After many sessions of strong increase yesterday, coffee prices today on 3/2/2021 on two derivatives turned down.
Robusta coffee prices transactions in London
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 03/21 | 1299 | -21 | -1.59% | 6841 | 1320 | 1296 | 1320 | 41438 |
| 05/21 | 1318 | -18 | -1.35% | 6962 | 1336 | 1316 | 1332 | 35453 |
| 07/21 | 1332 | -15 | -1.11% | 1623 | 1347 | 1330 | 1346 | 20576 |
| 09/21 | 1347 | -13 | -0.96% | 443 | 1361 | 1346 | 1360 | 10444 |
Unit: USD ($) / Ton  | Trading unit: lot = 10 tons |
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Arabica coffee prices traded in New York
| Period | Price |
Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 03/21 | 123.4 | -1.95 | -1.56% | 18519 | 126.1 | 122.7 | 125.45 | 87922 |
| 05/21 | 125.55 | -1.85 | -1.45% | 11827 | 128.1 | 124.8 | 127.5 | 61733 |
| 07/21 | 127.5 | -1.75 | -1.35% | 4621 | 129.75 | 126.8 | 129.35 | 38440 |
| 09/21 | 129.35 | -1.7 | -1.30% | 2891 | 131.65 | 128.65 | 131 | 38776 |
| Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
Ending the session this morning, the price of Robusta coffee in London delivered in March 2021 decreased $ 21 / ton (1.59%), traded at $ 1,299 / ton, delivered in May 2021 fell $ 18 / ton. (1.35%), trading at 1,318 USD / ton. At the exchange of New York in the US, Arabica coffee prices delivered in March 2021 decreased 1.95 cents/lb (1.56%) at 123.4 cents/lb, delivered in May 2021 decreased by 1.85 cents/lb. (1.45%) at 125.55 cents/lb.
In the latest trading session (2/2/2021) is the closing date of the business position. February is also the month for liquidation of the March contract on both exchanges. The first delivery announcement date for the term 3/2021 on New York Stock Exchange is February 18, 2021 and on London exchange is February 23, 2021. Therefore, speculators have actively released goods, causing Robusta prices in March 2021 to fall below USD 1,300 / ton. According to observers, this is a very important milestone.
Coffee prices today 3/2/2021 in Vietnam
| TT of the bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,373 | Subtract: +55 | |||
| Dak Lak |
31,300 | -400 | |||
| Lam Dong | 30,900 | -400 | |||
| Gia Lai | 31,200 | -400 | |||
| Dak Nong | 31,200 | -400 | |||
| pepper | 51,000 | 0 | |||
| Exchange rate USD / VND | 22,930 | -25 | |||
| Unit of measure: VND / kg | FOB: USD ($) / ton | |||||
In Di Linh district, Lam Ha, Bao Loc (Lam Dong) Coffee price today 3/2/2021 was purchased at 30,800 VND / kg.
In Cu M’gar district (Dak Lak), coffee prices today are at 31,300 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today coffee prices are purchased at the same level of 31,200 VND / kg.
Similarly in Dak Nong province, coffee prices today purchased at 31,100 VND / kg in Gia Nghia and 31,000 VND / kg in Dak R’lap.
In Gia Lai province, today’s coffee price is 31,100 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 31,200 VND / kg. Today, coffee prices in Kon Tum province are purchased at 31,000 VND / kg. This morning, coffee prices in key growing areas decreased by 500 VND / kg.
The Import and Export Department forecasts that coffee prices will continue to recover in the near future. Investors tend to divert capital flows to return to the commodity market. This will have a positive impact on the global coffee market in the coming time.
In the world market, in the middle 10 days of January, global coffee prices fluctuated in an uptrend due to concerns about scarce supply.
Brazil’s real currency increases coffee growers to limit sales, while Brazil’s coffee output forecast in 2021 will decrease due to drought and decrease in a cycle of “two years every year”.
According to forecasts, the La Nina weather phenomenon in the Pacific is likely to last until March 2021, affecting coffee growing areas in Southeast Brazil and in West Africa.
The Import and Export Department forecasts that coffee prices will continue to recover in the near future. Investors tend to divert capital flows to return to the commodity market. This will have a positive impact on the global coffee market in the coming time.
Regarding the domestic market, the prolonged low price coupled with the news of the outbreak of Covid-19 again caused shopping for the New Year to drop sharply because people need real savings in the current context. This makes the seller not push new goods out, but hoard and wait for good prices.
>>>Coffee prices today 25/1/2021: Robusta has many positive opportunities
Helena Magazine
