US stocks soared when the White House signaled to start the process of transferring power and index Dow Jones set a historical record when it surpassed 30,000 points for the first time. The benefits of the crude oil and gold markets made coffee temporarily sacrificed.
Robusta London T1 / 2021 chart session on 11/24/2020
KAt the end of the session, Robusta coffee prices on the ICE Europe – London floor extended the chain to the sixth session. Futures for delivery in January decreased by 25 USD, down to 1,353 USD / ton and futures for delivery in March decreased by 22 USD, to 1,365 USD / ton, the decline was quite strong. Trading volume is at medium level.
Similarly, Arabica coffee prices on the ICE US – New York floor declined for the third consecutive session. Futures for delivery in March decreased by 1.15 cents, down 115.9 cents / lb and for May futures decreased by 1.1 cents, to 117.85 cents / lb, declines in design. Trading volume below average.
The price of coffee beans in the Central Highlands provinces decreased by 400-500 VND, down fluctuating in the frame of 32,300 – 32,700 VND / kg.
Export Robusta coffee price grade 2, 5% broken black, stood at 1,445 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of March in London.
Reais copper rose 1.08%, to stand at $ 1 = 5,3770 Reais due to the optimism of foreign capital investors after the signal to start the process of transferring power from the White House and the possibility that the world will An additional variety of covid-19 vaccines have been produced. US stocks soared, indexes Dow Jones For the first time in history, surpassing 30,000 points, speculative capital flows in the derivative market flowed strongly to the crude and gold, making coffee temporarily sacrificed.
According to data reported by Vietnam Customs, coffee exports in the first half of November, mainly Robusta coffee, reached 31,305 tons (equivalent to 521,720 bags, 60 kg bags), with a value of 61.83 million USD . The lowest export results since 2012 to date show that the supply of the old season from the leading producer Robusta has been exhausted, while the new crop will not be available for a few weeks.
English (giacaphe.com)
