WEEKLY REPORT ADDED
Coffee Weekly Insights – W1 November 2023
Thumbnail Weekly Newsletter

At a glance

*Disclaimer: Here’s a glimpse of our past report. Stay informed with the latest updates by subscribing to our mailing list for the most current information.

“The COT report has not been released for 3 weeks which seriously limits market transparency. However, the reduction in OI suggests that funds may have been covering their short positions during this period. Regarding the global coffee balance sheet, we would like to remind you that there is a consensus among traders that 22/23 will still be a deficit whilst 23/24 should show an excess”.

When it comes to Robusta coffee, it is important to note that the supply chain remains tight, and Robusta differentials are still quite high. While only Vietnamese FOB differentials currently still offer relatively affordable prices, this situation could change quickly. As demonstrated last week, FOB differentials remained steady despite an increase in Robusta prices, indicating that further price hikes could be on the horizon. However, London is not going to skyrocket despite the tight supply simply because the market is absorbing the Vietnamese crop. Indeed farmers are rather happy with a price approaching 50,000 VND.

With regards to differentials, Arabica-certified stocks, particularly those from Brazil, appear to be very attractive and buyers may be willing to stop them soon. Broadly speaking, it appears that there are few viable alternatives for the coffee industry at present, and Brazil’s coffee exports are still highly sought after despite their historically high prices. This strong demand for Brazilian coffee may help to explain the sustained strength of the New York (NY) market.

Download The Full Report

Download Full Report

Hidden
Stay informed with the latest updates by subscribing to our mailing list for the most current information.
Your option
This field is for validation purposes and should be left unchanged.

Other Reports

Weeklyreport W2nov
Weekly Reports

Coffee Weekly Insights – W2 November 2024

The new harvest is progressing well, with only brief delays expected in Vietnam’s coffee-growing regions over the next 10 days. Minimal rainfall (10 mm) is forecasted in coffee areas for the next two weeks, setting favorable conditions for harvesting. With farmer target prices at 100,000 VND/kg, we anticipate steady crop flow from farmers to shippers within the month.
View Details
Weeklyreport W2nov
Weekly Reports

Coffee Weekly Insights – W1 November 2024

Vietnam’s coffee exports in October 2024, particularly of green Robusta beans, reached multi-year lows due to a mix of contributing factors. First, record-low carry-over stocks significantly reduced available export volume. Second, the 2024/25 harvest has been delayed, slowing the flow of new crop coffee to market.
View Details
Weeklyreport Cover
Weekly Reports

Coffee Weekly Insights – W4 October 2024

Starting in November, rates are likely to increase further with the General Rate Increase (GRI) rollout. With limited cargo space, carriers will reintroduce premium services on November 1, at $2,000 per container, which guarantees space along with priority Estimated Time of Departure (ETD) or specific transit time options.
View Details
Thumbnail Weekly Newsletter
Weekly Reports

Coffee Weekly Insights – W2 September 2024

Most farmers sold out their stocks by the end of July and August at prices ranging from 124,000 to 128,000 VND/kg. Forward sales by farmers are significantly lower this year, estimated at just 1%-2% of the crop so far, compared to 3%-5% at the same time last year.
View Details
Thumbnail Weekly Newsletter
Weekly Reports

Coffee Weekly Insights – W1 September 2024

Vietnam coffee stocks continue to decline, reaching their lowest point in recent history. “Visible” coffee stks at the end of August 2024 were 119,136 tons, a 25.72% decrease from the previous month and a 29.27% drop from the same period last year. This stock level is also 55.97% lower than the previous 5-year average.
View Details
Coffee Weekly Insights W4 August
Weekly Reports

Coffee Weekly Insights – W4 August 2022

Coffee traders are used to volatility, but even judging by our high standards the New York rally of 33 cts in just 4 days was spectacular.
View Details