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Coffee Report

CTC | Coffee Market Report

By March 31, 2017April 26th, 2017No Comments
  • Prices on ICE traded on a relatively narrow range, while activity was mostly dominated by the switch, with 8.577 switches traded and 29.913 outrights lots.

  • ICE Arabica settled at 139,30 USDc/lb and Robusta at 2.136 USD/MT. During the month overall prices decreased 3,3 USDc, as participants await fundamental developments to give clear price direction.

  • Commodity markets were mixed in trade yesterday but with the influential oil markets further recovering, it assisted for the overall macro commodity index to take a daily near to steady track.

  • Physical coffee market is presently lacklustre and slow, with consumer industries acting sort of complacent. This is bringing little in terms of excitement to the derivatives market.

  • Weather reports from Brazil indicate that rain during the month of March over all the main coffee districts have been slightly below average for the month, thereby not affecting Arabica production.

  • Robusta production in Brazil is slowly improving but overall remains well below pre-drought levels and will remain so for at least another two crop cycles.

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Arabica Futures - 31 Mar - Source: Bloomberg

Arabica Futures – 31 Mar – Source: Bloomberg

Table 1 - ICE Robusta Futures - 31 Mar - Source: Bloomberg

Table 1 – ICE Robusta Futures – 31 Mar – Source: Bloomberg

Coffee Table - Various Prices - Source Bloomberg & ICE

Coffee Table – Various Prices – Source Bloomberg & ICE

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