VỀ CHÚNG TÔI

Coffee Coffee prices today 20/01/2021: Prices rebounded, despite the epidemic,...

Coffee prices today 20/01/2021: Prices rebounded, despite the epidemic, the demand for Robusta coffee is still high

-

- Advertisment -

Coffee prices today 20/01/2021 futures on both world exchanges have slight fluctuations. The shortage of empty containers for export is still affecting coffee exports.

Update coffee prices today 20/01/2021

Coffee prices today 20/01/2021 futures on both world exchanges were slightly adjusted, trading volume was not high.

At 12:20 am on January 20 (Vietnam time), the green color covered ICE Futures Europe_London (UK), the listing of robusta coffee increased; Price delivered in March 2021 increased 2 USD / ton (0.15%) compared to the previous session, stood at 1,345 USD / ton; Price delivered in May 2021 also increased by 2 USD / ton (0.15%), traded at 1,355 USD / ton. Trading volume is not high.

At the same time of the survey, arabica coffee prices on ICE Futures US – New York (USA) turned to decrease slightly, red color flooded at all delivery terms; spot coffee prices in March decreased 1.3 Cent (1.01%), down 126.85 Cent/lb; May delivery also slightly decreased by 1.3 Cent (1%), to 128.95 Cent/lb. Trading volume decreased.

Robusta coffee prices transactions in London

Period Price Change % change Mass Tallest The shortest Open door Open contract
03/21 1348 +5 +0.37 % 9855 1349 1332 1343 44975
05/21 1358 +5 +0.37 % 2922 1360 1343 1353 28557
07/21 1372 +5 +0.37 % 1148 1373 1357 1367 16948
09/21 1391 +6 +0.43 % 328 1391 1377 1387 7917
Unit: USD ($) / Ton Coffee price Trading unit: lot = 10 tons

Arabica coffee prices traded in New York

Period Price Coffee price Change % change Mass Tallest The shortest Open door Open contract
03/21 127.15 -1 -0.78 % 19435 128.75 124.65 126 97644
05/21 129.25 -1 -0.77 % 7927 130.8 126.8 128.75 52313
07/21 131.1 -1.05 -0.79 % 3355 132.65 128.7 130.25 35149
09/21 132.9 -1.1 -0.82 % 2484 134.4 130.5 131.55 35721
Unit: USD Cent / lb   1USD = 100cent   1Lb ~ = 0.45Kg   Trading unit: lot = 37,500 lb

In the domestic market, coffee prices today 20/01/2021 suddenly fell sharply, down 400 VND / kg in most of the key coffee-growing regions of the Central Highlands and the South. Specifically, the highest purchased coffee price in Dak Lak is 32,000 VND / kg; the lowest price in Lam Dong was 31,300 VND / kg; coffee prices in Gia Lai decreased by 400 VND / kg, trading around 31,700 VND / kg; in Dak Nong decreased 400 VND / kg, fluctuating to threshold 31,700 VND / kg; in Kon Tum about 31,600 VND / kg; the price of coffee delivered at the city port. Ho Chi Minh City decreased by 300 VND / kg, fluctuating at 33,200 VND / kg.

Coffee prices today 20/01/2021 in Vietnam

TT of the bucket Average price Change
FOB (HCM) 1,413 Subtract:  +55
Coffee priceDak Lak 31,900 +100
Lam Dong 31,500 +100
Gia Lai 31,800 +100
Dak Nong 31,800 +100
pepper 51,000 0
Exchange rate USD / VND 22,980 0
Unit of measure: VND / kg FOB: USD ($) / ton

Export Robusta coffee price type 2, 5% broken black, stood at 1,433 USD / ton, FOB – HCM, with a difference plus 70-80 USD / ton in term of May in London.

Market sentiment is worried that US stocks will decline after President Biden takes office because it has increased strongly under Mr. Trump, so the cash flow tends to shift to agricultural products. Meanwhile, since the beginning of 2021, there has been a significant increase in purchases from Chinese businesses.

According to observers, the volume of goods transacted in the domestic market of Vietnam started to increase quite strongly, due to the need for people to spend and shop during the Tan Suu Lunar New Year. However, most coffee growers are now intercropping many crops to avoid the “bad season” often occurring, so selling pressure is no longer as massive as in previous years.

Contrary to concerns about a decline in global coffee consumption due to social disparities, instant coffee processors such as Nestlé (Switzerland), Folgers, and Dunkin (USA), all said coffee sales The dissolved coffee in 2020 will increase very well. The demand for instant coffee at home increased dramatically due to the social gap, Rabobank predicted, the demand for instant coffee at home would continue to increase after the Covid-19 crisis. This is good news for Robusta coffee.

The volume of goods transacted in the domestic market of Vietnam began to increase sharply due to the need for people to spend and purchase in preparation for the Lunar New Year. However, this year, most coffee growers are intercropping a variety of crops to avoid the situation of “losing season ” which often takes place before Tet like previous years, so the selling pressure is no longer too much. big.

Today, Brazil’s Reais fell slightly by 0.07%, to $ 1 = 5,3050 Reais due to weak liquidity as the US financial markets closed the National Holiday. Robusta futures prices fell as the pressure to sell hedges for new crops increased from producing countries.

Recently  The Hindu reported that the Indian coffee farmer organizations have welcomed the terms of budget support for cultivation in Wayanad district, a large Robusta coffee growing region in the country. At the end of last week, Mr. TM Thomas Isaac, India’s Finance Minister, said that the Government has increased the minimum support price for raw Robusta coffee by 90 rupees/kg.

Mr. Prasanth Rajesh, Chairman of the Wayanad Coffee Growers Association, said: “This has helped us a lot at a time when the coffee-growing situation in the district is in serious crisis due to low product prices and cost. input fees are high ”.

Helena Magazine

TIN MỚI NHẤT

Coffee price today 22/2/2021: There is a trend of positive changes after the Lunar New Year

Coffee price today 22/2/2021: slight increase in most localities. Last week, the market was quiet due to the Lunar...

Coffee prices today 3/2/2021: Strong impact from covid-19, Robusta turned back to drop sharply

After many sessions of strong increase yesterday, coffee prices today on 3/2/2021 on two derivatives turned down. Robusta coffee prices...

Coffee prices today 25/1/2021: Robusta has many positive opportunities

Coffee prices today 25/1/2021 in Vietnam remained stable. While world coffee prices are on a downward trend. Robusta coffee prices...

Coffee prices today 20/01/2021: Prices rebounded, despite the epidemic, the demand for Robusta coffee is still high

Coffee prices today 20/01/2021 futures on both world exchanges have slight fluctuations. The shortage of empty containers for export is...
- Advertisement -

Coffee prices today January 18, 2021: Coffee exports in 2021 turn positive, many opportunities for Robusta

Coffee prices today January 18, 2021: The price of Robusta coffee in London delivered in March 2021 increased by...

Coffee prices today 9/1/2021: Falling simultaneously

Coffee prices today 9/1/2021 world robusta continued to decline for the fourth session in the chain of declining days...
- Advertisement -

CÓ THỂ BẠN QUAN TÂMRELATED
ĐỀ XUẤT CHO BẠN