Update on coffee prices on November 18, 2020: coffee prices are mixed

The price of coffee on November 18, 2020 is in the range of 33,500 – 34,100 VND / kg. Around the world, coffee prices on the 2 floors were mixed. The initial optimism and excitement about the new covid-19 vaccine seems to have calmed down, while typhoon 13 – Vamco only caused mild rains in the north of the Central Highlands coffee region and harvested Robusta crop. head is accelerated.

Updated coffee prices on November 18 on the world market

Ending the session, Robusta coffee prices on ICE Europe – London reversed to decline. January spot futures fell 24 USD, down to 1,416 USD / ton and futures for March delivery dropped 26 USD, to 1,423 USD / ton, the decline is very significant. Trading volume maintained above average.

Robusta London chart in January 2021 session on 11/17/2020

Robusta London chart in January 2021 session on 11/17/2020

In contrast, Arabica coffee prices on the ICE US – New York floor maintained an increase. Futures for December delivery increased 0.55 cents, to 116.2 cents / lb and futures for March delivery increased 0.75 cents, to 119.5 cents / lb, the significant increases. Trading volume is at a “huge” level, rarely seen.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
11/20 1403 -23 -1.61 2 1403 1403 0 1426 1107
01/21 1416 -24 -1.67 8082 1444 1408 1444 1440 40894
03/21 1423 -26 -1.79 5700 1450 1416 1450 1449 31870
05/21 1435 -22 -1.51 2311 1463 1427 1463 1457 13861

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 116.2 +0.55 +0.48 15943 116.65 114.2 115.95 115.65 19974
03/21 119.5 +0.75 +0.63 38777 119.9 117.45 119 118.75 114398
05/21 121.35 +0.80 +0.66 13585 121.75 119.35 120.8 120.55 41340
07/21 122.9 +0.75 +0.61 5138 123.3 120.95 122.3 122.15 33625

Update prices of domestic coffee beans on November 18

The price of coffee beans in the Central Highlands provinces decreased by 400-500 VND, down fluctuating in the frame 33,700 – 34,200 VND / kg.

Export Robusta coffee price grade 2, 5% broken black, stood at 1,543 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) 1,551 Differential: +135
Đắk Lăk 33,900 -500
Lâm Đồng 33,400 -500
Gia Lai 33,800 -500
Đắk Nông 33,800 -500
Pepper 56,000 0
USD/VND 23,090 0
Unit: VND/kg|FOB: USD($)/ton

Comments on the coffee market

Reais copper surged 1.91%, to stand at 1 USD = 5,3320 Reais after Central Bank of Brazil (BC) increased swaps and foreign investment inflows strongly flowed into the stock market. . In contrast, USDX plummeted when the President of the Federal Reserve (Fed) expressed concern that the US economy is still risky because the covid-19 epidemic is still increasing and it is too early to talk about the effectiveness of the vaccine. new request. The US stock market has softened again after yesterday’s hot growth.

Arabica coffee prices in New York increased cautiously, investors waiting for more clear information about the consequences of the Iota hurricane in the Central American coffee growing countries.

Robusta coffee price dropped as soon as the President of the European Central Bank (ECB) announced that he was ready to adjust policies, bringing the base rate to 0% and applying the interest rate of -0.5% again. With the reserves, to support the Eurozone economy, which is currently facing the second covid-19 wave, even the advancement of a new vaccine does not change the economic outlook at the moment. It is clear that the risk of recession is very serious this time, despite overcoming the worst of the first covid-19 crisis.

Up to now, more than 70 countries have registered for loans from the International Monetary Fund (IMF) to recover their economies because of the pandemic.

Source: giacaphe.com

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