Coffee prices continue to recover

The trade in coffee in Vietnam’s domestic market is currently insignificant because the supply of goods in the hands of farmers is almost depleted, sometimes there is only a small amount of goods traded between traders and the difference is quite high. with futures prices in London . 

At the end of the session, Robusta coffee prices on  ICE Europe – London increased for the third consecutive session. September futures increased by 15 USD, to 1,324 USD / ton and November delivery increased by 16 USD, to 1,354 USD / ton, the rates increased significantly. The trading volume is quite high above the average.

 In contrast, Arabica coffee prices  on ICE US – New York floor   increased. September futures rose 0.1 cents to 94.55 cents / lb and December delivery futures also increased 0.1 cents to 98 cents / lb, the gains were slight. Trading volume above average.

The price of coffee beans  in the Central Highlands provinces increased by VND 300, fluctuating in the frame of VND 32,600 – VND 33,500 / kg.

The price of Robusta coffee for  export of type 2, 5% black and broken, stood at 1,439 USD / ton, FOB – HCM, with the difference plus 70 – 85 USD at November futures price in  London .

Reais rose 1.19% to 1 USD = 3.9900 Reais and USD increased slightly, partly supporting coffee prices and some other agricultural products. However, concerns about the global decline and the trade war continue to put pressure on commodity prices in general, making investors still very cautious when moving capital to seek profit. Gold continued to rise hot, stocks reversed to rise after previous “flaming” sessions .

However, the focus on the two futures coffee futures in the world at the moment is liquidation, position adjustment and month transfer when the expiry date of the option contract for the September term is close.

Meanwhile, the latest Report of Traders (CFTC) from the Robusta coffee market in Londonshowed that as of Tuesday, August 6, non-commercial speculators increased their net selling position. Short-term added 19.66% compared to the previous trading week, registered net selling at a new record of 43,814 lots, equivalent to 7,302,333 bags and is likely to change insignificantly after the mixed trading period. since then the next. 

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