Update on coffee prices on December 1, 2020: coffee prices on 2 floors declined

Coffee prices on December 1 were adjusted slightly in the downward direction of Robusta coffee prices in London. Harvest in Vietnam continues to slow down. The localities all forecast a decrease in output.

According to the Vietnam Statistics Industry, coffee exports in November 2020 decreased 37.5% over the same period last year.

Update coffee prices on December 1, 2020 on the world market

Ending the first session of the week, Robusta coffee prices on ICE Europe – London reversed and decreased. January spot futures dropped 10 USD, down to 1,401 USD / ton and March delivery term dropped 82 USD, to 1,405 USD / ton, the slight decrease. Trading volume is quite low below average.

Robusta London chart January 2021 session on 11/30/2020

Robusta London chart January 2021 session on 11/30/2020

Similarly, Arabica coffee prices on the ICE US – New York floor followed a downtrend. Futures for March delivery fell 0.9 cents, down 123.3 cents / lb and May futures dropped 0.75 cents, to 125.1 cents / lb, the significant reductions. Trading volume is quite high above average.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
01/21 1401 -10 -0.71 5464 1406 1389 1402 1411 35952
03/21 1405 -8 -0.57 3692 1411 1393 1405 1413 32544
05/21 1414 -10 -0.70 883 1421 1402 1414 1424 15036
07/21 1428 -11 -0.76 196 1430 1419 1429 1439 15729

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 120.7 -1.00 -0.82 51 121.4 118.9 121.35 121.7 768
03/21 123.3 -0.90 -0.72 24195 124.45 120.7 123.4 124.2 114719
05/21 125.1 -0.75 -0.60 9793 126.05 122.55 125.35 125.85 43650
07/21 126.7 -0.65 -0.51 5243 127.5 124.25 126.95 127.35 35878

Update prices of domestic coffee beans on December 1, 2020

The price of coffee beans in the Central Highlands provinces decreased by 200 VND, down fluctuating in the frame of 32,700 – 33,200 VND / kg.

Export Robusta coffee price grade 2, 5% broken black, stood at 1,475 USD / ton, FOB – HCM, with a difference plus 50-70 USD / ton in term of March in London.

Raw Coffee Average price Change
FOB (HCM) 1,456 Differential: +55
Đắk Lăk 33,000 -200
Lâm Đồng 32,500 -200
Gia Lai 32,900 -200
Đắk Nông 32,900 -200
Pepper 56,000 0
USD/VND 23,050 -10
Unit: VND/kg|FOB: USD($)/ton

Comments on the coffee market

Reais copper fell 0.39%, to stand at $ 1 = 5.3480 Reais in the context of Brazil having to increase its social measures, even though foreign capital investors returned to the market.

On the contrary, US stocks rebounded after signs of an epidemic of covid-19 increasing around the world and geopolitical tensions everywhere contributed to the increased demand for USD. The US Treasury Department announced a round of sanctions against companies in the Asian country. The strength of USD makes purchasing power slack because goods exchanged in USD become more expensive.

According to observers, coffee prices on the two futures floors fell again after rising hot due to unfavorable weather information in Brazil, Vietnam and Central America. At the same time, the market had a more specific look when the coffee crop year 2019/2020 ended, the reported figures became clear.

According to the General Statistics Office of Vietnam, coffee exports in November are estimated at about 70,000 tons, down 37.5% over the same period last year, bringing coffee exports in the first 11 months of 2020 down nearly 4%. compared to the first 11 months of 2019.

The coffee area in the Central Highlands continues to rain, with great rainfall. There has been local flooding, which continues to hinder harvests that are just starting at the peak.

Source: giacaphe.com

Update daily coffee prices at: update coffee prices

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