Coffee prices today June 18, 2022 | Latest coffee price market information

Coffee prices today, June 18, 2022, in the world and domestic markets decreased simultaneously. In particular, domestic coffee prices decreased by 100 VND/kg, to 42,300 – 42,800 VND/kg. At the end of the latest trading session, Robusta coffee prices on the London floor for July 2022 delivery decreased by 26 USD/ton to 2,065 USD/ton, and for September 2022 delivery decreased by 25 USD/ton to 2,079 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for July 2022 delivery decreased by 4.3 cents/lb to 227.65 cents/lb, and for September 2022 delivery decreased by 4.4 cents/lb to 227.4 cents/lb. The world coffee market closed the week down due to the USD’s rebound. At the same time, the fall of the Brazilian Real has encouraged farmers to sell more. In addition to coffee, gold and crude oil have also fallen in the past few weeks. Coffee prices have also been negatively affected by rising inventories on the floor. Previously, coffee prices on both floors had recovered amid caution from speculators with low trading volumes. According to a report by Safras & Mercado, as of June 14, Brazil’s 2022/23 coffee harvest was only 28% complete, lower than the 5-year average of 36%. At the same time, there are concerns about excessive drought in Brazil amid reduced rainfall in Minas Gerais, which accounts for about 30% of the country’s Arabica coffee production. Lower production in Colombia, the world’s second-largest Arabica producer, has also put pressure on coffee prices. The Colombian Coffee Growers Federation recently reported that Colombia’s January-May 2022 coffee production fell 4% year-on-year to 4.5 million bags. #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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