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Update Coffee Market Price Today on April 25th, 2023
UPDATE COFFEE MARKET PRICE TODAY on April 18th, 2023Ending the first trading session of the week, the price of Robusta coffee in London delivered in July 2023 increased by 62 USD/ton at 2,444 USD/ton, delivered in September 2023 increased by 62 USD/ton at 2,413 USD/ton.
Meanwhile on the New York Stock Exchange, the price of Arabica coffee delivered in July 2023 increased by 2 cents/lb, at 193.45 cents/lb, delivered in September 2023 increased by 2.05 cents/lb, at 190.65 cents/lb.
In the first session of the week, the price of Robusta coffee increased sharply, leading to the recovery of the Arabica floor. The pressure of short of spot goods on the first announcement day (FND) on the London floor has pushed the price uptrend. Sometimes on this floor, Robusta increased by more than 100 USD/ton.
Last week, the London market had 4 gaining sessions and 1 falling session. The price of Robusta coffee for delivery in May increased by all 54 USD, and for July delivery increased by 38 USD, very significant increases.
The London stock exchange report remains fluctuating at a 3.5-month low, fueling speculation that continues to push prices higher for spot sales.
Besides, the cooling dollar also helped commodity markets, including coffee to increase. On the morning of April 25, on the US market, the US Dollar Index (DXY) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.50. %, down to 101.32.
The dollar fell to its lowest level in more than a week, as investors continued to price the US Federal Reserve (Fed) to cut interest rates this year, after raising rates at its key meeting. book next week.
According to expert, it is not excluded that the main investment funds use the 2 coffee floors as a haven for capital against the current volatile gold and USD situation. Last week, gold and crude oil also had time to plunge.
-------------CONTACT INFORMATION:Adress:Head office: No. 59, Tran Thi Nghi Street, Ward 7, Go Vap District, Ho Chi Minh City, Vietnam.Factory 1: No. 132/6, TL 29 Street, Thanh Loc ward, District 12, Ho Chi Minh City, VietnamFactory 2: No. 60-62, To Vinh Vien Street, Bao Loc City, Lam Dong Province, Vietnam.Phone/Whatsapp/Wechat/Line/Viber: +84 932 680 925Email: sales1@vietthien.com
Ending the first trading session of the week, the price of Robusta coffee in London delivered in July 2023 increased by 62 USD/ton at 2,444 USD/ton, delivered in September 2023 increased by 62 USD/ton at 2,413 USD/ton.
Meanwhile on the New York Stock Exchange, the price of Arabica coffee delivered in July 2023 increased by 2 cents/lb, at 193.45 cents/lb, delivered in September 2023 increased by 2.05 cents/lb, at 190.65 cents/lb.
In the first session of the week, the price of Robusta coffee increased sharply, leading to the recovery of the Arabica floor. The pressure of short of spot goods on the first announcement day (FND) on the London floor has pushed the price uptrend. Sometimes on this floor, Robusta increased by more than 100 USD/ton.
Last week, the London market had 4 gaining sessions and 1 falling session. The price of Robusta coffee for delivery in May increased by all 54 USD, and for July delivery increased by 38 USD, very significant increases.
The London stock exchange report remains fluctuating at a 3.5-month low, fueling speculation that continues to push prices higher for spot sales.
Besides, the cooling dollar also helped commodity markets, including coffee to increase. On the morning of April 25, on the US market, the US Dollar Index (DXY) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.50. %, down to 101.32.
The dollar fell to its lowest level in more than a week, as investors continued to price the US Federal Reserve (Fed) to cut interest rates this year, after raising rates at its key meeting. book next week.
According to expert, it is not excluded that the main investment funds use the 2 coffee floors as a haven for capital against the current volatile gold and USD situation. Last week, gold and crude oil also had time to plunge.
-------------
CONTACT INFORMATION:
Adress:
Head office: No. 59, Tran Thi Nghi Street, Ward 7, Go Vap District, Ho Chi Minh City, Vietnam.
Factory 1: No. 132/6, TL 29 Street, Thanh Loc ward, District 12, Ho Chi Minh City, Vietnam
Factory 2: No. 60-62, To Vinh Vien Street, Bao Loc City, Lam Dong Province, Vietnam.
Phone/Whatsapp/Wechat/Line/Viber: +84 932 680 925
Email: sales1@vietthien.com
