World: Coffee market on October 4, continued to be affected by news of the EU suspending anti-deforestation regulations

게시됨 2024년 10월 4일

Tridge 요약

The global market has seen a decrease in the future prices of both robusta and arabica coffee for November 2024 and December 2024 respectively, with robusta falling 3.7% to $ 4,921 / ton and arabica decreasing by 1.7% to 252.05 US cents / lb. This decrease is attributed to the anticipation of Vietnam's harvest and pressure from high production and export prospects in major coffee producing countries like Brazil, Honduras, and Uganda. However, container shortages and port congestion in countries like Uganda, Rwanda, Kenya, Djibouti, and Ethiopia are providing some support to coffee prices. The European Commission's proposed delay of the anti-deforestation law and the forecasted rain in Brazil are additional key developments in the coffee market.

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원본 콘텐츠

In the global market, the price of robusta for November 2024 on the London exchange fell 3.7% to $ 4,921 / ton, as the market waited for the harvest in the top robusta producer Vietnam to accelerate. The contract lost 11% in the last three sessions. The price of arabica for December 2024 on the New York exchange fell 4.45 cents, equivalent to 1.7%, to 252.05 US cents / lb. The contract lost nearly 7% in the last three sessions. Highlights: - The European Commission has proposed a one-year delay of the anti-deforestation law, due to pressure from several countries, including Germany and Brazil, and from businesses importing coffee to Europe. - Forecasts of necessary rain in Brazil in the next few days could ease concerns about the flowering of next year's crop after a long dry period. Weather forecaster Maxar said light rains are expected in Parana and along the coast from Thursday through the weekend, while the outlook for the next 6-10 days calls for light to moderate rains. ...

출처: Vinanet