Term London prices closed lower in light trading on the 2nd track by the slide of the NY pressure by increasing the dollar against the euro. A trader here said most European traders closed off, there is very little trading takes place. He noted that many transactions were done with the barrier's future trading port investors progression. He added you have a speculative short position was significant. session ends in July d1ong prices declined in 1330 stood at $ 4 per ton.

NY-term price relief in closed session on Thursday, two affected by the dollar by increasing crop and supply coming from the market. End of session closed lower prices in July stood at 0.15c 132.25 c / lb.

Coffee market has been key in the price bracket $ 1.30-$ 1.40 for first years from now. The forecast for bumper crops of Brazil holds the momentum of price increases. At the same time, poor yields of Colombia and Central America has left the market for the supply of cash is scarce and little clean coffee arabbica smooth, high quality is available. In addition, increases in the dollar yesterday against the euro due to the rescue last weekend of the Spanish savings bank outbreak fears that the worry about the debt of the euro area has institutions are not constrained. Jack Scoville, get the coffee market has generally kept pretty good position previously increased prices of the dollar yesterday. He said that signs of fundamental market price of coffee has kept the key in its frame. There are a few batches of coffee moved to Brazil under pressure recently, still no coffee in Central America and Colombia.

According to council Brazilian green coffee exports for the export of Brazilian green coffee from May 1 to 21 reached a total of nearly 1.3 million packages. Exports increased compared with the same period last month by only 1 million bag crop speed fast. Although Brazil's coffee can not be delivered for the coffee contract on the U.S. ICE market, the forecast for the rich harvest from national production and exports are the largest burden on the price override Board circulation. Brazil's harvest season occurs earlier than the rest of Latin America. The U.S. agricultural attaché last week estimated that Brazil's 2010-11 season will meet in muc55.3 million bags, up 23% sov ới year 2009-10, largely due to cyclical production plant two years. The first crop is forecast made from 47-60 million bags.

The inventory reserve Thursday 2 ICE reduced to $ 2352 million in 1050 how many. The amount of open contracts ICE Thursday 6 up to 705 lots total lots 139.284. Total trading volume in 8969 was estimated on lots, in addition to lots 2727 and 1394 contract purchase contract choose to sell lots.
(According Phuocancoffee)