I. & M. Smith (Pty) Ltd. since 1915
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I. & M. Smith (Pty) Ltd.

Coffee Market Report

07 Oct 2018

5th October, 2018.
The January 2019 to December 2018 contracts arbitrage between the London and New York markets narrowed, to register this at 33.69 usc/Lb., while this equates to 31.51% price discount for the London Robusta coffee market.

The Certified washed Arabica coffee stocks held against the New York exchange were seen to increase by 2,775 bags on 4th October, to register these stocks at 2,405,510 bags. There was a decrease of 8,009 bags to the number of bags pending grading for this exchange; to register these pending grading stocks at 56,485 bags.

The Reuters Equal Weight Continuous Commodity Index that is made up from 17 markets registered 0.691% lower, to see this index close on the day at 411.87.

The Coffee markets finished the day on a mildly positive note, as follows:

London Robusta US$/MT New York Arabica Usc/Lb.

NOV   1,616 + 28             DEC  106.95 + 0.35
JAN    1,615 + 29             MAR 110.40 + 0.35
MAR  1,625 + 28             MAY 112.80 + 0.40
MAY  1,638 + 28              JULY 115.20 + 0.40
JULY  1,652 + 27             SEPT 117.50 + 0.40
SEPT  1,667 + 28             DEC  120.80 + 0.35
NOV   1,682 + 29             MAR 124.05 + 0.35
JAN    1,696 + 28             MAY 126.10 + 0.40
MAR  1,712 + 27             JULY 127.80 + 0.40
MAY  1,724 + 27             SEPT 129.45 + 0.40