Coffee futures prices are mixed when there is basic information to support, in the context of investors waiting for a new stimulus package to be issued when the new US president takes office.
Robusta London Tuesday / 2021 chart session on January 19, 2021
Ending the session, Robusta coffee prices on the ICE Europe – London floor adjusted to increase. Futures for immediate delivery in March increased by 5 USD, to 1,348 USD / ton and futures for May delivery also increased by 5 USD, to 1,358 USD / ton, the slight increases. Trading volume in average.
In contrast, Arabica coffee prices on the ICE US – New York floor reversed and decreased. Futures for delivery in March decreased 1 cent, to 127.15 cents / lb and futures for May delivery also decreased by 1 cent, to 129.25 cents / lb, the significant decreases. Trading volume above average.
The price of coffee beans in the Central Highlands provinces increased by 100 VND, up to fluctuate in the frame 31,900 – 32,400 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,438 USD / ton, FOB – HCM, with the difference plus 70-80 USD / ton in term of May in London.
Copper Reais fell another 0.75%, to $ 1 = 5,3500 Reais due to risk aversion of investors as the distribution and vaccination of anti-covid-19 vaccines proved slow. USD continued to be a shelter and US stocks rebounded on the expectation that the new US President would launch stimulus packages. “Worth the money”.
Coffee prices are back in contrast when speculators balance, adjust the status, slightly increase in London and decrease significantly in New York.
According to observers, Arabica coffee prices fell when the Exporters Association (Cecafé) in Brazil reported that December exports continued to increase sharply by 38.6% year-on-year to a record 4 , 3 million bags. The Cooxupé Coffee Cooperative also expects it to export Arabica in 2021 by 20% from the previous year. While weather reports from major growing areas in southeastern Brazil are currently raining heavily, it is favorable for the new crop to grow.
In contrast, Robusta coffee prices adjusted to increase when the Vietnam Coffee & Cocoa Association (Vicofa) reported that the output of the just-harvested crop was estimated to decrease by 10-15% compared to the previous crop due to unfavorable weather and investment , the farmers’ fertilization decreased because the price is too low, while the demand for instant coffee in the world is increasing due to the social gap. Robusta is the main raw material for the production of instant coffee.
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