Coffee prices today June 3, 2022 | Latest coffee price market

Coffee prices today, June 3, 2022, in the world market are slightly decreasing on the New York floor. Domestically, coffee prices remain unchanged, at 42,500 – 43,100 VND/kg. At the end of the latest trading session, Robusta coffee prices on the London floor for July 2022 delivery increased by 30 USD/ton to 2,136 USD/ton, and for September 2022 delivery increased by 29 USD/ton to 2,139 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for July 2022 delivery decreased by 1.2 cents/lb to 238.25 cents/lb, and for September 2022 delivery decreased by 1.15 cents/lb to 238.25 cents/lb. The London floor has been on a 2-day holiday since Thursday, plus 2 weekend days. Therefore, Robusta coffee prices temporarily postponed the trading week with an increase of 36 USD/ton for delivery in July 2022, an increase of 43 USD/ton for delivery in September 2022. Meanwhile, coffee prices on the New York floor adjusted down after a strong increase yesterday. Regarding the reason for the sharp increase in world coffee prices in the last session, experts said that it was due to weather information in Brazil. Accordingly, scattered rain in the southern region of Brazil prevented the harvest of the Arabica crop that had just begun, which would affect the quality of the coffee beans being dried. The temperature will drop sharply during the upcoming full moon days of June, but there is no possibility of frost in any coffee growing areas. Since the beginning of June 2022, the latest news about the weather situation in Brazil has continuously pushed coffee prices on the two floors up one after another. In addition, according to market sources, the Mexican-Central American high-quality Arabica coffee production block is said to have run out of stocks in the domestic market. This has left the block’s exporters with no more goods to deliver to ports. In addition, the coffee market is still being affected by the USDX’s rebound. The possibility of the Fed’s rate hike has caused speculative capital to leave stocks and digital currency exchanges and flow back to commodities after China announced a higher-than-expected PMI index for May. #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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