The two futures coffee floors increased sharply as the full moon day of July was approaching…
Read more: >> Frost in Brazil threatens to raise coffee prices further.
Robusta chart London September 2021 session on July 21, 2021
At the end of the session, the price of Robusta coffee on ICE Europe – London continued to increase. The September spot term increased by 18 USD, to 1,779 USD/ton and the November delivery term increased by 24 USD, to 1,787 USD/ton, very significant increases. Trading volume above average.
Similarly, the price of Arabica coffee on the ICE US floor – New York also continued to increase. September spot futures added 9.20 cents to 176 cents/lb and December futures also added 9.20 cents to 178.9 cents/lb, very strong gains. Trading volume very above average.
The price of green coffee beans in the Central Highlands provinces increased by 300-400 dong, up to range from 36,500 to 37,100 dong/kg.
Price of export Robusta coffee grade 2.5% black broken, standing at 1,737 USD/ton, FOB – HCM, with a deduction of 40 – 50 USD/ton according to the November futures price in London.
The Reais rose 0.74%, the rate rose to 1 USD = 5.1910 Reais on fears that excessive inflation in the US will cause the Fed to cut stimulus and the spread of the new variant coronavirus.
Coffee prices continued the upward trend as the market received more clear news of frost in Brazil, while the risk of frost appearing on the full moon day of July is also approaching. It seems that the roasters have begun to participate, no longer standing outside to wait, listen for more.
English (giacaphe.com)
