on October 9, 2021: maintaining two distinct trends

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Coffee futures prices continue to trend in the opposite direction as speculators are still buying and selling at a gap before the expiration of the New York option contract…

Robusta chart London T11/2021 session on October 8, 2021

Ending the last session of the week, Robusta coffee prices on ICE Europe – London continued to be stable with a mixed trend. November spot futures fell $2, to $2,117/ton, while January delivery futures remained unchanged at $2,116/ton and March 2022 delivery futures increased by $5, to 2,081 USD/ton, slight increases. Trading volume very below average. The inverse price structure is still maintained.

On the contrary, the price of Arabica coffee on the ICE US floor – New York continued the increase for the third consecutive session. December spot futures increased by 3.45 cents to 201.35 cents/lb and March 2022 delivery also added 3.45 cents to 204.25 cents/lb, strong gains. Trading volume quite above average.

The price of green coffee beans in the Central Highlands provinces remained unchanged, still fluctuating in the range of 40,300 – 40,800 VND/kg.

Price of exported Robusta coffee grade 2.5% black broken, standing at 1,966 USD/ton, FOB – HCM, with a deduction of 140 – 150 USD/ton according to the January 2022 futures price in London.

The reais fell 0.01%, the rate fell to 1 USD = 5,5160 Reais as the outside market continued to speculate on the possibility that the Fed will cut stimulus in the November policy meeting as reports show The US economy grew steadily and the USD continued to increase strongly.

World coffee futures prices continued their mixed trend, rising sharply in New York and stabilizing in London.

According to ‘s comment Barchart.com, New York coffee prices tend to be positive after September Trade Report The International Coffee Organization (ICO) estimates that global consumption increased from 167.01 million bags to 167.26 million bags, while the global coffee surplus estimate decreased from 2.63 million bags to 2.63 million bags. .39 million bags in crop year 2020/2021, will not be enough to make up for Brazil’s production which is expected to be very short due to dry weather and especially the frost in July this year.

English (giacaphe.com)

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