Supply concerns in the Asian region support the upward price trend, while the focus of the world coffee market at this time still revolves around weather conditions in Brazil and the development of the new 2024 crop. 2025…
At the end of the trading session, Robusta coffee prices on ICE Europe – London floor reversed and recovered. March delivery futures increased by 31 USD, to 2,786 USD/ton and May delivery futures increased by 27 USD, to 2,714 USD/ton, significant increases. Trading volume remains below average.
On the contrary, the price of Arabica coffee on the ICE US – New York floor continued the downward trend. March delivery futures decreased another 0.70 cents, to 185.55 cents/lb and May delivery futures decreased another 0.60 cents, to 183.50 cents/lb, slight decreases. Trading volume is below average.
The price of green coffee in the Central Highlands provinces increased by 500 – 600 VND, fluctuating in the range of 66,600 – 67,400 VND/kg. Fresh coffee prices trade around 15,500 VND/kg.
Coffee futures prices adjusted mixed after the weather information that Brazil had had rain, in addition to the report of increased global coffee exports in November from the International Coffee Organization (ICO). Meanwhile, data reported by the ICE Report Center shows that inventories on both exchanges have not recorded any significant improvement, Arabica still stands at the lowest level in 24 years, Robusta has no additions from sources. Asian palace.
According to observers, Indonesian coffee currently has a difference of 500 – 600 USD/ton compared to the London futures price, while Vietnamese Robusta for immediate delivery has increased to 100 – 120 USD/ton, doubling. compared to last week. In fact, the supply is not abundant, so local traders have to raise prices to buy goods.
Global commodity markets continue to fluctuate with uncertainty over whether the Fed will begin its interest rate cutting cycle after the US employment report fell short of expectations and crude oil prices tended to increase following related tensions. Hamas – Israel war.
English (giacaphe.com)
