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The coffee market on 09/07/2015

This morning (07/7), the price of coffee bean in the Central Highlands province fell 600-700 dong, down at 36100-36700 VND / kg.

Biểu đồ giá cà phê Robusta London T9  ngày 06/07/2015
Robusta coffee price chart T9 day London 06/07/2015

London Markets:

On the ICE Futures Europe floor, Robusta coffee price reversal back. July futures for immediate delivery fell 9 USD, equivalent to 0.49%, down to $ 1,844 / ton, delivery period in September fell 37 US dollars, equivalent to 2.16%, while the $ 1,711 / ton and delivery period November also fell 37 US dollars, equivalent to 2.15%, while the $ 1,724 / ton, the rate declined dramatically. Trading volume remains below average.

New York:

On the ICE Futures US floor, Arabica coffee prices also drop back. July futures for immediate delivery fell 2.3 cents, or 1.87% decrease, down 123.3 cents / lb, term delivery fell 2.25 cents in September, which fell 1.8%, and 125.15 cents / lb and December term delivery fell 2.2 cents, or 1.71% decrease, while 128.95 cents / lb, very significant reductions. Trading volume on average.

Global markets have been shaken by the results of the referendum in Greece, although this was early in the scenario expected by most observers and analysts worldwide. However, the euro is expected to soon regained momentum as Eurozone leaders met this afternoon to discuss the appropriate measures to maintain the integrity of the euro area.

Coffee price slump was due to increased supply of information from Colombia, a manufacturer of high quality Arabica coffee the world's largest.

As reported by the Federation of Coffee Cultivation (Fedecafe) Colombia coffee output reached 1.24 million in June, up by 31.36% compared to the strong to the same period last year. Accumulated production of the first 9 months of coffee year 2014/2015 totaled 9.548 million bags, up 8.19% over the same period last year.

Fedecafe also reported June coffee exports reached 997,000 bags, up to 31% compared to the same period last year. Accumulated export volume in the first 9 months current coffee year totaled 8.888 million bags, up 7.3% from the same period last year.

Meanwhile, market sentiment Asian Robusta continued freeze resistant due to the continued price in the domestic market of Vietnam, especially when the difference in export prices remained firm due to increased of speculative buying on the main consumer markets. It has good support for Robusta coffee from Sumatra Indonesia increased volume landed.

Observers said demand should remain high grocery prices on the island structure on London futures exchanges continue to be maintained but not be soon, "the curtain", maybe even prolonged until Vietnam, manufacturer leading world entered the new harvest.



Hohuongcoffee
Source giacaphe.com

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