Coffee prices on June 16, 2021: London adjusted up

The expiration of the July options contract has prompted speculators to adjust the liquidation of their positions, in the context that the market in general is looking forward to the new policies of the “super Wednesday” day…

Robusta chart London July 2021 session on 15/06/2021

At the end of the session, the price of Robusta coffee on the ICE Europe – London exchange increased. Futures for spot delivery in July increased by 4 USD, to 1,573 USD/ton and for September delivery also increased by 4 USD, to 1,600 USD/ton, slight increases. Trading volume on average.

In contrast, the price of Arabica coffee on the ICE US floor – New York dropped for the third consecutive session. July spot futures fell another 2.90 cents to 151.20 cents/lb and September futures fell another 2.95 cents to 153.25 cents/lb, significant reductions. Trading volume remained very high above average.

The price of green coffee beans in the Central Highlands provinces increased by 100 dong, to range from 33,500 to 34,200 dong/kg.

Price of exported Robusta coffee grade 2.5% black, standing at $1,600/ton, FOB – HCM, according to September futures prices in London.

Reais up 0.57 %, rate up at 1 USD = 5.0420 Reais in anticipation of the day’s policy meetings “Super Wednesday”.

Arabica coffee prices fell for the third consecutive session with the news that Brazil had rained, helping to ease concerns about drought in the winter months.

Meanwhile, the price of Robusta coffee gained support as Vietnam reported a continuous decline in exports because of logistical difficulties, especially high sea freight rates and a shortage of empty containers.

According to observation, the price of coffee futures was mixed, but also due to speculation on the New York floor, it was a net seller “exceed” Before that, while coffee prices in London still showed caution with relatively low trading volume in recent sessions.

English (giacaphe.com)

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