With the month of December coming to a close and with the shipment statistics already at hand, the Vietnam General Statistics office have estimated that the coffee exports for the month of December shall be 54.70% lower than the same month last year, at a total of approximately 1,416,667 bags.  This they say, shall result in the countries coffee exports for the 2020 calendar year to be 8.80% lower than 2019, at a total of 25,183,333 bags.

The General Statistics office of Vietnam have at the same time estimated that the value of the country’s coffee exports for the 2020 calendar year, shall be 7.20% lower than 2019, at a total of approximately 2.70 billion US Dollars.

The March 2021 to March 2021 contract arbitrage between the London and New York markets widened on Thursday: to register this at 63.22 usc/Lb. This equates to 50.19 price discount for the London Robusta coffee market.

The Certified washed Arabica coffee stocks held against the New York exchange were seen to decrease by 275 bags on Thursday, to register these stocks at 1,396,226 bags, with 94.1% of these certified stocks being held in Europe at a total of 1,314,457 bags and the remaining 5.9% being held in the USA at a total 81,769 bags. There was meanwhile a larger in number 580 bags increase to the number of bags pending grading for this exchange; to register these pending grading stocks at 82,387 bags.

It was a firmer day overall on the commodity markets on Thursday, to see the overall macro commodity index taking something of a firm sideways track for the day. The Sugar and Coffee markets ended the day on a positive note, while the Cocoa market ended the day on a softer note. The Reuters Equal Weight Continuous Commodity Index that is related to 17 markets is 0.3609% higher; to see this index registered 451.6451. The day starts with the U.S. Dollar, trading at 1.356 Sterling, at 1.22 the Euro and with the US Dollar buying 5.216 Real.

The New York and London markets started the day on Thursday trading on a modest firmer note, the New York market continued on this firmer path for most of the morning session, while the London market fell back from the early morning highs to be set on a softer path for the remainder of the morning session. As the afternoon progressed the New York market continued to trend firmer before hitting a ceiling to limit the gains for the day, while the London market bounced back off the lows of the day to see the market recover and settle on a modest firmer note for the day.

The London market ended the day on a modest positive note with 50% of the earlier gains of the day intact, while the New York ended the day on a likewise positive note with 41.18% of the earlier gains of the day intact. This firmer close might inspire some degree of confidence to possibly set the markets for a hesitant start to early trade today, against the prices set on Thursday, as follows:

LONDON ROBUSTA US$/MT       NEW YORK ARABICA USc/Lb.

MAR 1383 + 5                                  MAR 125.95 + 1.40
MAY   1398 + 6                                    MAY   127.85 + 1.40
JUL 1406 + 5                                     JUL 129.45 + 1.45
SEP   1423 + 6                                     SEP    130.95 + 1.50
NOV    1439 + 6                                   DEC     132.35 + 1.50
JAN   1455 + 6                                    MAR    133.65 + 1.55
MAR 1470 + 6                                     MAY   134.20 + 1.55
MAY  1488 + 6                                     JUL   134.75 + 1.60