Robusta Prices Rise To The Highest Levels Of 2 Months Through Tough Supplies

05/02/2018

Robusta coffee futures on the London Metal Exchange rose to a two-week high of $ 2125, amid a tight supply situation until the end of the year.

According to brokers from the London Stock Exchange: "The coffee market supported by tight supply projections before the Vietnamese harvest has made contract prices far lower than in the near term. As soon as the spot September contract fell to the highest level at $ 2125, higher than the November contract.

Many brokers are examining the situation of long-distance supply from August to the end of the year and they have had to change their response to the current market structure, as prices could rise further from the current zone. .

The robustness of the Robusta market, while the price of Arabica coffee fell, pushed the price gap between the two markets to 23.00 cents, compared to the previous month from 50.00 to 60.00 cents. "

Another broker on the New York market said: The Arabica coffee price difference is now cheaper, so it also attracts many participating buyers.

In the other commodity markets, cocoa bean prices, cotton prices pushed lower as a result of selling pressure. As soon as raw sugar prices are expected to rise following crude oil prices.

Tincaphe.com