Coffee prices today 03.07.2022 | Latest coffee price market information

Today’s coffee price on July 3, 2022 in the country is being purchased at 41,900 – 42,400 VND/kg. Following the world’s downward trend, domestic coffee prices this week decreased by 600 VND/kg. At the end of the latest trading session, the price of Robusta coffee on the London exchange for July 2022 delivery was at 1,991 USD/ton, for September 2022 delivery at 2,006 USD/ton. Meanwhile, the price of Arabica coffee on the New York exchange for July 2022 delivery was at 228.45 cents/lb, for September 2022 delivery at 224.65 cents/lb. This week, world coffee prices decreased simultaneously on both exchanges. Specifically, the price of Robusta coffee for July 2022 delivery decreased by 35 USD/ton, the price of Arabica coffee for July 2022 delivery increased by 1.85 cents/lb. On the first trading day of the week, the price of coffee on both exchanges decreased with low volume due to pressure from the US stock market recession, especially the underperforming technology stocks and the USDX remained unchanged. Meanwhile, the yield of US Treasury bonds continued to rise due to the upcoming anti-inflation pressure of the Fed, and concerns that higher interest rates in major economies will lead to recession have affected the general market sentiment. The exchange rate of the Real continued to decline slightly, encouraging Brazilians to increase the sale of new crop coffee. This downward force continued to spread on Tuesday, when the forecast showed no signs of frost in the coffee regions in southern Brazil during the upcoming full moon in July. Coffee prices unexpectedly reversed course midweek, with Arabica coffee surging as ICE-managed inventories of the commodity fell to a 22-year low. A significant amount of coffee has been moved from European warehouses to the US for delivery to industrialists as supplies from major Central and South American producers show signs of depletion. Meanwhile, the new crop harvest in Brazil has slowed due to unfavorable weather conditions for drying. Farmers continue to stay on the sidelines, saying this year’s crop has not met their initial expectations and traders are offering too low prices. The slight increase in the New York floor continued into the following day, but Robusta coffee was halted after a report that Vietnam’s coffee exports in June were estimated to increase by 1.3% compared to the same period last year, bringing coffee exports in the first 6 months of 2022 to a total of 1.03 million tons, up 21.7% compared to the same period. In the final session of the week, the coffee market weakened as the Real exchange rate continued to fall, down to a nearly 5-month low against the USD. The conflict in Eastern Europe remained fierce, global inflation had not improved, the US economy was increasingly in recession, and the market increased bets that the Fed would not be “hawkish” in the upcoming July policy meeting, causing most investors to transfer capital back to the stock exchanges, pushing red across the commodity exchanges in general. #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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