The decrease in selling in Brazil due to the carnival and the expiration of options in March supported the price increase …
Robusta London T5 / 2021 chart session on February 17, 2021
Ending the session, Robusta coffee prices on ICE Europe – London continued to recover. Futures for immediate delivery in March increased by 11 USD, to 1,349 USD / ton and futures for May delivery increased by 9 USD, to 1,372 USD / ton, the slight increases. Trading volume quite high above mmedium breast.
Similarly, Arabica coffee prices on the ICE US – New York floor also reversed and recovered. Futures for March delivery increased by 1.35 cents to 125.7 cents / lb and for May futures increased by 1.2 cents, to 127.4 cents / lb, the significant increases. Trading volume maintained very cpond above average.
The price of coffee beans in the Central Highlands provinces increased by 100-200 VND, up fluctuating in the frame 31,600 – 32,200 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,452 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of May in London.
Reais copper fell another 0.52%, to $ 1 = 5,4120 Reais due to concerns about a shortage of vaccine against covid-19, it would be inevitable that the Government sponsored a new emergency, because of the epidemic. The disease will continue to be hampered economic recovery. While USD’s long-term interest rate soaring, coupled with more upbeat US economic data reports, it has put emerging currencies in a difficult position. There is also support for option expiration on the derivatives markets in general.
Arabica prices continued to rebound even though the Reais copper fell as Brazilian growers halted sales because of the ongoing carnival with the support of the March options contract expiring and the New York Stock Exchange moving to a clear date. First delivery newspaper (FND) today, February 18.
Despite the same trend of recovery, Robusta coffee prices are more cautious, when the economy of the Eurozone continues to stagnate due to the spread of the new covid-19 disease, many countries have to take measures to relax. social ways and disagreement Brexit still persistent.
India’s Tata Coffee Group in a recent statement emphasized its focus on the high-quality instant coffee segment due to the increased need to work from home since the widespread outbreak of covid-19.
English (giacaphe.com)
