Coffee prices today June 10, 2022 | Latest coffee price market information

Coffee prices today, June 10, 2022, fluctuated in different directions in the world. Meanwhile, domestic coffee prices continued to decrease slightly to 41,800 – 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 12 USD/ton to 2,093 USD/ton, and those for September 2022 delivery decreased by 9 USD/ton to 2,108 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for July 2022 delivery increased by 2.8 cents/lb to 234.65 cents/lb, and those for September 2022 delivery increased by 2.8 cents/lb to 234.8 cents/lb. The world coffee market is recovering on the New York floor thanks to information about dry weather in Brazilian coffee growing areas. According to experts, the coffee derivatives markets are about to expire for July options contracts. This is also the motivation for speculators to continue to balance and adjust their speculative positions in the coming days. Analyzing Robusta coffee prices in the first months of the year, experts said that Robusta coffee prices around 2,000 USD/ton and Arabica coffee prices 200 cts/lb are important psychological levels of the two key coffee derivatives exchanges in the world market. If calculating the business performance of the first 5 months of the year, the London Robusta price lost 250 USD/ton (2,291-2,041), equivalent to a decrease of 10.91%. The risks that prevented prices from rising in the first 5 months of 2022 were the blockades of major cities in China and the armed conflict between Russia and Ukraine. However, recent price activities on the two exchanges show that this risk factor seems to have been implanted in derivative prices. In the coming months, derivative prices will continue to fluctuate from strong to very strong in each trading session. There are two important variables that can change coffee derivative prices from now until the end of the year as follows: The rate of increase in the US dollar’s operating interest rate and weather factors in Brazil. Experts also predict that after a long period of suppressing prices in May 2022, there will be a strong correction in an upward direction. However, coffee derivative prices will only surpass the old peak when the market confirms that the Brazilian coffee region is really suffering from cold. But perhaps the price rebound will not be too strong. If frost does not occur in Brazil, prices will quickly fall to find a low level. If the bottom area (1,990-2,000 USD/ton) is unfortunately lost, prices may lose another 100-150 USD/ton. #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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