The derivative coffee markets surged in the closing session of the option contract due to the speculation that the previous excessive net selling caused the world coffee price to weaken for a long time …
Robusta London T7 / 2021 chart session on April 26, 2021
Ending the first session of the week, Robusta coffee prices on ICE Europe – London continued to rise. July spot futures increased by 24 USD, to 1,440 USD / ton, September futures also increased by 24 USD, to 1,460 USD / ton, the very significant increases. Trading volume very high above average.
Similarly, Arabica coffee prices on the ICE US – New York floor increased for the third consecutive session. July futures increased by 4.85 cents, to 143.35 cents / lb and for September futures also increased by 4.85 cents, to 145.25 cents / lb, the increase was very strong. Trading volume very high above mbrisket medium.
The price of coffee beans in the Central Highlands provinces increased by 400-500 VND, up fluctuating in the frame of 33,000 – 33,600 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,500 USD / ton, FOB – HCM, with a plus difference at 50-60 USD / ton in term of July in London.
Reais copper rose 0.90%, rate increased at 1 USD = 5.4490 Reais after optimism when the 2021 Budget Law of Brazil was revised and enacted. Meanwhile, the downward adjustment of USDX has supported emerging currencies to add value and stimulated the market to increase buying goods in general.
Coffee prices on both exchanges followed the rise in the possibility that Copom Brazil will raise the Reais copper base rate by 0.75% next week and the Fed policy meeting today. to consider the current inflation rate in the context of the strong outbreak of Covid-19 in Asia and Europe.
According to observers, the price of Arabica New York coffee increased to a high of 3.5 years due to the dry weather in the coffee regions of southern Brazil. Lack of rain will cause the coffee fruit to be harvested to decrease in quality and is a suitable condition for frost formation when the winter comes.
London Robusta coffee prices rise to 7-week highs with further support from the leading producer’s declining March exports, while the return of the social gap will boost demand. instant home coffee, of which Robusta beans are the main ingredient.
Coffee prices rebounded strongly on both exchanges in the session of the May option contract, while Brazil’s record crop in 2020 stimulated strong speculation to sell excessively, causing coffee prices. prolonged weak world.
The current price difference between the two derivatives coffee floors is not conducive to New York Arabica coffee but good support for London Robusta coffee.
English (giacaphe.com)
