 |
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 |
TOP
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.
TOP
|
|
|
