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Commodities  |  September 06, 2010 12:23:06

Weather arabic sends back to the levels of 1997, is growing again, even cocoa


Friday market arabica coffee varieties before the forthcoming víkendom prolonged in the form of today's feast in the U.S. (Labor Day) bore and continue in the spirit of growth rates, when the value throughout the day and reinforce the lessons podvečerných spoke on the level of 188.18 pounds USD/100 , back to peak from under 13 years old. Minulotýždňovú-resistance at 188.53 pounds USD/100 to reach him and could not overcome the conclusion of trade and under the pressure výpredajov respectively. collecting the profits from business profits odpísala part, but still ended in a positive mood on the surface USD/100 186.03 lbs.In addition to market factors such as weakening U.S. dollar and growth in the equity markets, this is under development in recent days signed by the adverse weather conditions, particularly in the major countries of cultivation of high-quality arabica beans as Colombia, the countries of Central America and Brazil. In Colombia, too humid and rainy weather caused the occurrence of disease hubovitého kávovníkov which threatens crops in Mexico, producing a negative impact frosts and cold earlier this year in Brazil, currently ruled by very dry weather, which may have a negative effect on fruit maturation period after flowering. Above average "wet" weather is causing problems such as well as in Guatemala or Costa Rica. Insufficient supply of coffee on the market along with the growing demand for high quality granules can continue the main actors in the market, beginning of harvest in South and Central America in the months of October / Novembercommodity price increases can strangle on the market, but also in the new trading season had a supply shortage persists. Today, with soft commodities traded in New York (coffee, cocoa, sugar, cotton) traded by reason of the said feast.

Behold the market kakaom was last trading day last week to growth rates, which recorded the highest growth in the last month-resistance with the rise over 2800 USD / metric ton (maximum at 2805 USD / metric ton), the conclusion of trade in the bore býčej mood and price ended with only a slight difference to 10 points below the daily high. Given the current shortage of new fundamentov on the market (new main crop harvest begins in West Africa early October (weather is still largely favorable, though in some regions there is an outbreak of black mold due to moisture), in a given month will come on the market beyondfurther report on changes in world consumption of cocoa and chocolate products)) this development was the result of positive data from the U.S. labor market, which caught the expectations of analysts and have fueled further speculation about the possible revival of consumption of luxury excise of holdings as well. This will also add The said market factors (dollar, stocks), the decrease in stocks monitored warehouses and technical signals, the impact of the price support under the 2700 USD / metric ton suggested significantly prepredané market conditions and possible reversals in the trend. Commodity price and may even in the short term correction to continue.

Author: Vanda Zajacová (vanda.zajacova @ xtb.sk)

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Počasie posiela arabicu znovu na úrovne z roku 1997, rastie opäť aj kakao

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