Update coffee prices on December 10: coffee prices on 2 exchanges declined

The price of coffee on December 10, 2020 decreased by an average of 100 VND / kg in most localities. At the two major coffee exchanges of the world, they both fell deeply. Disappointed by the disagreement about the new financing package that made USDX rebound and US stocks fell, which had a negative impact on most derivative commodity markets …

Update coffee prices on December 10 on the world market

At the end of the session, Robusta coffee prices on ICE Europe – London dropped for the fourth consecutive session. January spot futures fell 14 USD, down 1,312 USD / ton and futures for March delivery dropped 11 more, to 1,334 USD / ton, the significant reductions. Trading volume is at medium level.

Robusta London chart January 2021 session on December 9, 2020

Robusta London chart January 2021 session on December 9, 2020

Similarly, Arabica coffee prices on the ICE US – New York exchange reversed and decreased. Futures for delivery in March fell 2.2 cents, down 117.05 cents / lb and futures for May delivery fell 2.15 cents, to 118.8 cents / lb, the decline very significantly. Trading volume below average.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
01/21 1312 -14 -1.06 4202 1332 1310 1331 1326 30592
03/21 1334 -11 -0.82 9225 1351 1331 1347 1345 40428
05/21 1347 -9 -0.66 2345 1362 1345 1361 1356 17148
07/21 1364 -9 -0.66 562 1378 1362 1374 1373 15971

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
12/20 114.9 -2.20 -1.88 1 115.1 114.9 115.1 117.1 104
03/21 117.05 -2.20 -1.84 13623 119.6 116.5 119.6 119.25 114995
05/21 118.8 -2.15 -1.78 4167 121.3 118.3 121.25 120.95 43633
07/21 120.35 -2.10 -1.71 4176 122.7 119.85 122.7 122.45 35314

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

Update prices of domestic coffee beans on December 10

The price of coffee beans in the Central Highlands provinces decreased by 100-200 VND, down fluctuating in the frame of 31,400 – 31,800 VND / kg.

Export Robusta coffee price type 2, 5% broken black, stood at 1,414 USD / ton, FOB – HCM, with the difference plus 60-80 USD / ton in term of March in London.

Raw Coffee Average price Change
FOB (HCM) 1,367 Differential: +55
Đắk Lăk 31,700 -100
Lâm Đồng 31,200 -100
Gia Lai 31,600 -100
Đắk Nông 31,600 -100
Pepper 56,000 0
USD/VND 23,040 0

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

Comments on the coffee market

Reais copper fell 0.81%, to stand at $ 1 = 5,1730 Reais after the Monetary Commission (Copom) and Bank of Brazil (BC) decided to maintain interest rates at 2.00% / year. with the expectation of holding the target under long-term inflation.

Meanwhile, the disagreement in the US Congress about the new funding package leading to speculation that there will be no economic stimulus before Christmas made USDX rebound and US stocks fell again. This is also the main reason that speculation on derivative commodities continues to stand outside to wait and listen more.

Coffee prices on both futures continued to weaken, but the main impact of supply – demand, when Brazil exports increased and Vietnam is promoting the harvest of a new crop, in the context of favorable weather. more beneficial for coffee producing countries.

However, the market is also cautious about the forecast that Brazil’s upcoming crop will drop dramatically and the report on the increase in the number of covid-19 infection in the world causes the global demand for coffee The drop is inevitable.

Source: giacaphe.com

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