Update coffee prices on September 22, 2020 – Coffee prices today
Commodity markets generally remain negative as US equities continue to weaken due to risk concerns from an increase in covid-19 infection around the world, while negotiations on a new stimulus package remain Deadlock in the US Congress …
Ending the first session of the week, Robusta coffee prices on ICE Europe – London continued to decline. November spot futures dropped by 9 USD, down to 1,347 USD / ton and January delivery term dropped by 10 USD, to 1,362 USD / ton in slight decrease. Trading volume is above average.
Meanwhile, Arabica coffee prices on ICE US – New York floor fell for the sixth consecutive session. Futures for immediate delivery in December decreased by 1.5 cents, down 112 cents / lb and futures for March delivery decreased by 1.45 cents, to 113.85 cents / lb, the declines very significantly. Trading volume is very high above average.
The price of coffee beans in the Central Highlands provinces decreased by 200 VND, down fluctuating in the frame 31,600 – 32,100 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,472 USD / ton, FOB – HCM, with a difference plus 90 – 110 USD / ton in term of January in London.
Reais copper fell 0.44%, to $ 1 = 5.3990 Reais due to fears of increasing domestic covid-19 epidemic with risks from negative currency fluctuations abroad after many stocks Banks plunged because illegal activities were hidden for many years, potentially leading to strong sanctions when many customers sued.
The hearing before the Congress of the President of the Fed (USA) and the report of the last meeting of Copom (Brazil) are the focus of today’s opinion of investors in financial markets and commodity markets general agricultural chemistry.
Coffee prices continue to plummet according to the negative of banking stocks because investment loans will become more difficult and more limited temporarily. However, coffee futures markets have shown signs of a reversal when both exchanges started going into the “oversold” zone.
Source: Anh Văn (giacaphe.com)
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