Instant coffee beans Robusta futures burst "kill more"! Evaporation of more than 13% in 7 trading days
Robusta, the world's second-largest variety of coffee produced and commonly used as instant coffee, has plummeted more than 10 per cent in the past week, leaving prices of just $1878.00 a tonne, the lowest since July 2011, Zerohedge reported.
As shown in the top chart, the non-commercial net excess order of Robusta coffee futures traded on the London Stock Exchange has been rising since 2016. Last week, the net non-commercial position order of Robusta Coffee reached an all-time high level of 44932, but when the futures net excess order reached a high point, the futures price was hit for a while.
Statistics show that Robusta coffee has fallen since April 18, with a cumulative decline of 13.17% in just seven trading days. London Robusta coffee futures fell another 1.05% to close at US $1878.00 per metric ton on Thursday.
Robusta Coffee Daily trend Chart (performance so far this year)
"Bloomberg" reported that from a technical point of view, Robusta coffee futures have fallen below the 100MA and 200 MA moving average, while the relative strength indicator RSI has also fallen below 30 MA. Robusta coffee futures are technically weak.
Above: Robusta futures price: RSI relative strength indicator Photo: Bloomberg
Carlos Mera Arzeno, raw materials commodity analyst at Rabobank International in London, said that Robusta coffee has fallen sharply in recent days, in addition to fundamental factors, the above technical aspects have been rapidly weakening, resulting in multiple single "kill more", is also the main reason for the slump.
Carlos Mera Arzeno said that at present, there are reports in the market that large traders in Vietnam and Indonesia have a lot of Robusta coffee stocks, and the inventory has been seriously expanded, coupled with the fact that hedge funds are starting to sell more orders, causing this wave of Robusta coffee to fall sharply.
"it is estimated that by the end of this year, it will be very difficult for Robusta coffee to return to the bull market." Carlos Mera Arzeno said.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
The Korean Coffee Prince's apprentice New York created "cold drink".
In New York, drinking coffee is a basic move for many people. A Korean boy successfully copied the art of hot coffee to a cold drink to see how he did it. Sweet Moment boss UJ Lee: "Cappuccino" (Cappuccino) Hey! This cup of coffee unexpectedly has two bear patterns, it turns out that it uses the technique of coffee flower drawing. First use steam to beat the milk, add
- Next
Coffee control, pay attention! Krispy Kreme espresso latte series of doughnuts are on the market!
Are you a coffee addict? are you irresistible to espresso? be sure to try two new espresso lattes officially launched by Krispy Kreme on April 28, latte cocoa doughnuts and oatmeal latte doughnuts, using Krispy Kreme's exclusive latte chocolate sauce, which has a low sweetness but rich taste compared with other doughnuts.
Related
- Which coffee beans are suitable for making SOE? Why are lightly baked beans and deeply baked beans not suitable for espresso?
- Introduction to Xiaobai Learn the skills of drawing flowers from scratch. How to use the coffee machine steam stick to kill the milk bubbles.
- How to taste the flavor of hand-brewed coffee during the high, medium and low temperature stages? What temperature is the best to drink black coffee?
- What is the best method to make cold extract coffee at home? Advantages and disadvantages of making iced coffee in tea bags Why do coffee powder brewed in a cold extraction pot easily fade in flavor?
- Is the American drip filter an "IQ tax"? Is a fully automatic American coffee machine worth buying? What coffee beans are suitable for dripping black coffee?
- Why are there few "skimmed milk" and "decaf coffee" in domestic cafes? Introduction to decaf coffee and low-fat milk
- How do newbies learn to make coffee? Z-shaped one-knife flow brewing method Hand-brewed coffee segmented extraction parameters, techniques and skills sharing
- Why is washed coffee more sour? How can it be sweeter when washed? How many categories are there in washed sun-dried coffee beans?
- Advanced knowledge for baristas: Ice hand-making coffee skills, parameters, water powder and ice ratio analysis
- Why is specialty coffee so expensive? Where are the selling points? How many types of creative coffee are there? What is the WBC Barista Competition?