The price of coffee futures continues to fall deeply as more factors promote heightened risk aversion…
Robusta chart London July 2022 session on May 9, 2022
At the end of the first session of the week, the price of Robusta coffee on ICE Europe – London dropped for the third consecutive session. Futures for spot delivery in July decreased by 63 USD, to 2,020 USD/ton and for September delivery decreased by 59 USD to 2,020 USD/ton, very strong reductions. Trading volume on average.
Similarly, the price of Arabica coffee on the ICE US floor – New York trended down. July spot futures fell another 4.35 cents to 206.10 cents/lb and September futures fell another 4.40 cents to 206.05 cents/lb, very strong declines. Trading volume remained very above average.
The price of green coffee beans in the Central Highlands provinces decreased by 900 – 1,000 VND, to range from 39,200 to 39,800 VND/kg.
The USD rose in a row and the reais rate fell again, while risk aversion increased with a stronger monetary tightening cycle in the US and the possibility of a slowdown in the Chinese economy when the government will strengthen. blockade in Shanghai due to policy “zero covid”continue to push the price of coffee futures down deeply.
However, economic experts believe that the current socio-economic situation will not last through the end of this quarter and the market will “get used to” when the world’s major central banks will also change the monetary base interest rate next.
Brazil will organize the 23rd International Coffee Conference in Santos, on May 11 and 12, with the participation of many coffee producers and traders around the world, in order to find new solutions. for current issues related to the coffee industry.
English (giacaphe.com)
https://giacaphe.com/gia-ca-phe-truc-tuyen/
