London prices rise, New York is weak

Price movements of the previous day

London

1735 + 14 (1740-1721) 1723 + 11 (1726-1709)

New York:

117.10-0.15 (118.05-116.25) 119.20-0.30 (120.20-118.45)

The price difference between New York and London Robusta is 38.42cts / lb (-) - USDX 93.58 (+) - BRLUSD 3.71 (-)

Brazil has a cold last weekend, the price of arabica New York coffee is not hot but dominated by Real BRL.

Political instability before the election in Brazil has weakened the BRL, sometimes touching nearly $ 1 to eat 4 BRL. Importantly, it is not only the price of coffee that is badly affected, especially arabica, that foreign capital inflows as well as Brazil's financial markets are being challenged.

New York's 119.70 arabica price created a wave of sales and brought New York's 117 to date. There is also a sell-off in production that is threatening New York prices.

Meanwhile, the US Department of Agriculture said Vietnam will be the season, do not make the roaster hurry to buy. However, the robusta price of London yesterday rose from 1720 again as many times before. But it should be calculated that by the time 1720 was lost to about 1700, London prices could now reveal its weaknesses, going deeper. What is the problem?

By: NQB