Coffee and cocoa prices make impressive breakthroughs amid overall global market decline

게시됨 2024년 11월 18일

Tridge 요약

The MXV-Index fell 1.23% to 2,150 points, with selling pressure affecting various commodity groups, except for coffee and cocoa which saw unusual price increases. Arabica coffee prices surged nearly 12% to over $6,200/ton, setting a new peak in over 13 years, due to speculators shifting money from safe haven markets and concerns about Brazil's coffee crop. Cocoa prices also increased by nearly 22% to over USD8,500/ton, driven by concerns about supply capacity in Ivory Coast. In contrast, prices of other agricultural commodities, excluding rough rice, decreased significantly.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

At the end of the week, the MXV-Index fell 1.23% to 2,150 points. Selling pressure spread to many commodity groups, from energy with crude oil plummeting, to metals and agricultural products, prices all fell sharply. In the context of red dominating the entire market, coffee and cocoa were unusual and rare bright spots with impressive increases, in which Arabica coffee set a new peak in more than 13 years, cocoa had the second strongest week of increase in 44 years. Coffee and cocoa prices unexpectedly increased In the past trading week, red dominated the price list of industrial raw material commodities. In particular, coffee and cocoa attracted special attention with a sudden increase. In the coffee market, Arabica prices jumped nearly 12% to over $6,200/ton, the strongest weekly increase in nearly 8 months, and set a new peak in more than 13 years. Robusta coffee prices also increased by more than 9% to nearly $4,800/ton, the second consecutive week of increase, reaching the ...

출처: Baochinhphu