Update coffee prices on 13/11/2020: domestic coffee prices are the highest since the beginning of the year

Coffee prices today 13/11 domestic market continued to increase. Around the world, coffee prices have impressive growth sessions.

Updated coffee prices on 13/11 in the world market

The prospect of the covid-19 vaccine is not enough to prevent the economic catastrophe caused by it is the warning of the leading central banks in the world, causing the market to increase further risk concerns …

At the end of the session, Robusta coffee prices on ICE Europe – London rose for the third consecutive session. January spot futures increased by 20 USD, to 1,413 USD / ton and futures for March delivery increased by 15 USD, to 1,421 USD / ton, the very significant increases. Trading volume is quite high above average.

Robusta London chart January 2021 session 11/12/2020

Robusta London chart January 2021 session 11/12/2020

Similarly, Arabica coffee prices on the ICE US – New York floor extended the chain to the sixth session. Futures for December delivery increased 1 cent, to 110.1 cents / lb and futures for March delivery also increased by 1 cent, to 112.95 cents / lb, the significant increases. Trading volume remained very high above average.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
11/20 1393 +20 +1.46 1222 1393 1393 0 1373 2381
01/21 1413 +20 +1.44 12320 1419 1395 1395 1393 42025
03/21 1421 +15 +1.07 8369 1426 1407 1410 1406 27988
05/21 1432 +13 +0.92 2387 1435 1418 1421 1419 13435

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 110.1 +1.00 +0.92 27567 110.7 108.75 109.35 109.1 47121
03/21 112.95 +1.00 +0.89 31335 113.5 111.65 112.2 111.95 106146
05/21 114.8 +1.00 +0.88 9574 115.4 113.55 114.2 113.8 39509
07/21 116.45 +1.00 +0.87 8795 117.05 115.3 115.8 115.45 33866

Update prices of domestic coffee beans on 13/11

The price of coffee beans in the Central Highlands provinces increased by 300-400 VND, up fluctuating in the frame of 33,700 – 34,200 VND / kg.

Export Robusta coffee price grade 2, 5% broken black, stood at 1,541 USD / ton, FOB – HCM, with the difference plus 100 – 120 USD / ton in term of March in London.

Raw Coffee Average price Change
FOB (HCM) 1,532 Differential: +135
Đắk Lăk 33,800 +300
Lâm Đồng 33,300 +300
Gia Lai 33,700 +300
Đắk Nông 33,700 +300
Pepper 56,500 +1000
USD/VND 23,090 0

Unit: VND/kg|FOB: USD($)/ton

Comments on the coffee market

Reais copper plummeted by 1.19%, to stand at $ 1 = 5.4840 Reais, the lowest level in a week with an increase in the number of covid-19 infections in the world and after the statement of the President Ngan The European Central Bank (ECB) and the US Federal Reserve (Fed) increase risk aversion further.

The US stock market continues to adjust due to the expectation that the new funding package will soon be approved by the US Congress before the Lunar New Year holiday, even though the presidential election through the beginning of the new year 2021 will have results and the chances of a funding package have been pushed back further.

Coffee prices on both exchanges in the world continued to increase, not only from concerns about the possibility that Brazil would face a crop year in 2021 “more than expected” but also from the weather phenomenon La Nina has a negative impact on coffee producing countries around the Pacific Rim because of too much rain.

Source: Anh Văn (giacaphe.com)

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