Market Reports Blog / Market Reports / Weekly Market Report 20 to 24 August 2012

Weekly Market Report 20 to 24 August 2012

 

 

Futures Markets:

 

Arabica : It has been somewhat quiet, the NYC seemed to huddle around the low 160 for the majority, later falling below the benchmark for a quick dip. The end of the week saw the market rise to a week high of 162.80.

Robusta : London fully engaged a downward motion, falling by 47$/t by the end of the week, finishing the week on a minus. The main demand period is fast approaching as we head into autumn and the market prepares for a swing in consumption.

Currency : The dollar weakened as the U.S Federal Reserve decided to launch another round of monetary stimulus unless the economy improved considerably.

 

Futures and Currency close levels:

 

Monday

Tuesday

Wednesday

Thursday

Friday

NY Sep-12 c/lb

  161.20

160.65

158.95

160.15

162.60

Lon Sep-12 $/t

  2065

2072

2043

2006

2018

£/$

1.5713

1.5728

1.5770

1.5909

1.5858

 

 

 

 

 

 

Physical Markets:

 

Brazil : Similar news to other countries -  quiet. Reports that the rains are now gone, people are now trying to figure out the damage that may have occurred. Some are saying that 20% of total fine cups potential could have been jeopardised.

Colombia : Exports jumped 49.6% in July compared to a year earlier reaching 2.9 million bags for the month.

Tanzania : Prices fell during the lastest auction in Moshi as a result of higher supply than demand, although traders state that this is likely to change due to strong demand over the coming weeks.

Indonesia : Indonesia followed the trend of the rest of the market with acting quiet because of Muslim religious festivals -  the market is expected to pick up the following week.

Vietnam: Coffee exporters are reluctant to offer fresh beans for loading because they are wary about fluctuating prices, while there is thin domestic stocks and slack demand have prevented trade from picking up.

 

Other: On the eve of the Paralympics, London is forecasted to see a large influx of people – giving the city a buzz that was noticeable during the Olympics.

 

Otherwise apologises for the lack of information, the coffee market is experiencing its usual summer lull.