Coffee prices today June 7, 2022 | Latest coffee price market information

Coffee prices today, June 7, 2022, in the world market fluctuated in opposite directions. Domestic coffee prices decreased slightly by 300 VND/kg; to 42,200 – 42,700 VND/kg. At the end of the latest trading session, Robusta coffee prices on the London floor for July 2022 delivery decreased by 3 USD/ton to 2,133 USD/ton, and for September 2022 delivery increased by 1 USD/ton to 2,140 USD/ton. Arabica coffee prices on the New York floor for July 2022 delivery increased by 5.15 cents/lb to 237.55 cents/lb, and for September 2022 delivery increased by 5.1 cents/lb to 237.65 cents/lb. The coffee market on the London floor turned slightly down immediately after reopening. Previously, Robusta coffee prices on this floor remained unchanged due to a four-day holiday. Meanwhile, Arabica coffee prices turned to increase. The reason for the increase in Arabica coffee is explained by the fact that all commodities in the US have increased due to rising prices, in addition to information about rainfall in the key coffee growing area in Brazil being lower than the average of many years. The slight increase in the Real has prevented Brazilians from selling new coffee crops, supporting Arabica coffee prices in New York. According to observers, the slight decrease in USDX and the rebound in US stocks have hindered the purchasing power of commodities in general. Meanwhile, the world coffee market is worried about higher risks, due to speculation that the Fed will take strong action at upcoming policy meetings. This has prompted speculators to continue liquidating, balancing their net positions in both futures markets after the September term has become the main trading term on both floors. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #cafe_price #coffee_price #agriculture #nhanong #mientay

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