Business Day of the New Year 2018

Price movements of the previous trading day

London:

1733 + 15 (1747-1723) 1740 + 13 (1754-1731)

New York:

130.20 + 4.00 (130.65-126.00) 134.70 + 3.75 (135.20-130.90)

On the New Year's Day of 2018, two floors of coffee rose very well, especially New York.

Thus, New York prices did not hurt the hope of many people when closing up 4.00 cts / lb to 130.20 cc / lb, above the 100-day moving average for the first time in three months.

New year's price increase on the floor of the New York real estate is not out of business expectations because speculative funds have kept oversold on this floor, according to statistics until the end of 26/12/17. a record 58,558 lots.

Meanwhile, on London floor, prices also rose quite good, sometimes hit 1747 but then closed 1733 + $ 15.

Indonesian coffee exports fell 71 percent to 144,152 bags from last year. In the first three months of the 2017/18 season, Indonesia exported only 1,094,527 bags or a 67% decrease over the same period.

NGUYEN QUANG BINH