World Market: July 15-31,2013

摘要

World coffee prices have fallen somewhat in the second half of July with the market still caught up in the persisting downtrend related to the expected record "off-year" crop in Brazil. The benchmark September arabica contract dipped to the lowest since late June at the end of the period under review as producers increased sales volumes. It eventually ended at 118.60 cents/lb on July 31, down 4.65 cents, or 3.8%, since July 15. Second-month December futures gave up 4.55 cents to close at 121.30 cents/lb. London robusta futures also finished lower at the end of July after the market had advanced to an eight-week high on July 18 on the back of tight supplies from Indonesia, where rains have disrupted the harvest, and Vietnam, where stocks are gettingthin ahead of the new crop. The benchmark September contract ended $31 down at $1,873 a tonne, while the November contracted settled at $1,869 per tonne, down $22 in the period under review.