Coffee prices continued to recover (February 19, 2021)

Coffee futures prices rose sharply in New York and a bit cautious in London raised expectations for a positive return soon, as the global economy showed signs of recovery and vaccination. expand further …

Robusta London T5 / 2021 chart session on 02/18/2021

At the end of the session, Robusta coffee prices on ICE Europe – London rose for the third consecutive session. Futures for delivery in March increased by 3 USD, to 1,352 USD / ton and futures for May delivery increased by 8 USD, to 1,380 USD / ton, the slight increases. Trading volume maintained quite high above mmedium breast.

Similarly, Arabica coffee prices on the ICE US – New York floor also had a third consecutive session. May spot futures increased 1.9 cents to 129.3 cents / lb and July futures increased by 1.95 cents, to 131.2 cents / lb, the increases are very significant. Trading volume otherpond above average.

The price of coffee beans in the Central Highlands provinces increased by 100-200 VND, up fluctuating in the frame 31,700 – 32,400 VND / kg.

Export Robusta coffee price type 2, 5% broken black, stood at 1,460 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of May in London.

Reais copper fell another 0.55%, to $ 1 = 5,4430 Reais due to concerns about the inevitability of a new emergency funding round and whether the Government would exceed the ceiling on public spending, in the context of epidemics. The disease increased and the immunization rate was slow. Meanwhile, the high long-term U.S. Treasury rates continue to put pressure on emerging currencies and attract speculative capital flows into the US market as economic data reports show the possibility Recovery of the world’s leading economy is very optimistic.

Coffee futures prices continued to rebound in both markets on speculation that demand will increase again as vaccination is widely practiced and markets relax more socially. New York coffee prices still maintain momentum right after the end of the option contract is a positive signal for agricultural products that have the most speculative attraction and expect this to be maintained with London when the market. This will expire on February 23.

The Bean Coffee Association (GCA) in the US reports that January inventories fell 2.26% from the previous month, to 5.84 million bags. The additional 1.2 million bags reported will ensure the roasting demand of North America for more than 11 weeks, though not high, but still considered a relatively safe number.

Vietnamese trade speculates that coffee export results in February will be quite low, not only because there are few days this month, but also due to the long traditional Tet holiday and especially due to an outbreak of disease in Tet holiday, causing many localities to leave school for all levels to the end of the month.

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