Coffee Board – Market daily report: Jan 25, 2012

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Price updates from ICE [New York], LIFFE[London] and ICTA[Bangalore]

Wednesday, January 25, 2012

Futures Prices 24.01.2012
ICE (New York) – Arabica US cents/lb LIFFE (London) – Robusta US $/tonne and cents/lb in brackets

(10 MT contract)

Month Price Prev.Price Month Price Prev. Price
Mar – 2012 220.45 219.45 Jan – 2012 1876 (85.09) 1876 (85.09)
May – 2012 223.50 222.55 Mar – 2012 1888 (85.64) 1889 (85.68)
July – 2012 226.40 225.45 May – 2012 1911 (86.68) 1914 (86.82)

 ICO Group Indicator price on 23.01.2012 and previous price in brackets

 Other Mild Arabica  Robusta   Exchange Rate

Rs./ US $

USCents/lb Rs./kg US Cents/lb Rs./kg    
233.87 (239.48) 257.59 (265.25) 99.45 (101.21) 109.54 (112.10)   49.96

Market Analysis

ICE futures end higher, but the market stays within its recent 15c range. According to the Newedge’s there isn’t much roaster interest at the lower end of the band to push prices higher. Concerns about the European debt crisis are a bigger threat to the recent rally; and it is extremely vulnerable to what’s going on in Europe. ICE futures for March delivery settles up 0.5% at $2.2045/pound. Liffe robusta futures end Tuesday’s trading session broadly flat, reversing earlier losses with some support from the arabica market. The market has been characterized by low trading volumes. LIFFE March settled flat at $1,888/ton.

  Ar. Plant. A Ar.Chy.AB Rob. Pmt.AB Rob.Chy.AB
Differentials: NY  + 4 NY – 35 LIFFE + 720 to + 730 LIFFE + 140 to +150

NMCE  Coffee REP Bulk futures prices of 23.01.2012 (Rs/100 Kgs)

Futures month Jan’12 Mar’12
Closing price 10006 (9932) 10400 (10323)

ICTA Auction Prices Rs/Kg as on 19.01.2012

Grade MNEB AA PB A AB B C BBB
Arabica Plantation 247.00 249.00 120.00
Arabica Cherry
  RKR  A PB AA AB   C BBB
Robusta Parchment
Robusta Cherry 113.00 114.00

Raw  (Karnataka) as on 20.01.2012 in Rs./50 kg

Ar.Pmt. Ar. Chy. Rob. Pmt. Rob. Chy.
10400-10600 5150-5200 5200 2525-2600

Export update:  From 1st January 2012 to 24th January, 2012 (in metric tonnes)
  INDIAN COFFEE Ar.Pmt Ar.Chy Rob.Pmt Rob.Chy Roasted seeds R & G Instant Total
1 Provisional exports (Indian coffee) 3293 1078 499 6035 2 7 1939 12853
2 Provisional exports corresponding period last year 3761 1035 1622 3817 1 4 2356 12596
3 Provisional re-exports 0 0 0 0 0 0 3953 3953
4 Provisional re-exports corresponding period last year 0 0 0 0 0 0 1271 1271
5 Total provisional exports (1+3) 3293 1078 499 6035 2 7 5892 16806
6 Total provisional exports corresponding period last year (2+4) 3761 1035 1622 3817 1 4 3627 13867

   Disclaimer: The Board neither guarantees the accuracy of the information nor accept any liability whatsoever for any direct or consequential loss arising from the use of this report.

 

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