VỀ CHÚNG TÔI

Coffee Coffee prices today 9/1/2021: Falling simultaneously

Coffee prices today 9/1/2021: Falling simultaneously

-

- Advertisment -

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

Robusta coffee prices transactions in London

Period Price Change % change Mass Tallest The shortest Open door Open contract
01/21 1328 -20 -1.48 % 5 1345 1340 1345 4892
03/21 1336 -20 -1.47 % 9352 1360 1334 1354 45540
05/21 1347 -19 -1.39 % 5692 1369 1345 1368 22796
07/21 1360 -19 -1.38 % 2482 1383 1359 1378 17108
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
03/21 121.1 +0.2 +0.17 % 17994 122.75 119.35 121 108764
05/21 123.1 +0.15 +0.12 % 7706 124.7 121.45 123.1 49595
07/21 124.95 +0.2 +0.16 % 4228 126.45 123.3 124.9 35982
09/21 126.6 +0.2 +0.16 % 3116 128.05 125.05 126.45 30464
Unit: USD Cent / lb   1USD = 100cent   1Lb ~ = 0.45Kg   Trading unit: lot = 37,500 lb

World Robusta coffee prices continued to decline for the 4th session in a series of discount days as soon as the beginning of 2021. As noted by  TG&VN  at 23:00 on January 8 (Vietnam time), Robusta coffee prices traded at the exchange. ICE Futures Europe_London (UK) for January delivery dropped another 10 USD / ton (0.71%) compared to the previous session, currently standing at 1.39.7 USD / ton; Price delivered in March 2021 decreased sharply by 21 USD / ton (1.57%), traded at 1,315 USD / ton.

At the same time, after the transactions increased in the previous day, the price of arabica coffee on ICE Futures US – New York (USA) decreased slightly. Accordingly, spot futures in March decreased slightly by 0.8 Cent (0.66%), traded to the mark of 120.3 Cent / lb; May delivery decreased slightly 0.8 Cent (0.65%), to 122.3 Cent / lb.

ICO said that in October 2020 and November 2020, the main coffee exporting countries shipped 20.2 million 60kg bags to other countries, up from 18.9 million bags in the same period. period one year earlier, according to Business Recorder. The main factor behind this increase is the soaring exports from Brazil, which recorded a record harvest in 2020. Brazilian Naturals shipments rose 23% to 8.3 million bags over the period.

Coffee markets are now under supply pressure after the International Coffee Organization (ICO) reported that global exports in the first two months of the new 2020/2021 season increased 6.5% compared to the season. to 20.2 million 60kg bags, up from 18.9 million bags in the same period a year earlier.

However, the price of Arabica coffee in New York ended a series of declines when it was announced by the National Coffee Federation of Colombia (FNC) that this year’s output will decrease by about 6% compared to the previous year.

Investors on the London exchange were cautious about the strong pressure to sell new provisions, which pushed the price of Robusta coffee to a low of 4 weeks as soon as Vietnam – the largest Robusta producer in the world almost had. The new crop is completed. The London stock exchange report also showed that it had risen to an 8-month high. Meanwhile, fears of demand decline as many countries have to re-introduce social distancing measures due to an outbreak of the SARS-CoV-2 virus.

During the first half of January 2021, India’s arabica coffee production is likely to decrease by 25-30% due to unseasonal rains affecting the growing areas, according to the  Deccan Herald.

In Karnataka state, heavy rainfall over the past few days has caused coffee trees in Kodagu, Chikkamagaluru, and Hassan districts to fall off massively, causing great damage to farmers.

Mr. S Appadurai, President of Karnataka Planters, said: “Such heavy rains rarely happen in January. Moreover, we are facing a serious shortage of labor so it is impossible to harvest coffee ”.

Coffee prices today 9/1/2021 in Vietnam

Domestic coffee prices today 8/1 in key growing areas continued to decline for the fourth consecutive session since the beginning of 2021,  fluctuating between 31,500 and 31,900 VND / kg.

TT of the bucket Average price Change
FOB (HCM) 1,391 Subtract:  +55
Coffee priceDak Lak 32,000 -300
Lam Dong 31,600 -300
Gia Lai 31,900 -300
Dak Nong 31,900 -300
pepper 52,500 0
Exchange rate USD / VND 23,010 0
Unit of measure: VND / kg FOB: USD ($) / ton

Specifically, the price of coffee purchased in Lam Dong at 31,500 VND / kg; in Dak Lak it is 31,800 – 31,900 VND / kg; in Dak Nong from 31,700 VND / kg – 31,800; in Gia Lai, the transaction price was about 31,700 VND / kg; in Kon Tum province it is 31,600 VND / kg.

Helena Magazine

TIN MỚI NHẤT

Coffee prices today 2/3/2021: Loss of momentum Robusta and Arabica both decreased

Coffee prices today 2/3/2021 continue the downward trend in the world market. In which, arabica coffee price recorded at 136.85...

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...
- Advertisement -

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...

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...
- Advertisement -

CÓ THỂ BẠN QUAN TÂMRELATED
ĐỀ XUẤT CHO BẠN