Coffee prices continued to recover on both futures when the market got more support from the export report in March of the two second largest producers in the world …
Robusta London T5 / 2021 chart session on April 13, 2021
Ending the session, Robusta coffee prices on the ICE Europe – London floor adjusted to increase. May spot futures increased 1 USD, up 1,343 USD / ton and July futures rose 4 USD, up 1,369 USD / ton, the slight increase. Trading volume in average.
Similarly, Arabica coffee prices on the ICE US – New York floor are in the same trend. Futures for delivery in May increased 1.95 cents, to 130.05 cents / lb and futures for July delivery also increased 1.95 cents, to 131.95 cents / lb, the slight increase. Trading volume maintained very high above mGermany medium.
The price of coffee beans in the Central Highlands provinces increased from 0 to 100 VND, up to fluctuating in the frame 31,700 – 32,300 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,429 USD / ton, FOB – HCM, with a plus difference at 50-60 USD / ton in term of July in London.
Reais rose 0.13%, rate rose at 1 USD = 5,7170 Reais after the decline of USDX before emerging currencies due to the decline in long-term US Treasury bond interest rate, while the problem The budget in Brazil has yet to be determined.
Coffee prices continued to rebound after a March export report of the world’s two largest coffee producers and exporters, combined with speculators adjusting their position balance before maturity. choose the May term on both exchanges.
The Coffee Exporters Association (Cécafe) in Brazil reported that March exports fell 2.7% to only 3.06 million bags, which brought consumer markets back to supply concerns, despite the market. has been speculating that Brazil will see a drop in exports since March when the previous month’s exports were too strong due to the weakening Reais, which stimulated an increase in exports.
Vietnam Customs reported preliminary data showing that coffee exports, mainly Robusta, in March reached 169,624 tons (about 2.83 million bags), up 38.10% over the previous month. However, the cumulative exports in the first three months of 2021 only reached 453,010 tons (about 7.55 million bags), down 12.20% over the same period last year.
English (giacaphe.com)
