Update on coffee prices on 12/11/2020: coffee prices continued to rise sharply

Coffee prices on 12/11 increased with general goods as optimism about the covid-19 vaccine increased sharply and the controversy over the US election strengthened USDX.

Updated coffee prices on November 12 on London and New York floors.

At the end of the session, Robusta coffee prices on ICE Europe – London continued to rise. Futures for delivery in January increased by 27 USD, to 1,393 USD / ton and futures for delivery in March also increased by 27 USD, to 1,406 USD / ton, the very significant increases. Trading volume is at medium level.

Robusta London January 2021 chart session 11/11/2020

Robusta London January 2021 chart session 11/11/2020

Similarly, Arabica coffee prices on the ICE US – New York floor are in the same upward trend. Futures for December delivery increased 1.8 cents to 109.1 cents / lb and for March futures increased by 1.95 cents, to 111.95 cents / lb, the increases are very significant. 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 1373 +27 +2.01 0 1373 1373 0 1346 2381
01/21 1393 +27 +1.98 8186 1394 1364 1369 1366 42254
03/21 1406 +27 +1.96 4266 1407 1377 1382 1379 27250
05/21 1419 +27 +1.94 1593 1420 1391 1398 1392 13203

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 109.1 +1.80 +1.68 25497 110.55 107.8 108 107.3 54158
03/21 111.95 +1.95 +1.77 30530 113.25 110.4 110.8 110 102876
05/21 113.8 +1.95 +1.74 9544 115.05 112.25 112.4 111.85 38796
07/21 115.45 +1.95 +1.72 5961 116.6 113.8 113.8 113.5 32891

Update prices of domestic coffee beans on 12/11/2020

The price of coffee beans in the Central Highlands provinces increased by 300-400 VND, up fluctuating in the frame of 33,400 – 33,900 VND / kg.

Export Robusta coffee price type 2, 5% broken black, stood at 1,526 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 34,000 +500
Lâm Đồng 33,500 +500
Gia Lai 33,900 +500
Đắk Nông 33,900 +500
Pepper 55,500 0
USD/VND 23,090 0
Unit: VND/kg|FOB: USD($)/ton

Comments on the coffee market

Reais copper fell 0.53%, to stand at $ 1 = 5,4190 Reais continued to maintain foreign investors’ optimism after recent losses, while worrying about the possibility of hyperinflation. back under the domestic fiscal scenario.

The US stock market recovered strongly, especially technology stocks, which pulled the prices of a series of goods up and was optimistic that the early emergence of covid-19 vaccines that covered the global economy, while the competition The controversy between the two sides about the US election has made USDX stronger.

The Central Highlands coffee area has entered a new harvest, the number of workers in other localities participating in the collection is still low. However, coffee growers have only just picked them due to the prolonged rainy season, which has caused coffee beans to ripen this year late.

Source: Anh Văn (giacaphe.com)

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