December 02, 2009
Daily Coffee Market Bulletin
Issue 16, Quarter IV, 2009
Market @ a Glance ECX Coffee Index* Today Overall Composite Washed Unwashed Local
105.69 97.00 208.00 112.00
Previous Day
%change
104.38 97.00 202.00 114.00
1.24 0.00 2.88 -1.79
*The ECX Coffee Index tracks relative changes in price and quantity since the launch of coffee trading on December 2nd 2008. An initial base value of 100 was used as benchmark.
ECX Spot Price –01.12.2009 ECX Washed Export Coffee Volume & Value Performance Market Share in %
Traded Product Washed Index Limmu Sidama Yirgacheffe Total for the day
Today Weighted Average Price/ton* 97.00 506.00 602.00 616.00
Previous Day Weighted Average price 97.00 504.00 600.00 589.00
Value in ETB Change % 0.00 0.51 0.42 4.50
Volume in ton
249.90 107.10 17.85 374.85
Volume
7,431,750.00 3,789,750.00 646,500.00 11,868,000.00
Value
67 29 5 100
63 32 5 100
ECX Speciality Washed Export Coffee Volume & Value Performance Market Share in %
Traded Product Sidama Yiracheffe Total for the day
Today Weighted Average Price* 605.00 608.00
Previous Day Weighted Average price 608.00 670.00
Change %
Volume in ton 56.10 68.85 124.95
Value in ETB 1,996,500.00 2,461,800.00 4,458,300.00
Volume
Value
45 55 100
45 55 100
ECX Unwashed Export Coffee Volume & Value Performance Market Share in %
Traded Product Unwashed Index Forest Harar Lekempti Total for the day
Today Weighted Average Price* 208.00 567.00 775.00 580.00
Previous Day Weighted Average price 202.00 545.00 775.00 570.00
Volume in ton
Value in ETB
Change % 2.88 3.88 0.00 1.72
Volume 43.35 5.10 10.20 58.65
1,320,000.00 232,500.00 348,000.00 1,900,500.00
Value
74 9 17 100
69 12 18 100
1 Ethiopia Commodity Exchange (ECX), Alsam Chelelek Tower 2, Telephone:+251 554 7001, Fax: + 251-11- 554 7010, E-mail:
[email protected], Website: www.ecx.com.et, P.O.Box 17341, Addis Ababa, Ethiopia.
Daily Coffee Market Bulletin
December 02, 2009
ECX Local Use Coffee Volume & Value Performance Market Share in % Today Weighted Average Price*
Previous Day Weighted Average price 114.00 336.00 390.00 305.00 312.00
Volume in ton Value in ETB Change % Traded Product Volume Value Local Index Unwashed Byproduct 365.00 8.17 63.75 1,368,000.00 37 42 Unwashed Forest 263.00 -48.08 61.20 948,150.00 35 29 Unwashed Jimma 265.00 -15.09 15.30 238,500.00 9 7 Washed Byproduct 333.00 6.57 34.19 669,372.00 20 21 Total for the day 174.44 3,224,022.00 100 100 *The Weighted Average Price for each traded coffee type is calculated dividing the total transaction value by total transaction volume.
ECX Export Parity Price Comparison to International Futures & Spot Prices ECX Spot Price Vs. ICE Futures (March Delivery) *ECX Washed *ECX Unwashed Weighted Average Price Comparison to ICE Comparison to ICE in US Cents/lb ECX Washed ECX Unwashed ICE Futures in % in % Previous day Weighted Average Price 135.15 134.63 138.75 -2.66 -3.06 Today Weighted Average Price 127.85 130.55 143.00 -15.15 -8.71 The ECX Washed and Unwashed Weighted Average Prices in comparison with ICE Futures are Export Parity Prices that include 13 US Cents/ Lb on top of the weighted average price at the exchange floor for costs incurred to process and export to international markets. Exchange rate : 1USD = 12.50 ETB
2 Ethiopia Commodity Exchange (ECX), Alsam Chelelek Tower 2, Telephone:+251 554 7001, Fax: + 251-11- 554 7010, E-mail:
[email protected], Website: www.ecx.com.et, P.O.Box 17341, Addis Ababa, Ethiopia.
December 02, 2009
Daily Coffee Market Bulletin
ECX Washed & Unwashed Export Parity Vs. Colombian Mild & Brazilian Naturals Spot Prices ECX Washed* US ¢/lb Previous Day Weighted Average Price for ECX Today Weighted Average Price for ECX
Colombian Mild US ¢/lb
ECX Washed Vs. Colombian Mild in %
Brazilian Naturals US ¢/lb
ECX Unwashed** US ¢/lb
ECX Unwashed Vs. Brazilian Naturals in %
141.03 (Sidama)
177.24
-25.70
-
126.73
-
141.46 (Sidama
182.35
-28.90
-
132.11
-
*Price of ECX Washed referes to Colombian Mild Equivalent is blend of all grades of one of the following coffee types with certain +/- price margin on ICE FUTURES: Limmu & Sidama **ECX Unwashed Brazilian Equivalent is blend of all grades of one of the following coffee types: Jimma and Sidama with certain minus price margin on ICE FUTURES
Commentary: 25 types of regular and 5 types of specialty added up to 732.89 tons were traded for the day for a total woth of around 26.5 mil ETB. Washed led all categories with 51% of the transaction volume and 55% of the transaction value. Followed by Washed was Local Use Coffee that controlled 24%/15% of the volume and the value market share with 174.44 tons of coffee for 3.22 mil ETB. Unwashed had been still dwarfed with 58.65 tons Speciality finished third with 124.95 tons with 4.5 mil ETB. ICE Arabica futures registered the record high for the month of December with concerns of low supply as suppliers from Central and South America project low supply in the 2009/2010 production year. Coffee News/Events: Dow Jones News Wire, Dec 2, 2009: Coffee production from Costa Rica's 2009-10 harvest through Oct. 31 was down 40% at 134,162 60-kilogram bags, the Costa Rican Coffee Institute, or Icafe, said Wednesday. Dow Jones News Wire, Dec 2, 2009: Concerns about world coffee supplies lifted ICE Futures U.S. Arabica coffee prices higher Wednesday as speculators bought bullish positions. Most-active March coffee settled up 100 points at $1.4370 a pound and the nearby December contract settled 70 points higher at $1.4320 Palmoil News Analysis, Dec 2, 2009: Late rains will cut India's coffee output by up to 7% from a previous government estimate of 306,300 metric tons during the crop year that began Oct. 1, a senior industry official said Thursday
3 Ethiopia Commodity Exchange (ECX), Alsam Chelelek Tower 2, Telephone:+251 554 7001, Fax: + 251-11- 554 7010, E-mail:
[email protected], Website: www.ecx.com.et, P.O.Box 17341, Addis Ababa, Ethiopia.
December 02, 2009
Daily Coffee Market Bulletin ECX Spot Trading – 02.12.2009 Coffee Type
Symbol & Grade
Opening Price
Closing Price
Intraday Change
% change from previous close
Day High
Day Low
Volume in Ton
Washed Limmu A (New Crop)
2WLMA3
505
505
0
0.00
505
505
117.60
Limmu A (New Crop)
2WLMA4
500
498
-2
-0.40
500
495
91.80
Limmu B (New Crop)
2WLMB3
555
555
0
1.83
555
555
25.50
Limmu B (New Crop)
2WLMB4
545
545
0
-0.91
545
545
15.30
Sidama A (New Crop)
2WSDA3
615
615
0
0.00
615
615
34.20
Sidama A (New Crpp)
2WSDA4
605
605
0
-6.92
605
605
12.60
Sidama B ( New Crop)
2WSDB4
605
605
0
-6.92
605
605
25.21
Sidama B (New Crop)
2WSDB5
550
550
0
--
550
550
8.99
Sidama C (New Crop)
2WSDC4
595
595
0
-0.83
595
595
10.80
Yirgacheffe A (New Crop)
2WYCA3
620
620
0
0.81
620
620
7.21
Yirgacheffe B (New Crop)
2WYCB4
610
610
0
2.18
610
610
10.64 374.85
2WKCBQ
610
610
0
-
610
610
25.50
2WSDAQ
605
605
0
-0.82
605
605
43.35
2WSDBQ2 2WYCBQ2 2WGABQ
605 607 606
605 607 606
0 0 0
-0.49 0.81 2.18
605 607 606
605 607 606
12.75 25.50 17.85 124.95
ULK7 UHRB5 1UFRUG 1UFRA9
580 775 500 525
580 775 500 525
0 0 0 0
-0.85 0.00 -8.26 1.74
580 775 500 525
580 775 500 525
10.2 5.10 12.75 30.60 58.65
LUBP2 LUBP3 LUBP4 LUFR4 LUFR5A LUFR5B LUJM3 LUJM5C LWBP3 LWBP4
426 353 320 272 240 235 320 155 336 325
426 319 326 272 240 235 320 155 336 325
0 -34 3 0 0 0 0 0 0 0
5.19 -5.06 5.16 -15.00 -2.04 0.00 -27.60 -8.82 5.00 4.00
426 353 326 272 240 235 320 155 336 325
415 319 320 272 240 235 320 155 336 325
25.5 15.30 22.95 45.90 7.65 7.65 10.20 5.10 13.39 10.80 174.44
Sub Total
Specialty Kochere B (New Crop) Sidama A Specialty (New Crop) Sidama B Specialty (New Crop) Yirgacheffe B Speciality 02 Gelena Abaya (New Crop) Sub Total
Unwashed Lekempti Harar B Forest (New Crop) Forest A Sub Total
Local Unwashed Byproduct Unwashed Byproduct Unwashed Byproduct Unwashed Forest Unwashed Forest Unwashed Forest Unwashed Jimma Unwashed Jimma Washed Byproduct Washed Byproduct Sub Total
Grand Total
4 Ethiopia Commodity Exchange (ECX), Alsam Chelelek Tower 2, Telephone:+251 554 7001, Fax: + 251-11- 554 7010, E-mail:
[email protected], Website: www.ecx.com.et, P.O.Box 17341, Addis Ababa, Ethiopia.
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