Steady uptrend on both exchanges; Coffee demand of the Japanese market back?

Coffee prices in the country increased by 400 dong/kg at key purchasing localities in the last trading session of March.. (Source: ohman.vn)

Coffee price today 1/4

Closing at the end of March, coffee prices seemed to continue to benefit from the continued decline in gold prices and crude oil prices, while Russia-Ukraine peace talks continued to be of interest to most markets. However, the stalemate continued despite both sides trying to meet to reach a peace agreement. It seems that the markets are in a short-term dilemma between war and commodity prices.

The price of coffee has returned to its upward momentum thanks to the support of the strengthening of the Brazilian Real’s exchange rate. While US stocks weakened a bit due to the outcome of the Eastern European negotiations, no progress was recorded.

According to observers, the weather in the main arabica coffee region in southern Brazil is facing a dry winter, which has raised concerns that this year’s crop will not be as expected.

Closing the last trading session of March,asia robusta coffee on ICE Futures Europe – London continued to keep gaining momentum, delivery in May 2022 increased by 13 USD (0.6%), trading at 2,165 USD/ton. Meanwhile, the delivery term in July 2022 increased by 12 USD (0.56%) and traded at 2,152 USD/ton. Low trading volume.

HOLDArabica coffee on ICE Futures US – New York increased strongly, delivery in May 2022 increased by 4.55 Cent (2.05%), trading at 226.4 Cent/lb. Meanwhile, the term for delivery in July 2022 increased by 4.55 Cent (2.05%), trading at 226.45 Cent/lb. Trading volume increased above average.

Information coffee market

In Japan, the coffee drinking culture from Europe has positively influenced the consumption of hot drinks in Japan, leading to an increasing demand for coffee among young people.

Coffee culture not only encourages young Japanese to consume instant coffee at specialty cafes and branded coffee shops, but also encourages them to make their own instant coffee at home, making increasing demand for instant coffee.

The office predicts that the popularity of coffee is growing and spreading globally, leading to demand for this item in Japan to increase again in the coming years.

Experts recommend that coffee exporters take advantage of FTAs ​​including the Vietnam – Japan Economic Partnership Agreement (VJFTA), the ASEAN – Japan Comprehensive Economic Partnership Agreement (AJCEP). ) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to accelerate exports to demanding markets.