Coffee prices today December 17: Simultaneously rebound

Coffee prices today on December 17, 2020 in the domestic market increased by 100-200 VND / kg. The market is somewhat more optimistic when the Fed will continue to maintain interest rates at 0 – 0.25%, until at least 2023, to support the economy to recover from the covid-19 pandemic.

Update Coffee prices today on December 17, 2020 in the world

At the end of the session, Robusta coffee prices on ICE Europe – London reversed and increased. Futures for delivery in January increased 6 USD, to 1,354 USD / ton and futures for delivery in March also increased by 6 USD, to 1,378 USD / ton, the slight increases. Trading volume is above average.

Robusta London chart January 2021 session on December 16, 2020

Robusta London chart January 2021 session on December 16, 2020

Similarly, Arabica coffee prices on the ICE US – New York floor also reversed and increased. Futures for delivery in March increased 1.95 cents, to 126.6 cents / lb and futures for May delivery also increased 1.95 cents, to 128.45 cents / lb, the increases are very significant. Trading volume maintained above average.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
01/21 1354 +6 +0.45 4835 1358 1342 1345 1348 24678
03/21 1378 +6 +0.44 7545 1381 1365 1365 1372 43058
05/21 1388 +4 +0.29 2105 1391 1379 1379 1384 18870
07/21 1403 +4 +0.29 369 1406 1396 1400 1399 16161

Unit: USD($)/ ton | Units Per Transaction: lot = 10 ton

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 125.05 +1.95 +1.58 29 126 125.05 126 123.1 57
03/21 126.6 +1.95 +1.56 17389 128.6 125.25 125.25 124.65 112681
05/21 128.45 +1.95 +1.54 7883 130.4 127 127 126.5 44144
07/21 130 +1.95 +1.52 5445 131.8 128.45 128.45 128.05 34650

Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~= 0.45Kg | Units Per Transaction: lot = 37,500 lb

Update Coffee prices today on December 17, 2020 on domestic market

The price of coffee beans in the Central Highlands provinces increased slightly by 100 VND, up fluctuating in the frame of 32,500 – 33,000 VND / kg.

Export Robusta coffee price type 2, 5% broken black, stood at 1,458 USD / ton, FOB – HCM, with a difference plus 60-80 USD / ton in term of March in London.

Raw Coffee Average price Change
FOB (HCM) 1,403 Differential: +55
Đắk Lăk 33,000 +100
Lâm Đồng 32,700 +100
Gia Lai 33,000 +100
Đắk Nông 33,000 +100
Pepper 55,500 0
USD/VND 23,040 0
Unit: VND/kg|FOB: USD($)/ton

Comments on the coffee market

Reais copper fell 0.41%, to $ 1 = 5,1070 Reais with caution after the 2021 budget approved by Congress and fear of external financial risks after the Reserve US Federation (Fed) makes monetary policy decisions without new news. Accordingly, the Fed will continue to buy assets to support the economy and interest rates will remain at 0 – 0.25% until at least 2023.

Arabica coffee prices on the New York floor rebounded as investors continued to expect the funding package to soon reach a consensus before Christmas. While the price of Robusta coffee on the London floor continued to adjust and balance speculative positions before the expiration date of the January 2021 option contract, in the context of many EU countries continuing to implement social gap. Assembly at a higher level.

On the first day of the week, Rabobank predicted that Brazil’s 2021/2022 Arabica coffee output would decrease from 38.8 million bags to 37.2 million bags year on year in a down cycle (2019) due to drought from the beginning of the crop. . This seems to be a somewhat optimistic forecast compared to many forecasts.

Farmers in the Central Highlands coffee area are at the peak of harvesting their crop hoping to complete it before New Year’s Eve 2021. It is observed that this year’s crop has a very high rate of ripe fruit collection due to a lot of attention from farmers. more on grain quality and post-harvest drying methods.

Source: giacaphe.com

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