Coffee prices today December 9: The world continues to have mixed movements, Brexit and Covid-19 are pushing Robusta to the bottom
Coffee prices in the World
Robusta coffee prices transactions in London
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 01/21 | 1326 | -2 | -0.15% | 3020 | 1336 | 1317 | 1328 | 31444 |
| 03/21 | 1345 | -5 | -0.37% | 6085 | 1359 | 1338 | 1350 | 39817 |
| 05/21 | 1356 | -5 | -0.37% | 1565 | 1368 | 1349 | 1360 | 17044 |
| 07/21 | 1373 | -5 | -0.36% | 403 | 1382 | 1366 | 1378 | 15963 |
Unit: USD ($) / Ton  | Trading unit: lot = 10 tons |
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Meanwhile, at the end of this morning session (Hanoi time), Robusta coffee price in London delivered in January 2021 decreased by 2 USD / ton (0.15%), trading at 1,326 USD /ton, 3/2021 decreased by 5 USD (0.37%) at 1,345 USD /ton. Meanwhile, on the exchange of New York in the US, Arabica coffee prices delivered in December 2020 increased 0.15 cents / lb (0.13%) at 117.1 cents / lb, delivered in March 2021 increased 0, 15 cents / lb (0.13%) to 119.25 cents / lb. This is the 2nd consecutive reversal session this week of the world coffee market.
Arabica coffee prices traded in New York
| Period | Price |
Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 12/20 | 117.1 | +0.15 | +0.13% | 11 | 117.1 | 117.1 | 0 | 142 |
| 03/21 | 119.25 | +0.15 | +0.13% | 14291 | 120.35 | 118.35 | 119.25 | 115364 |
| 05/21 | 120.95 | +0.15 | +0.12% | 5886 | 122 | 120.1 | 120.9 | 44078 |
| 07/21 | 122.45 | +0.05 | +0.04% | 5473 | 123.5 | 121.65 | 122.85 | 35559 |
| Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
According to members of the Coffee Growers Forum, US stocks fell on optimism that the Covid-19 preventative vaccine will be used as soon as this month, and drought in the main Arabica-producing states of Brazil has supported coffee prices in New York. While Brexit negotiations remain deadlocked with many EU countries able to implement social gap measures until next spring, putting London Robusta coffee prices at a disadvantage due to concerns about coffee consumption. decline.
Meanwhile, the pressure to sell hedge for new crops from the leading producer remains intact, and the new crop is being strengthened with many production forecasts in the range of 27-28 million bags.
Coffee prices in Viet Nam
| TT of the bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,381 | Subtract: +55 | |||
| Dak Lak |
31,700 | -100 | |||
| Lam Dong | 31,200 | -100 | |||
| Gia Lai | 31,600 | -100 | |||
| Dak Nong | 31,600 | -100 | |||
| pepper | 56,500 | 0 | |||
| Exchange rate USD / VND | 23,040 | 0 | |||
| Unit of measure: VND / kg | FOB: USD ($) / ton | |||||
In Cu M’gar district (Dak Lak), the price of coffee today is 31,800 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today’s coffee price is purchased at the same level of 31,800 VND / kg. / kg at Gia Nghia and 31,500 in Dak R’lap.In Gia Lai province, today’s coffee price is 31,700 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 31,600 VND / kg. Today, coffee prices in Kon Tum province are purchased at 31,500 VND / kg. Thus, the price of coffee in the country today is mostly unchanged in the key growing areas, fluctuating insignificantly in the localities.
In the country, as recorded in Dak Ha district, Kon Tum province, after heavy rainy days, the weather turned to dry season, people entered the harvest. However, this year coffee growers are not happy because the labor cost increases, coffee crops fail, and prices fall.Many local garden owners are “red eyes” looking for workers. “Clearly miserable! For a few days now, my husband and I shared a “hunt” for coffee pickers but still could not find it. Coffee is all dry on the field. As it turns out, she never knew when to pick up coffee. It has never been so difficult to find coffee picking workers this year! ” – Reporter of Kon Tum newspaper quoted a coffee owner “hunting” coffee pickers.Find out more carefully that this year, due to the effects of storms and storms, workers in many rural areas, damaged by storms and storms, had to remodel their houses, fields and gardens, not picking coffee as much as usual. Moreover, in the delta provinces, at the end of the year, production enterprises need a lot of labor, so they have jobs. They do not come to the Central Highlands to pick coffee as much as in previous years.Many coffee garden owners in Dak Ha district go to the suburban communes in Kon Tum city such as Dak Ro Wa commune, Vinh Quang (Kon Tum city) “hunt” for workers to pick coffee, but also “give up”.
Helena Magazine
>>>Coffee prices today December 8, 2020, Robusta coffee price decreased 9 USD / ton (0.67%)
