You are reading Coffee price on 12/05/2022: suddenly skyrocketed
Post was last updated at 2022-05-12.
Rate this post What caused the price of coffee on both futures exchanges to suddenly spike in a rare way? Robusta chart London July 2022 session on 11/05/2022 At the end of the session, the price of…
What caused the price of coffee on both futures exchanges to suddenly spike in a rare way?
Robusta chart London July 2022 session on 11/05/2022
At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to increase. Futures for spot delivery in July increased by 69 USD, to 2,078 USD/ton and for September delivery increased by 67 USD, to 2,080 USD/ton, strong increases. Trading volume very below average.
Similarly, the price of Arabica coffee on the ICE US floor – New York also reversed to increase. July spot futures rose 16.10 cents to 219.90 cents/lb and September futures rose 16 cents to 219.80 cents/lb, extremely strong gains. Trading volume very high above average.
The price of green coffee beans in the Central Highlands provinces increased from 1,200 to 1,300 VND, to range from 40,300 to 40,900 VND/kg.
What caused the price of coffee on the two futures exchanges to suddenly skyrocket in a rare way?
USDX’s rally stalled as it was reported that the US Consumer Price Index (CPI) rose 0.3% in April, but still below the 1.2% gain in March. US stocks also fell. The point when the market received positive information from China said that the government will soon ease the blockade of Shanghai because the epidemic has somewhat eased. Speculative capital flight caused digital currency exchanges to plunge…
It is expected that the Fed will continue to vigorously raise the basic interest rate to prevent excessive inflation. But it was only when the massive speculative capital inflow raised the yield on US Treasuries to sky-high levels, due to concerns about the positive “asset recovery” will increase the risk, will make the Fed slack. This makes the market raise the possibility of adjusting interest rates at a slower and less harsh pace.
It seems that the price of coffee futures dropped sharply because the market chose the wrong direction (!), while National Oceanic and Atmospheric Administration The National Oceanic and Atmospheric Administration (NOAA) of the US forecasts that from May 16, coffee regions in southern Brazil may be affected by frosts lasting for a few days, which has contributed to boosting coffee production. “speculative bull” back to increase buying.
According to Giacaphe.comAlthough there is a prolonged cold in central and southern Brazil, the possibility of frost in coffee growing areas is very low, especially the Brazilian winter which occurs in the three months of June, July and August. Therefore. This cold weather news is just an opportunity for speculation to reap profits in the short term.
Robusta chart London T5/2022 session on March 23, 2022. At the end of the session, the price of Robusta coffee on ICE Europe – London continued to decline. The spot term in May decreased by 31 USD to 2,139 USD/ton and the term for delivery in July decreased by 26 USD to 2,116 USD/ton, the reductions were quite strong. Trading volume on average.
Giatieu.com continues to introduce a series of articles sharing the experience of growing and caring for pepper by Trinh Van Ba, an experienced pepper farmer in Ea K’Nop town, Ea Kar district, Dak Lak. The article concludes after many years of observation, learns the causes of pepper loss, fruit drop and shares some effective prevention ...
At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to decrease. Futures for spot delivery in July decreased by 20 USD to 2,058 USD/ton and for September delivery decreased by 19 USD to 2,061 USD/ton, significant reductions.
At the end of the session, the price of Robusta coffee on the ICE Europe – London floor extended the falling chain to the fourth session. Futures for spot delivery in July decreased by 11 USD, to 2,009 USD/ton and for September delivery decreased by 7 USD, to 2,013 USD/ton, slight decreases.
Robusta chart London May 2022 session on April 13, 2022 At the end of the session, the price of Robusta coffee on ICE Europe – London continued to decline. Spot futures in May decreased by 7 USD, to 2,091 USD/ton and the term for July delivery decreased by 6 USD to 2,105 USD/ton, slight decreases. Trading volume on average.
Pepper price today (May 15) fluctuates between 73,500 – 76,500 VND/kg. In the past 6 days, the pepper market tended to go down. Provinces and cities recorded a decrease …