Update Coffee Market Price Today on June 17th, 2023

 UPDATE COFFEE MARKET PRICE TODAY 

on June 17th, 2023 

At the end of the last trading session of the week, the price of Robusta coffee in London delivered in July 2023 decreased by 8 USD/ton at 2,796 USD/ton, delivered in September 2023 decreased by 10 USD/ton at 2,747 USD/ton. On the New York Stock Exchange, the price of Arabica coffee delivered in July 2023 fell 2.1 cents/lb, at 184.9 cents/lb, delivered in September 2023 fell 2.2 cents/lb, at 180.75 cents. /lb. The price of coffee on the 2 floors at the end of the week adjusted slightly after a very strong increase earlier. The USD recovery has hindered coffee prices. On the morning of June 17, on the US market, the US Dollar Index (DXY) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.18% , reaching the 102.30 mark. At the end of the last trading session of the week, the price of Robusta coffee in London delivered in July 2023 decreased by 8 USD/ton at 2,796 USD/ton, delivered in September 2023 decreased by 10 USD/ton at 2,747 USD/ton. On the New York Stock Exchange, the price of Arabica coffee delivered in July 2023 fell 2.1 cents/lb, at 184.9 cents/lb, delivered in September 2023 fell 2.2 cents/lb, at 180.75 cents. /lb.

The price of coffee on the 2 floors at the end of the week adjusted slightly after a very strong increase earlier. The USD recovery has hindered coffee prices. On the morning of June 17, on the US market, the US Dollar Index (DXY) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.18% , reaching the 102.30 mark. The dollar rose again after the Bank of Japan (BOJ) decided to maintain an extremely low interest rate policy and forecast that inflation would slow down by the end of this year. Previously, the dollar dropped after the decision to keep the current interest rate unchanged by the US Federal Reserve (Fed), and the possibility of further raising interest rates at the following regular meetings until inflation America has positive results. This caused commodity and speculative funds to return to the market to increase buying. Yesterday, raw coffee beans prices in Vietnam's domestic market set a new peak of over VND66,500/kg, after London futures prices re-established a high last week, approaching a 15-year high on June 9. 2023. In addition, Robusta inventories on June 15 in London decreased by 170 tons, or 0.22% from a week earlier, to 78,400 tons (about 1,306,667 bags, 60 kg bags) which is a lower level than 7. week, showing that the supply of Robusta is still tight in the short and medium term. The above information has contributed to support the price of Robusta coffee.

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Factory 1: No. 132/6, TL 29 Street, Thanh Loc ward, District 12, Ho Chi Minh City, Vietnam Factory 2: No. 60-62, To Vinh Vien Street, Bao Loc City, Lam Dong Province, Vietnam.Contact person: Ms. Windy Ngo Phone/Whatsapp/Wechat/Line/Viber: +84 932 680 925 Email: sales1@vietthien.com