Coffee prices today, March 5, 2021, continued to decline slightly according to the price of two derivative coffee floors. Prices of virtual currencies and stocks increased in the last session, pulling the cash flow away from agricultural markets, including coffee.
Coffee prices today March 5, 2021 in Vietnam
| TT of the bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,461 | Subtract: +55 | |||
 Dak Lak |
32,500 | -100 | |||
| Lam Dong | 31,900 | -100 | |||
| Gia Lai | 32,400 | -100 | |||
| Dak Nong | 32,400 | -100 | |||
| pepper | 56,500 | 0 | |||
| Exchange rate USD / VND | 22,930 | 0 | |||
| Unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee prices transactions in London
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 03/21 | 1385 | -20 | -1.42 % | 2 | 1385 | 1385 | 1385 | 20 |
| 05/21 | 1406 | -20 | -1.40 % | 13557 | 1430 | 1396 | 1421 | 60362 |
| 07/21 | 1427 | -19 | -1.31 % | 5864 | 1449 | 1417 | 1441 | 25358 |
| 09/21 | 1442 | -17 | -1.17 % | 1987 | 1461 | 1433 | 1451 | 12328 |
| Unit: USD ($) / 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 | 128.4 | -2.75 | -2.10 % | 2 | 128.4 | 128.25 | 128.25 | 140 |
| 05/21 | 132.15 | -0.65 | -0.49 % | 19182 | 133.9 | 130.5 | 133.8 | 111873 |
| 07/21 | 134.05 | -0.7 | -0.52 % | 5867 | 135.8 | 132.45 | 135.4 | 45656 |
| 09/21 | 135.85 | -0.65 | -0.48 % | 6317 | 137.5 | 134.25 | 137.25 | 44856 |
| 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 by 20 USD / ton (1.42%), traded at 1,385 USD / ton, delivered in May 2021 decreased by 20 USD / ton ( 1.40%) at $ 1,406 / ton. At the floor of New York in the US, Arabica coffee prices delivered in March 2021 decreased 2.75 cents / lb (2.1%) at 128.7 cents / lb, delivered in May 2021 decreased 0.65 (0, 49%) cent / lb at 132.15 cents / lb.
Coffee prices on both exchanges declined as USDX continued to strengthen, detrimental to emerging currencies, and more expensive commodity prices caused most investors to hesitate to buy, further reducing prices.
Prices of virtual currencies and stocks increased in the last session, pulling the cash flow away from agricultural markets, including coffee.
However, according to Rabobank, the average price of Arabica coffee reference term this year will not exceed 1.3 USD/lb, but assumes that factors of speculation, increased transportation costs, and demand Increased stock demand will likely change the accuracy of this forecast.
Reuters also forecasted Arabica coffee prices by the end of 2021 will be nearly 8% higher than at the beginning of the year, due to the market shift from shortage to surplus. Accordingly, the price of Arabica coffee at the end of 2021 will be at USD 1.35 / lb, up 7.7% compared to the beginning of February 2021 and 5.3% compared to the end of 2020.
For Robusta coffee, Reuters also forecasts the end of 2021, the price will be at $ 1,475 / ton, 10.4% higher than at the beginning of February 2021 and 6.4% higher than at the end of 2020. According to the global Robusta, market balance will balance next season, after having a surplus of 950,000 bags in the current season.
On Wednesday (March 3), the International Coffee Organization (ICO) said that global coffee exports in January 2021 decreased 3.4% year-on-year, Business Recorder reported.
However, the general export value in the first four months of the crop year 2020-2021, ie from October 2020 to January 2021, reached 41.9 million bags, up 3.7% compared to the figure of 40.9 million. in the same period in the previous crop.
The reason is that the export volume from Brazil, the world’s leading coffee producer, increased by 21.9%. Meanwhile, exports from most other regions have declined.
Specifically, African exports decreased by 13%; exports of Asia and Oceania decreased by 3.9%; exports from Mexico and Central America fell 17.5% as the region was hit hard by hurricanes Eta and Iota.
Helena Magazine
