The world coffee markets have not had new news, apart from reiterating the La Nina weather phenomenon that is still current until March, so extreme weather phenomena still threaten the coffee growing countries around the belt. Pacific.
Robusta London Tuesday / 2021 chart session on January 15, 2021
Ending the last session of the week, Robusta coffee prices on ICE Europe – London returned to the uptrend. Futures for immediate delivery in March increased by 21 USD, to 1,353 USD / ton and futures for May delivery also increased by 21 USD, to 1,363 USD / ton, the very significant increases. Trading volume quite high above average.
Similarly, Arabica coffee prices on the ICE US – New York floor increased for the third consecutive session. Futures for March delivery increased 0.8 cents, to 128.15 cents / lb and for May futures rose 0.85 cents, to 130.25 cents / lb, the slight increase. Trading volume maintained very high above average.
The price of coffee beans in the Central Highlands provinces increased by 300-400 VND, up fluctuating within the 32,000 – 32,500 VND / kg bracket.
Export Robusta coffee price type 2, 5% broken black, stood at 1,463 USD / ton, FOB – HCM, with the difference plus 80-100 USD / ton in term of May in London.
Reais copper plummeted 1.80%, to $ 1 = 5,3010 Reais due to concerns about the rise of the wave of covid-19 around the world while the supply of vaccines was still slow and especially the stimulus package. Like nearly 2 trillion of the new President of the United States who is about to take office, nothing has certainly made short-term pressure on US stocks.
Coffee prices on two world futures continued to recover, when speculation moved capital flows away from hidden assets to return to highly liquid derivative markets, causing gold prices and crude oil plunged.
However, coffee futures prices rose in contrast to the previous session due to the connection between the two exchanges, while news about coffee markets is still nothing new but a reiteration of the La Nina weather phenomenon. remains current until March and as a result, extreme weather risks still have a negative impact on coffee growing countries around the Pacific Rim.
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