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The coffee market on 23/07/2015

This morning (23/7), the price of coffee bean in the Central Highlands province increased by 300-400 dong, up at 35900-36500 VND / kg.

Biểu đồ giá cà phê Robusta London T9  ngày 22/07/2015
Robusta coffee price chart T9 day London 07/22/2015

London Markets:

On the ICE Futures Europe floor, Robusta coffee price reversal. September term delivery rose 17 US dollars, equivalent to 1.01%, up to $ 1,681 / ton, delivery period in November increased by 16 dollars, equivalent to 0.94%, up to $ 1,695 / ton and month term delivery 1/2016 increased by 15 dollars, or up 0.88%, to $ 1,711 / ton, relatively slight gains. Trading volume was below average.

New York:

On the ICE Futures US floor, Arabica prices fell onto chain extending sixth consecutive session. Delivery period in September decreased by 0.35 cents, or 0.28% decrease, down 125.6 cents / lb, forward delivery in December fell by 0.4 cents, which fell 0.31%, and 129.15 cents / lb and futures for April delivery added 1.05 cents 3/2016 reduction, which dropped 0.79%, and 132.2 cents / lb, the slight decline. Trading volume remains below average.

Arabica prices continue to weaken due to sellers who maintain strong Brasil outset new service in the context of Reais still lost market exchange rates and Colombia also boost sales thanks to increased output after the recultivation.

Robusta coffee futures prices benefited from investors holding has certified volume of the London unchanged in July at $ 1,801, maintain the gap over $ 100 compared to September every guest needs immediately.

Meanwhile, the difference in producing countries in Southeast Asia continued to hold despite new Indonesian goods were offered and many speculated Vietnam would likely discharge to increase financing to step into the new season harvest from next October.

The market has also begun to appear the suspect landed volumes plummeted 30% yoy and domestic market is still in a state of silence, despite much speculation discharge capability, is past harvest by Vietnam really lost harvests.

Source giacaphe.com