The National Office of Cocoa and Coffee of the Cameroon have reported their cumulative coffee shipments for October 2017 to September 2018 to have registered a year on year increase at 24.88% to a cumulative total 421,916 bags, of primarily robusta coffee exports.

The May to May contracts arbitrage between the London and New York markets widened yesterday, to register this at 37.07 usc/Lb., while this equates to 35.11% price discount for the London Robusta coffee market.

The Certified washed Arabica coffee stocks held against the New York exchange were seen to decrease by 7,474 bags yesterday; to register these stocks at 2,477,778 bags. There was meanwhile an increase in the by 380 bags to the number of bags pending grading for this exchange; to register these pending grading stocks at 17,779 bags.

The commodity markets were steady in trade yesterday, with many Asian markets closed this week observation of Chinese New Year, the U.S. Dollar gained ground against a basket of other currencies. It was a softer day for the Oil markets, Orange Juice, Cotton, Gold, Silver and Platinum markets. It was a generally buoyant day for Softs, with Cocoa, Coffee and Sugar all up on the day and a positive close for Wheat, Corn and Soybean markets. The Reuters Equal Weight Continuous Commodity Index that is made up from 17 markets is 0.036% higher; to see this index registered at 403.12. The day starts with the U.S. Dollar steady and trading at 1.303 to Sterling, at 1.143 to the Euro and the U.S. Dollar buying 3.668 Brazilian Real.

The London market started the day on Friday trading marginally north of par and with the New York market trading around par and steady as the morning session gained momentum. The London market set a positive track as the morning progressed with an absence of activity from key producer market Vietnam, off the field of play for the Tet New Year celebrations this week. The London market slipped back in afternoon trade while New York set a firmer trend as the America’s opened for their business day, providing a boost to trade volumes and incrementally tracking upward toward the end of the day’s trade. The London market steadied out to trade in a narrow range toward the end of the day’s session, to set the close in this market in positive territory after a moderate volume day. The overall positive day in New York saw this market register a close near to the days’ highs, after a good volume day, the markets set the close yesterday in positive territory, as follows:

LONDON ROBUSTA US$/MT NEW YORK ARABICA USc/Lb.

MAR 1,556 + 9                          MAR 105.60 + 1.90
MAY 1,578 + 7                          MAY 108.65 + 1.85
JULY 1,595 + 6                         JULY 111.30 + 1.75
SEPT 1,613 + 6                         SEPT 114.05 + 1.75
NOV 1,631 + 5                          DEC 117.95 + 1.75
JAN  1,648 + 5                          MAR 121.75 + 1.75
MAR 1,667 + 4                         MAY 124.15 + 1.75
MAY 1,686 + 4                         JULY 126.35 + 1.75
JULY 1,702 + 4                         SEPT 128.40 + 1.75
SEPT 1,720 + 4                         DEC   131.40 + 1.75