Coffee prices today June 8, 2022 | Latest coffee price market information

Coffee prices today, June 8, 2022, both in the world and in the country decreased simultaneously. In particular, domestic coffee prices decreased by 100 – 200 VND/kg; to 42,000 – 42,600 VND/kg. At the end of the latest trading session, the price of Robusta coffee on the London floor for delivery in July 2022 decreased by 24 USD/ton to 2,109 USD/ton, and that for delivery in September 2022 decreased by 19 USD/ton to 2,121 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for delivery in July 2022 decreased by 5.4 cents/lb to 232.15 cents/lb, and that for delivery in September 2022 decreased by 5.3 cents/lb to 232.35 cents/lb. The coffee market on both floors decreased simultaneously on the day of closing the business positions of capital management funds. Coffee fell in line with the general trend of tropical agricultural products, while cereals, crude oil and gold all increased. Another reason for the decline in Robusta prices in recent sessions is the abundant supply of Robusta coffee in countries, especially Brazil. This creates great competitive pressure. Vietnam estimates that coffee exports, mainly Robusta coffee, in the first 5 months of 2022 increased by 24.2% compared to the same period last year, hindering the increase on the London floor. JPMorgan Chase CEO Jamie Dimon warned clients who are investors to prepare for a “storm” not only in the US but also in the world. Tightening monetary policy and the Russia-Ukraine conflict are causing more difficulties because food prices are skyrocketing, not excluding any country. A recent report by the United Nations also said that there is a food crisis in the world. Although the world coffee market is showing negative signs, domestic coffee prices are still believed by experts to be stable. Grade 2 coffee (maximum 5% black and broken) delivered to warehouses around Ho Chi Minh City port last week was equivalent to -230 USD/ton, so the cheapest export price must be minus 200 USD/ton below the price for July and September 2022 on the London floor. The amount of inventory in the population is gradually decreasing, so domestic prices are stable. However, a large number of contracts are waiting to be closed according to the London floor price for July and September 2022 at 2,150 USD/ton, so the possibility of an increase on the London floor will therefore be limited. It is expected that domestic coffee prices this week will be around 42.5 – 43.8 million VND/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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