market info

Daily Report

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

Friday May 09, 2008
Futures Prices - 08.05.2008
ICE (New York) US cents / lb London US $ / tonne and cents / lb in brackets
Month Price Prev. Price Month Price Prev. Price
May – 2008 133.90 130.15 May - 2008 2141 (97.11) 2097 (95.12)
July – 2008 134.55 131.10 July - 2008 2164 (98.16) 2118 (96.07)
Sep – 2008 136.90 133.55 Sep - 2008 2162 (98.07) 2119 (96.12)


ICO Daily weighted average price on 07.05.2008 and previous price in brackets (US cents/lb)
Other Mild Arabica (N.Y) Robusta (N.Y) Exchange Rate Rs./ US $
139.70 (141.28) -- (105.16) 41.79


Futures Price Trend


Differentials
Ar.Plant.A Ar.Chy.AB Rob.Pmt.AB Rob.Chy.AB
NY +6 NY -22 LIFFE +450 LIFFE +20


ICTA Auction Prices Rs/Kg as on 07.05.2008
Grade MNEB/AA PB A AB B C BBB
Arabica Plantation --- 123.00 --- --- --- --- 84.94
Arabica Cherry --- 103.00 ---- --- ---- --- ---
RKR PB AA AB   C BBB
Robusta Parchment ---- 108.00 -- 118.86 ---- --- 84.28
Robusta Cherry ---- 84.44 --- 91.00 --- 86.00 82.68


Raw Coffee Price (Karnataka) as on 08.05.2008 in Rs./50 kg
Ara.Pmt Ar.Chy Rob.Pmt Rob.Chy
4750-4775 2425-2450 4550-4625 2200-2225


Export update: From 1st Jan to May 08, 2008 (in metric tonnes)
INDIAN COFFEE Ar.Pmt Ar.Chy Rob.Pmt Rob.Chy Instant Total
Provisional exports (Indian coffee) 20440 4488 8204 39810 12911 85853
Provisional exports corresponding period last year 13728 5924 8799 39667 17409 85527
Provisional re exports ----- ----- ----- ----- 10788 10788
Provisional re-exports corresponding period last year ----- ----- ----- ----- 6006 6006
Total provisional exports (1+3) 20440 4488 8204 39810 23699 96641
Total exports corresponding period last year (2+4) 13728 5924 8799 39667 23415 91533

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Market Analysis

ICE arabica futures ended weaker on Wednesday, amid speculator selling on the heels of a stronger U.S. dollar. ICE July coffee closed down 250 points at $1.3110 a pound. Open interest continues to decrease and funds are exiting the market. It's quiet, but that is typical for this season. LIFFE robusta futures declined on speculation that sales from Brazil and Vietnam, will add to supplies. LIFFE May settled down $13 at $2097 while July settled down $22 at $2118/tonne.

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