Coffee prices today July 15, 2022 | Latest coffee price market information

Coffee prices today, July 15, 2022, in both the world and domestic markets decreased sharply. In particular, domestic coffee prices decreased by 1,000 VND/kg, to 40,800 – 41,300 VND/kg. In the world market, coffee prices today decreased simultaneously on both major trading floors. At the end of the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery decreased by 51 USD/ton to 1,930 USD/ton, and for November 2022 delivery decreased by 44 USD/ton to 1,935 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for September 2022 delivery decreased by 12.05 cents/lb, at 190.3 cents/lb, and for November 2022 delivery decreased by 11.95 cents/lb, at 192.75 cents/lb. The world coffee market turned sharply lower as the Dollar Index increased by 0.97%, reaching 109 points. According to analysts, the US announced the highest inflation index in the past 40 years, helping the greenback stand at a high level. The decline of the coffee market is in line with the general situation of commodity exchanges, gold and crude oil prices also decreased sharply. According to the US CPI index, inflation continued to overheat at 9.1%, a level not seen since November 1981. The reason for the broad-based increase in inflation is the indexes of gasoline, housing and food… This figure exceeded the forecast of economists surveyed by the Wall Street Journal to increase by 8.8%. This confirms that the Fed will soon raise interest rates to control inflation. The increase in the US dollar continues to push the Brazilian Rael down, which stimulates farmers to sell the new crop strongly in the futures method. According to the Brazilian Coffee Exporters Association Cecafe, coffee exports in June 2022 reached 2.793 million bags (60kg), up 0.6% compared to the same month last year. Including the 2021/22 crop year (ending in June), Brazil exported 35.491 million bags of green coffee (60kg), down 14.9% compared to the previous crop year. Arabica exports for the current crop year fell 11% to 32.889 million bags compared to the previous crop year, while Arabica exports in June 2022 alone increased 11.5% from the previous month to 2.652 million bags. Even with the annual export volume down, Brazil’s coffee revenue still reached a record $8.11 billion, up 38.7% from the previous crop year, amid strong global commodity prices. #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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