The latest Commitment of Traders report from the New York arabica coffee market has seen the Non Commercial Speculative sector of this market increase their net short sold position within the market by 10.27% during the week of trade leading up to Tuesday 15th September; to register a net short sold position of 31,970 Lots. This net short sold position which is the equivalent of 9,063,495 bags has most likely remained near to unchanged, following the period of mixed overall steady trade which has since followed.
The arbitrage between the markets broadened on Friday, to register this at 47.78 usc/Lb., while this equates to a 40.37% price discount for the London robusta coffee market. This arbitrage remaining relatively attractive to roasters in comparison to arabica coffee prices, but is perhaps due to widen further in time and when Vietnam stocks start to impact upon the fortunes of the London market.
The Certified washed Arabica coffee stocks held against the New York exchange were seen to increase by 2,065 bags on Friday; to register these stocks at 2,039,352 bags. There was meanwhile a larger in volume 5,595 bags decrease to the number of bags pending grading for this exchange; to register these pending grading stocks at 43,219 bags.
The Certified washed Arabica coffee stocks held against the New York exchange were seen to increase by 2,065 bags on Friday; to register these stocks at 2,039,352 bags. There was meanwhile a larger in volume 5,595 bags decrease to the number of bags pending grading for this exchange; to register these pending grading stocks at 43,219 bags.
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