Despite significant volatility, it was another good week for the arabica market as more reports are published which suggest that last year’s Brazilian crop was smaller than had been estimated and that next year’s crop, although larger than this year’s, will also be well below its full potential. However, the increase was probably tempered by …
The week started off on a positive note with arabica coffee prices rising by over 4 cents/lb by close of business on Tuesday. However it is obvious that doubts set in and prices then lost most of that over the next 2 days but ended the week climbing, albeit marginally, once again. Arabica coffee prices …
The forecasters got it wrong and there was indeed a heavy frost over a much greater area of Brazil than had been foreseen. Estimates suggest that as much as 5 million bags might have been lost from next year’s crop. Consequently, both markets leapt significantly upwards with arabica coffee prices gaining 30.60 cents/lb to reach …
The threat of cold weather hitting many coffee growing areas in Brazil over the next 3 days forced coffee prices sharply up this week. As a result, arabica coffee prices gained 9.85 cents/lb over the week while robusta coffee prices gained just $23 (1.05 cents/lb) reflecting the fact that supplies of robusta are unlikely to …
As suggested last week, arabica coffee prices did continue the downfall trend seen the week before, with speculators exiting the market once all threats of a frost had been eliminated. There was however, again as suggested, some resistance to lower prices and prices did recover on Wednesday and Thursday but not enough to recover all …
Forecasts of a cold front moving into Parana next Wednesday forced process sharply up on Friday but the threat of a frost in coffee growing areas remains relatively low. Prices were also helped by a strengthening Brazilian Real which discouraged many Brazilian growers from selling. Arabica coffee prices gained 5.85 cents/lb over the week while …
A strange week in which the lack of any positive fundamental news combined with a stronger US dollar pushed prices down. There was a bit of a rally on Wednesday, but it lacked conviction and above all momentum, especially as other commodity and equity markets were also subject to the same malaise. Over the week …
It was perhaps inevitable that after the tremendous jump in prices seen over the last few weeks that both markets would pause to take stock. Initially profit taking forced prices down on both markets but both markets rebounded on Friday to recover most of what had been lost. Indeed, robusta coffee prices finished higher. Over …
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