Coffee prices on the two world futures exchange again when there is new supportive information.
Robusta London Tue / 2021 chart session on January 29, 2021
Ending the last session of the week, Robusta coffee prices on ICE Europe – London increased. Futures for delivery in March increased 3 USD, to 1,306 USD / ton and futures for May delivery increased 6 USD, to 1,319 USD / ton, the slight increases. Trading volume very high above average.
In contrast, Arabica coffee prices on the ICE US – New York floor continued to decline. Futures for delivery in March decreased by 1.05 cents, down to 122.95 cents / lb and futures for May delivery decreased by 1.1 cents, to 125 cents / lb, the significant decreases. Trading volume very high above average.
The price of green coffee in the Central Highlands provinces increased from 0 to 100 VND, up to fluctuating in the frame 31,000 – 31,400 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,399 USD / ton, FOB – HCM, with the difference plus 70-80 USD / ton in term of May in London.
Reais copper fell another 0.73%, to $ 1 = 5.4760 Reais due to concerns about the risk of a new strain of covid-19 disease continuing to spread widely, while the Government of Brazil could not meet the demand. vaccines for the people. US stocks turned down sharply when investors on Wall Street were concerned about the possibility of a speculative bubble and a slow recovery of the US economy.
Robusta coffee prices in London adjusted to increase after the report of Vietnam exports in January fell sharply. According to the General Statistics Office, coffee exports in the first month of this year are only estimated at 2 million bags, down 17.36% over the same period last year. However, the market is not too concerned in the context of temporary high freight rates rising and current prices too low, preventing farmers from promoting sales of new crops.
On the contrary, Arabica coffee prices in New York continued to decline when the weather was raining, supporting the main Arabica coffee growing areas in southeastern Brazil and especially the new crop of Latin America countries. flowing to ICE floor to register for auction.
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