The world coffee futures price only fluctuated slightly, while most investors stood outside waiting to hear more news, with relatively low trade volume …
Robusta London T1 / 2021 chart session on December 8, 2020
KAt the end of the session, Robusta coffee prices on ICE Europe – London decreased. January spot futures dropped another 2 USD, down to 1,326 USD / ton and futures delivered in March dropped another 5 USD, to 1,345 USD / ton, the slight decrease. Trading volume below average.
In contrast, Arabica coffee prices on the ICE US – New York floor increased. Futures for delivery in March increased 0.15 cents, to 119.25 cents / lb and for May futures also increased by 0.15 cents, to 120.95 cents / lb, the slight increase. Trading volume in average.
The price of coffee beans in the Central Highlands provinces decreased by 0-100 VND, down to fluctuating in the frame 31,500 – 32,000 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1.4250 USD / ton, FOB – HCM, with the difference plus 60-80 USD / ton in term of March in London.
Reais copper decreased slightly by 0.13%, to $ 1 = 5,1310 Reais due to the negative impact from the foreign exchange market and the possibility of vaccination delay compared to information published by the Brazilian government. given. Meanwhile, the market is still concerned about new uncertain circumstances for the financial scenario, especially the concern that the Government has exceeded the ceiling on public spending.
Coffee prices fluctuated slightly on both futures in a state of waiting for a new funding package to be presented to the US Congress and the possibility of Brexit no deal increasingly evident through the disagreement negotiations between the UK and the EU.
English (giacaphe.com)
