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 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

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)

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