Reais Brasil copper recovered continuously, while USDX weakened and US stocks declined, supporting for world coffee futures prices …
Robusta London T5 / 2021 chart session on April 19, 2021
Ending the first session of the week, Robusta coffee prices on ICE Europe – London increased. May spot futures rose $ 3, up $ 1,357 / ton and July futures rose $ 5, while $ 1,385 / ton, slight increases. Trading volume in average.
Similarly, Arabica coffee prices on the ICE US – New York floor also reversed and increased. May spot futures increased 0.7 cents, to 129.85 cents / lb and July futures also rose 0.7 cents, to 131.9 cents / lb, the significant increases. Trading volume very high above mGermany medium.
The price of coffee beans in the Central Highlands provinces increased by 100 VND, up to fluctuate in the frame 31,900 – 32,600 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,445 USD / ton, FOB – HCM, with the plus difference at 50-60 USD / ton in term of July in London.
Reais copper rose 0.57%, rate increased at 1 USD = 5.5530 Reais, increased for the fifth consecutive session due to significant volatility in the domestic market as investors became more interested in the 2021 budget. even weakened from the very beginning of the session. Meanwhile US stocks fell, mainly due to the decline in technology stocks.
Arabica coffee prices in New York closed up on the bolstering of Reais Brasil’s support just before the May option expiration date was quite a surprise, while most analysts speculate. will decrease because the net buying volume of large speculators still needs to be liquidated. However, it is expected that the market will see strong volatility at the close today April 20 before moving to the first announcement day (FND).
Indonesia, the world’s third largest producer of Robusta coffee, is harvesting the new crop of the current coffee season 2021/2022 and new shipments have also begun to be delivered to export terminals. Indonesia’s coffee crop is calculated from the beginning of April of the previous year and ends at the end of March next year.
English (giacaphe.com)
