Coffee prices today, June 15, 2022, in the world and domestic markets continued to decrease slightly. In particular, domestic coffee prices decreased by 200 VND/kg, to 41,000 – 41,500 VND/kg. At the end of the latest trading session, Robusta coffee prices on the London floor for July 2022 delivery decreased by 2 USD/ton to 2,037 USD/ton, and for September 2022 delivery decreased by 2 USD/ton to 2,053 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for July 2022 delivery increased by 3.6 cents/lb, to 226.95 cents/lb, and for September 2022 delivery increased by 3.45 cents/lb, to 226.90 cents/lb. The world coffee market continued to decrease. The recovery of coffee prices on the New York floor supported Robusta from falling further. As everyone awaits the Fed’s decision to raise interest rates on the US dollar, speculators have been rushing to sell off goods and stocks to buy US dollars. This has caused all markets to fall. Therefore, the price of Arabica coffee is still increasing, which is believed to be a part of speculators still believing in the value of this coffee commodity in the medium term. At 2 pm on June 15 local time, the Fed will announce new forecasts on the economy and interest rates. And it is almost certain that this organization will raise interest rates the most in nearly 30 years. Just a month ago, Fed Chairman Jerome Powell said that the agency was “not actively considering” raising interest rates by 0.75% to deal with inflation. However, after US inflation in May hit a 40-year high, Wall Street believes that Mr. Powell may have to change this view. US stocks are falling sharply. The yield on the 10-year US government bond rose to 3.27% – the highest since November 2018. If interest rates were raised by 0.75%, this would prove that the Fed is really concerned about inflation. Returning to the global coffee market, in addition to the rare slight increase in Arabica coffee recently, concerns about increased risks caused emerging currencies to depreciate, leading to a widespread sell-off of commodities. Arabica coffee prices in New York fell to a two-week low and Robusta coffee prices in London fell to their lowest level of the month. The sharp fall of the Real below the psychological threshold (5.0) has stimulated Brazilians to sell off their new crop of coffee currently being harvested, causing coffee futures prices to fall even deeper. #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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Coffee prices today June 15, 2022 | Latest coffee price market information
