Futures Markets:
Arabica : NY moves to 2 year lows as the price of coffee falls again! Caused in part by a nearby over supply and world speculators with eyes firmly fixed on other, more demanding and immediately more pressing world markets.
Robusta : Still ploughing its own furrow and trading at very strong levels against the Arabica/Robusta arbitrage.
Currency : Sterling improves against the Dollar as we are near the crest of what seems to be, a trending wave of
1.53 to 1.57.
Futures and Currency close levels:
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
NY Jul-12 c/lb |
155.10 |
154.20 |
152.50 |
149.20 |
150.05 |
Lon Jul-12 $/t |
2062 |
2062 |
2090 |
2093 |
2095 |
£/$ |
1.555 |
1.560 |
1.564 |
1.565 |
1.564 |
Physical Markets:
Brazil : Europe's cash coffee market saw strong demand for Brazilian beans this week as a major multinational food company stepped in to purchase them and required sustainability certificates as well.
Mexico : Coffee exports from Mexico fell 1.1 percent in May compared to the same month a year earlier, reaching 376,013 60-kg bags in the month.
Nicaragua : Coffee exports from Nicaragua dropped 3.3 percent in May compared to the same month a year earlier, reaching 196,366 60-kg bags in the month.
El Salvador : Coffee exports from El Salvador fell 46.3 percent in May compared to the same month a year earlier, reaching 118,458 60-kg bags in the month
Kenya : The top price of Kenya's benchmark coffee grade AA fell to $305 per 50 kg bag at this
week's sale from $329 at the previous auction.
India: Coffee prices in India rose at this week's auction on strong demand from exporters, Especially quality Parchment Robusta’s.
Indonesia : Robusta exporters are increasing month on month as traders look for a cheaper option than Vietnam.