Ending the latest trading session, the price of Robusta coffee in London delivered in July 2023 decreased by 48 USD/ton at 2,759 USD/ton, delivered in September 2023 decreased by 44 USD/ton at 2,726 USD/ton.
On the New York Stock Exchange, the price of Arabica coffee delivered in July 2023 fell 3.85 cents/lb, at 172.25 cents/lb, delivered in September 2023 fell 3.45 cents/lb, at 171.2 cents. /lb.
The two coffee floors continued to decline, bringing Arabica to the lowest level in the past 2.5 months. Experts said that the decline in the price of coffee on both floors is inevitable after funds and speculators need to liquidate because they have entered the overbought zone.
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