Update on coffee prices on November 27, 2020: Coffee prices increased sharply.
The UK election victory revealed the possibility of Brexit not being convenient according to the schedule, stimulating investors to return to London market to support the price increase.
Update coffee prices on November 27 in the world
Ending the session “exclusive”, the price of Robusta coffee on the ICE Europe – London floor suddenly accelerated. January spot futures increased by 43 USD, to 1,409 USD / ton and futures for March delivery increased by 35 USD, to 1,411 USD / ton, the very strong increases. Trading volume is at medium level.
Meanwhile, New York Market for the US Thanksgiving holiday, not open.
Robusta London chart January 2021 session on November 26, 2020
Robusta coffee prices (ICE Futures Europe)
| Period | Fix price | Change | % | Volume | High | Low | Opening Price | Yesterday | Open interest |
| 01/21 | 1409 | +43 | +3.15 | 7178 | 1414 | 1363 | 1367 | 1366 | 35901 |
| 03/21 | 1411 | +35 | +2.54 | 4820 | 1412 | 1375 | 1376 | 1376 | 30826 |
| 05/21 | 1421 | +33 | +2.38 | 1595 | 1423 | 1387 | 1387 | 1388 | 14726 |
| 07/21 | 1434 | +33 | +2.36 | 189 | 1436 | 1400 | 1400 | 1401 | 15868 |
Arabica coffee prices (ICE Futures US)
| Period | Fix price | Change | % | Volume | High | Low | Opening Price | Yesterday | Open interest |
| 12/20 | 114.5 | 0 | 0 | 38 | 115.15 | 114.05 | 114.35 | 114.5 | 929 |
| 03/21 | 117.15 | 0 | 0 | 15723 | 119.15 | 116.05 | 117 | 117.15 | 114339 |
| 05/21 | 119 | 0 | 0 | 6389 | 121 | 117.95 | 118.95 | 119 | 43913 |
| 07/21 | 120.7 | 0 | 0 | 3327 | 122.6 | 119.7 | 120.65 | 120.7 | 35298 |
Update prices of domestic coffee beans on November 27
The price of coffee beans on November 27 in the Central Highlands provinces increased by 500 – 600 VND, up fluctuating in the frame of 32,900 – 33,300 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,481 USD / ton, FOB – HCM, with the difference plus 50-70 USD / ton in term of March in London.
| Raw Coffee | Average price | Change | |||
| FOB (HCM) | 1,464 | Differential: +55 | |||
| Đắk Lăk | 33,200 | +700 | |||
| Lâm Đồng | 32,700 | +700 | |||
| Gia Lai | 33,100 | +700 | |||
| Đắk Nông | 33,100 | +700 | |||
| Pepper | 56,000 | +500 | |||
| USD/VND | 23,080 | +10 | |||
|
Unit: VND/kg|FOB: USD($)/ton |
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Comments on the coffee market
Reais copper fell 0.31%, to stand at $ 1 = 5.3370 Reais due to the expectation that a new funding package will soon be considered by the US Congress to help the forex market regain the strength of the USD in the basket of money. bad bad.
London coffee prices increased sharply when the New York market closed without transaction was predicted by the market due to the lack of linkage between the two exchanges. But the strong increase surprised investors, so the hasty increase in buying has driven up prices, although global demand for “bitter” coffees has increased during the Covid-19 pandemic. this has been confirmed by the market.
According to observers, the immediate impact perhaps from the UK Prime Minister’s winning election results will boost the possibility of Brexit not negotiating on schedule. Besides, there are market reports showing that the supply of old season Robusta from the leading producer has been exhausted, while the supply of the new crop is slowed because the storm that lasted throughout October and early November caused farmers to cannot harvest the crop.
Note: Today on Friday (Black Friday), the New York market may be open only half a session for people to shop as usual.
Source: Anh Văn (giacaphe.com)
Update daily coffee prices at: update coffee prices