The price of coffee on the two futures floors suddenly accelerated when the capital inflows of speculative commodities flowed to…
Robusta chart London 3/2022 session on 08/02/2022
At the end of the session, the price of Robusta coffee on ICE Europe – London continued to increase. The March spot term increased by 13 USD, to 2,246 USD/ton and the May delivery term increased by 16 USD, to 2,234 USD/ton, very significant increases. Trading volume above average.
Similarly, the price of Arabica coffee on the ICE US floor – New York reversed to increase sharply. March spot futures rose 7.30 cents to 248.95 cents/lb and May delivery futures rose 7.10 cents to 249.40 cents/lb, very strong gains. Trading volume at a “terrible” level, rarely seen.
The price of green coffee beans in the Central Highlands provinces increased by 200-300 dong, up to range from 40,200 to 40,900 dong/kg.
The price of Arabica coffee on the New York Stock Exchange suddenly accelerated due to speculation on capital flows when the price of gold and crude oil suddenly dropped. USDX reversed slightly to make emerging currencies more valuable, which also helped support coffee prices to return to the upward momentum. As a result, Arabica coffee prices rose to a 2-month high and Robusta rose to a 3-week high.
According to observers, although the world coffee price has returned to increasing momentum, farmers in producing countries have not benefited, it seems that it is only to compensate for the currently high logistics costs that have not yet shown signs of improvement. benevolent.
ANhan Van (giacaphe.com)
