Coffee prices today August 2, 2022 | Latest coffee price market information

Coffee prices today, August 2, 2022, fluctuated in different directions in the world, while domestic prices continued to move sideways. According to a Reuters survey, coffee prices will be low at the end of the year. In the world market, coffee prices today increased and decreased in different directions on two major exchanges. Specifically, at the end of the latest trading session, the price of Robusta coffee on the London floor for delivery in September 2022 increased by 1 USD/ton to 2,031 USD/ton, and the price for delivery in November 2022 remained at 2,028 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for delivery in September 2022 decreased by 4 cents/lb to 213.2 cents/lb, and the price for delivery in December 2022 decreased by 3.8 cents/lb to 210 cents/lb. The world coffee market is falling in Arabica coffee as the Real exchange rate slightly decreased as the market bet that Copom – Brazil will raise the basic interest rate by 0.5%, at the monetary management meeting starting today. Currently, hot weather in Europe and America limits coffee consumption. In addition, coffee businesses usually have summer vacation from the end of July to the end of August every year, so real purchasing power is decreasing sharply. Therefore, coffee prices on the two exchanges will be controlled by financial investors, depending on many factors such as currency, inflation … According to a survey by Reuters, coffee prices at the end of the year will be low. Arabica coffee decreased by 20% compared to last year, down to 180 cents/lb. Robusta coffee decreased similarly, down to 1,900 USD/ton. The survey also predicts that Brazil’s 2023/24 crop will increase to 71 million bags, above the estimated average of 63 million bags for the 2022/23 crop currently being harvested. The world’s largest Robusta coffee producer, Vietnam, is expected to produce 30 million bags in the 2022/202.3 crop, slightly lower than the previous crop. With the above information, the coffee market in the last months of the year will certainly be affected. The domestic coffee market continues to maintain a high level. According to experts, domestic coffee prices are still increasing gradually, at times Robusta grade 2 (maximum 5% black broken) reached nearly 46 million VND/ton delivered to warehouses around Ho Chi Minh City – the highest level in this crop year. #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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