Update on coffee prices on November 20: Coffee prices maintain a mixed trend

Coffee prices on November 20 on the London and New York exchanges

Ending the session, Robusta coffee prices on ICE Europe – London dropped for the third consecutive session. Futures for delivery in January decreased by 11 USD, down to 1,391 USD / ton and futures for delivery in March dropped by 6 USD, to 1,403 USD / ton, the significant decreases. Trading volume is at medium level.

Robusta London chart, January 2021, session 11/19/2020

Robusta London chart, January 2021, session 11/19/2020

In contrast, Arabica coffee prices on the ICE US – New York floor have for the fourth consecutive session. Futures for delivery in March increased by 0.35 cents, to 123.2 cents / lb and for May futures also increased by 0.35 cents, to 125.05 cents / lb, slight increases. Trading volume is above average.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
11/20 1370 -13 -0.94 2 1370 1370 0 1383 1101
01/21 1391 -11 -0.78 6534 1410 1388 1403 1402 40640
03/21 1403 -6 -0.43 5288 1417 1399 1409 1409 33960
05/21 1416 -5 -0.35 1249 1430 1413 1420 1421 13815

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 120.65 +0.90 +0.75 203 121 118.65 119.8 119.75 1927
03/21 123.2 +0.35 +0.28 22185 124.4 121.15 122.5 122.85 116992
05/21 125.05 +0.35 +0.28 7347 126.2 123.05 124.6 124.7 43335
07/21 126.65 +0.50 +0.40 4082 127.75 124.55 125.7 126.15 34695

Update prices of domestic coffee beans on November 20

The price of coffee beans in the Central Highlands provinces decreased by 100-200 VND, down fluctuating in the frame of 33,200 – 33,600 VND / kg.

Export Robusta coffee price type 2, 5% broken black, stood at 1,523 USD / ton, FOB – HCM, with the difference plus 100 – 120 USD / ton according to the term price in March in London.

Raw Coffee Average price Change
FOB (HCM) 1,446 Differential: +135
Đắk Lăk 33,300 -200
Lâm Đồng 32,700 -200
Gia Lai 33,100 -200
Đắk Nông 33,100 -200
Pepper 56,000 0
USD/VND 23,090 0

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

Comments on the coffee market

Reais copper rose slightly 0.41%, to stand at $ 1 = 5.3140 Reais following the positive trend of emerging countries currencies, while USDX fell again as the disease increased caused New York has to close schools from today.

The International Monetary Fund (IMF) has warned that the second covid-19 epidemic is slowing the growth of the world economy and the countries need timely support. European Central Bank (ECB) announced that it will adjust the basic interest rate of Euro even though the EU leaders have not reached a consensus on the 750 billion Euro recovery package. Meanwhile, there have been signals of a Congressional meeting later this month to review the new funding package as tens of millions of people are running out of benefits by the end of the year.

Coffee prices maintain a mixed trend when the market is still worried about storms causing a new harvest in Central America to lose revenue, while prolonged dry weather in Brazil causes coffee flowers to bloom. damaged, burnt leaves, next crop’s yield will drop at least 25%, even the severity is “unpredictable”, according to Procafé.

The Foreign Agriculture Division of the US Department of Agriculture (USDA) has just released the crop report of some coffee producing and exporting countries in the world. Overall, global coffee production and exports continue a steady trend in coffee year 2020/2021.

Source: Compiled from (giacaphe.com)

Update daily coffee prices at: update coffee prices

Hotline
Contact