New York coffee prices remained stable, while London coffee prices weakened due to a decline in global consumption with many countries reporting a high increase in the number of people infected with the covid-19 epidemic …
Robusta London T5 / 2021 chart session on April 7, 2021
At the end of the session, Robusta coffee prices on ICE Europe – London reversed and decreased. May spot futures fell 5 USD, down to 1,329 USD / ton and July futures dropped 8 USD, to 1,349 USD / ton, the slight decrease. Trading volume above average.
In contrast, Arabica coffee prices on the ICE US – New York floor tend to be stable. May spot futures fell 0.1 cents, to 126.75 cents / lb and July futures were unchanged, still at 128.7 cents / lb, while futures were on an uptrend. light. Trading volume maintained very high above mGermany medium.
The price of green coffee in the Central Highlands provinces decreased by 100 VND, down to fluctuating in the frame 31,500 – 32,000 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,409 USD / ton, FOB – HCM, with the plus difference at 50-60 USD / ton in term of July in London.
Reais copper fell 0.80%, the exchange rate dropped to 1 USD = 5.6460 Reais because of fear of disease outbreak in the country, there was no sign of stopping. While USDX is still stable after the announcement of the minutes of the Fed committed to support the economy and the market.
Coffee prices on the two floors slumped as the reported data of covid-19 disease continued to rise. The latest is a statement by the French government that will expand the social gap across the country. European and American politicians expressed concern about the effectiveness of vaccines and especially the perception of not taking vaccines seriously.
After approval for wet-processed Arabica coffee, which accounts for about 11.5% of all Brazilian Arabica coffee produced annually, delivered on the New York Stock Exchange with a set discount, has surpassed the position. Honduras top production due to the Central American nation’s output dropped significantly after hurricanes Eta and Lota devastated the infrastructure of Honduras and Nicaragoa in November last year.
English (giacaphe.com)
