Coffee prices today 07/10/2022 | Latest coffee price market information

Coffee prices today, July 10, 2022, in the domestic market continued to be purchased at 41,200 – 41,700 VND/kg. This week, domestic coffee prices decreased slightly by 200 VND/kg. In the world market, coffee prices today remained stable on both major trading floors. At the end of the latest trading session, the price of Robusta coffee on the London floor for delivery in July 2022 was at 1,970 USD/ton, and for delivery in September 2022 was at 1,981 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for delivery in July 2022 remained at 222.9 cents/lb, and for delivery in September 2022 was at 219.6 cents/lb. The world coffee market this week turned sharply down. In particular, the price of Robusta coffee in London for delivery in July 2022 lost 21 USD/ton; Arabica coffee prices for July 2022 delivery fell 5.55 cents/lb. At the beginning of this week’s session, the New York Stock Exchange was closed for the US Independence Day holiday. In a lone market, the price of Robusta coffee on the London Stock Exchange continued to decline as Brazilians pushed to sell new crop Conilon Robusta. Three days later, coffee prices on both exchanges continued to decline as speculators rushed to withdraw capital to seek shelter, due to concerns about increased risks when speculating that the Fed would take stronger action in the upcoming policy meeting. The stock exchanges and US Treasury bond yields soared to new highs, attracting massive speculative capital flows from everywhere, causing world commodity exchanges to plummet. By the end of the week, coffee futures prices ended their consecutive declines when the USDX weakened again, causing “speculative bulls” to return to increase buying, after technical indicators on both exchanges, especially London, entered the oversold zone. The market has been informed of concerns about winter weather in major coffee regions in Brazil. However, trading volume remains gloomy, showing that speculators are cautious in the face of reports of increased coffee exports from many countries in June, and the pressure of new crop sales from many major producing countries is still weighing on futures markets in the short and medium term. This week’s summary shows that domestic coffee prices are slightly decreasing by VND200/kg, due to the negative impact of rising interest rates and the rising USD in the world market. The General Department of Vietnam Customs reported preliminary data showing that coffee exports in June reached 137,403 tons (equivalent to 2,290,050 bags, 60 kg bags), down 3.5% compared to the previous month, bringing exports in the first 6 months of the calendar year to a total of 1,018,650 tons (about 16.98 million bags), up 20.7% compared to the same period last year. The reason for the recovery of coffee prices at the end of the week is the decrease in inventories on the New York floor in recent times. Thanks to the decrease in inventories, the price of this coffee item has slowed down the decline of both floors. However, experts say that this is not actually due to a lack of Arabica coffee supply. Because, although the listed price is on the New York floor, the standard inventory of this floor is mainly located in European warehouses. Recently, due to logistical problems, US roasted coffee producers decided to increase the purchase price for available domestic shipments, leading to strong consumption. This has caused a wave of pulling goods from European warehouses to the US. Therefore, the increase in Arabica coffee prices is actually to solve the logistical problem rather than due to a lack of output. Currently, Brazil is stepping up the harvest of Arabica coffee, which will put pressure on the price of this coffee item on the New York floor in the coming time. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #cafe_price #coffee_price #agriculture #nhanong #mientay

source