Weekly world coffee market report
A strange week consisting of two distinct halves. New York was closed on Monday but rose strongly on Tuesday and Wednesday, gaining almost 8 cents/lb however it was unable to maintain the upward momentum and lost most of the gains it had made on Thursday and Friday as the funds and speculators cashed in their …
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 …
It looked as though it would be another really good week for the arabica market with prices jumping up over 11.00 cents/lb on Tuesday in response to a report by Volcafe that the upcoming crop in Brazil will be significantly smaller than originally predicted. But profit taking by speculators over the second half of the …
Although it was clear last week that coffee prices on both markets would appreciate a bit this week, the size of the jump especially in the arabica market was certainly larger than anticipated. It is difficult to pinpoint what sparked the buying spree, but firmer South American currencies have been cited as one reason, but …
Overall it was a relatively quiet week with both markets waiting for further developments before deciding where to go next. Arabica coffee prices made a small jump upwards on Wednesday in response to suggestions that the upcoming crop in Brazil may not be as large as some analysts are anticipating, but apart from that daily …
It was a brutal start to the week with arabica coffee prices plunging almost 15 cent/lb by Wednesday but a strong bounce on Thursday and Friday cut the losses to just 5.95 cents/lb. At the end of the week the second position closed at 152.55 cents/lb. Robusta prices on the other hand, initially followed arabica …
Continuing beneficial rains in Brazil together with a stronger Brazilian Real helped to force arabica prices sharply down this week. Over the four days of trading arabica coffee prices lost 8.45 cents/lb with the second position closing the week at 158.50 cents/lb. Robusta prices on the other hand took a completely different path ending the …
HAPPY NEW YEAR!! As expected, both markets were fairly volatile this week. Trading volumes, although slightly lighter than normal, were better than anticipated. Even so prices oscillated day to day mainly reflecting fluctuations in the value of the Brazilian Real as well as year-end book squaring by the Funds. Over the week arabica coffee prices …
Arabica coffee prices had a much better week than expected although the situation remains fragile. There remains a degree of wariness about next year’s figures which is adding more support than has been evident of late. Over the week arabica coffee prices gained 7.00 cents/lb with the second position closing at 171.60 cents/lb. Robusta prices …
