Weekly Market Report – 08th December 2024
As anticipated, a large downward correction took place on both markets on Monday with coffee prices seeing record one-day falls. But again, as anticipated, prices then recovered throughout the week. However, what was not anticipated was the strength of that recovery especially on the arabica market in New York which saw arabica coffee prices soar […]
Read more ..Weekly Market Report – 01st December 2024
As anticipated coffee prices continued to surge upwards throughout the week, only pausing on Friday for a minor correction downwards. Indeed, it was an incredible week which saw both markets rally to a 47 year high on heightened concern about the tight supply/demand balance for next year, given predicted huge crop shortfalls in both Brazil […]
Read more ..Weekly Market Report – 17th November 2024
An incredible week which saw both markets rally strongly on heightened concern about the size of next year’s crop in Brazil. Both markets made substantial gains every day of the week with the arabica market ending the week 32.50 cents higher than at the start, with the second position closing at 285.60 cents/lb. Robusta prices […]
Read more ..Weekly Market Report – 10th November 2024
A somewhat volatile period since my last report three weeks ago and although prices appeared to be trending slowly lower, a sudden hike last Thursday on concerns about lower-than-average rainfall in Brazil changed the immediate price landscape although an abrupt correction on Friday saw over half of those gains lost. Nevertheless, arabica coffee prices have […]
Read more ..Weekly Market Report – 20th October 2024
A bit of a roller-coaster ride this week with both markets bouncing strongly higher on Monday only to give half of the gains back on Tuesday. Prices meander a bit over the next three days, but arabica coffee prices managed to finish the week gaining 5.25 cents/lb, with the second position (March 25) closing at […]
Read more ..Weekly Market Report – 13th October 2024
Prices fell by over 12 cents/lb on Monday on news that heavy rainfall is expected in some area of Brazil over the next 10 days. However, the fact that this might lead to flooding in some areas plus the realisation that future supplies still look as though they will remain extremely tight halted the downward […]
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