#giaheohoi coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #cafe_price #coffee_price #agriculture #nhanong #mientay Coffee price today, June 19, 2022, in the domestic market remained at 42,300 – 42,800 VND/kg. This week, world coffee prices continued to decrease, while domestic prices increased. At the end of the latest trading session, the price of Robusta coffee on the London floor for July 2022 delivery was at 2,065 USD/ton, and for September 2022 delivery was at 2,079 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for July 2022 delivery was at 227.65 cents/lb, and that for September 2022 delivery was at 227.4 cents/lb. The world coffee market continued to lose value this week, the second consecutive session that world coffee prices decreased due to the strong impact of the monetary policies of central banks. Specifically, the London coffee market had 3 sessions of decrease and 2 sessions of increase. The price of Robusta coffee futures for July delivery decreased by 12 USD, or 0.58%, to 2,165 USD/ton, and the price of September delivery decreased by 16 USD, or 0.76%, to 2,079 USD/ton, both slight decreases. Trading volume was at an average level. In contrast, the New York market had 3 sessions of increase and 2 sessions of decrease. Arabica coffee futures for July delivery fell 1.25 cents, or 0.55%, to 227.65 cents/lb, and those for September delivery fell 1.40 cents, or 0.61%, to 227.40 cents/lb, both slight decreases. Trading volume was above average. This week’s highlight was the adjustment of the basic interest rates of major economies in the world. First of all, the USD basic interest rate was raised by 0.75% to 1.5 – 1.75%/year. This is the highest interest rate increase by the US Federal Open Market Committee (FOMC) after a record inflation report, demonstrating the determination of Fed officials to push back inflation not only in the US. At the same time, the Monetary Policy Committee (Copom) – Brazil also raised the base interest rate of the Reais by 0.5% to 13.25%/year. This also contributed to strengthening the price of Brazil’s key agricultural exports, preventing them from selling heavily when the Reais weakened again under pressure from the exchange rate. In addition, there were adjustments to increase the base interest rates of a series of major central banks in the world to join forces to prevent global inflation.
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Coffee prices today June 19, 2022 | Latest coffee price market information
