Coffee prices today 07/05/2022 | Latest coffee price market information

Coffee prices today, July 5, 2022, in the world market decreased slightly. Meanwhile, domestic coffee prices remained unchanged, trading at 41,900 – 42,400 VND/kg. At the end of the latest trading session, Robusta coffee prices on the London floor for July 2022 delivery decreased by 7 USD/ton to 1,984 USD/ton, and for September 2022 delivery decreased by 7 USD/ton to 1,999 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for July 2022 delivery were at 228.45 cents/lb, and for September 2022 delivery were at 224.65 cents/lb. World coffee prices are trading gloomy and slipping slightly on the London floor; while remaining unchanged on the New York floor due to the temporary suspension of trading for the US Independence Day holiday. For the first time, the price of coffee on the London floor in September 2022 fell below the dangerous level of 2,000 USD/ton. In addition, the high inflation situation in the UK is also putting Robusta coffee prices at a disadvantage. Normally, summer is a period of quite quiet coffee trading and this year is the same, but only real coffee (ie the export market). Meanwhile, prices on the coffee financial floors still fluctuate strongly due to changes in monetary policies of countries. Analysts say that up to now, Brazilian Robusta coffee with a bumper crop has been on the market for more than 2 months. Combined with the strong export of Vietnamese Robusta and the devaluation of the Brazilian currency, the market has been shaken recently. And Brazilian Arabica coffee is still hanging on the tree with a market waiting for news of severe cold. So if coffee prices increase when there is news of cold weather in Brazil, the priority is poured into the Arabica floor rather than Robusta. In addition, the inventory of qualified Robusta coffee is increasing, while Arabica coffee is being withdrawn. Although the two coffee exchanges decreased last week, Robusta prices are somewhat more vulnerable and the loss of price is harder to compensate than Arabica. #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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