Coffee prices today July 16, 2022 | Latest coffee price market information

Coffee prices today, July 16, 2022, in the world market fluctuated in opposite directions. Meanwhile, domestic coffee prices increased slightly by 200 VND/kg, to 41,000 – 41,500 VND/kg. In the world market, coffee prices today fluctuated in opposite directions on 2 major trading floors. At the end of the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery decreased by 7 USD/ton to 1,923 USD/ton, and for November 2022 delivery decreased by 11 USD/ton to 1,924 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery increased by 4.5 cents/lb, to 199.8 cents/lb, and for November 2022 delivery increased by 3.85 cents/lb, to 196.6 cents/lb. The world coffee market fluctuated in opposite directions, as Arabica coffee prices recovered thanks to being in the oversold zone; meanwhile, Robusta coffee on the London floor continued to fall, reaching its lowest level in nearly 11 months. However, Arabica coffee is also affected by the news that this weekend a cold air mass will enter the coffee growing region in southern Brazil. This will make the weather dry but will not likely cause frost. According to observers, most markets are expecting the Fed to raise the USD base interest rate by 0.75%, but some analysts have bet on a 1% increase. Meanwhile, news that China continues to “shut down” and concerns about the real estate crisis and negative prospects in Europe have contributed to a sharp decline in commodity prices. In addition, Brazil is expected to raise the base interest rate of the Real by 1% at its policy meeting later this month. The recent increase in the USD against the Brazilian real has encouraged farmers to sell their new crop aggressively using the forward method. #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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