The coffee futures markets recorded that Commodity Funds returned to buy up the previous strong net selling volume…
At the end of the last session of the week, Robusta coffee prices on ICE Europe – London continued to increase.
Futures for delivery in March increased by 35 USD to 1,916 USD/ton and term for delivery in May increased by 32 USD to 1,879 USD/ton, significant increases. Trading volume remained very high above average.
Similarly, the price of Arabica coffee on the ICE US floor – New York has the same upward trend. The March spot futures added 2.30 cents to 151.70 cents/lb and the May delivery futures increased 2.40 cents to 152.55 cents/lb, very significant gains. Trading volume remained very high above average.
The price of green coffee beans in the Central Highlands provinces increased by 600-700 VND, ranging from 41,500 to 42,100 VND/kg.
Coffee futures prices continued their upward momentum as USDX as the market speculated that the Fed would only raise its interest rate by 0.25% at its mid-February policy meeting. This has supported the good mood globally, along with the reopening of the Chinese economy, which has spurred Commodity Funds to return to buying.
According to observers, recording a very significant buying force in the world coffee futures markets for the past two consecutive sessions was the Commodity Funds that bought up for the strong net selling volume during the previous two weeks. due to heightened risk aversion as global inflation remains high and many major producing countries harvest the new crop of coffee year 2022/2023.
>> Coffee prices today in the Central Highlands provinces
English (giacaphe.com)
