Coffee price today June 19:

Coffee prices today (June 19)

Update world coffee prices

According to records, coffee prices on the world market have turned down. Specifically, the online price of robusta coffee in London for delivery in July 2023 was recorded at 2,796 USD/ton after decreasing by 0.29% (equivalent to 8 USD).

The price of Arabica coffee for delivery in July 2023 in New York was at 184.9 US cents/pound after increasing 1.12% (equivalent to 2.1 US cents) at the time of survey at 6:40 a.m. (Vietnam time).

Coffee exports recorded declines across most suppliers, with South America down 6.4% to just under 3.6 million bags in April, driven by the region’s three main producers, Brazil, Colombia and Peru, which saw combined exports fall by 17.9%.

Of these, Brazil and Colombia decreased by 2.5% and 14.8%, down to 2.7 million bags and 0.7 million bags. In Colombia, adverse weather is negatively affecting the country's coffee production and exports, with Colombia's coffee output falling by 6% in April.

Peru continued to see a sharp decline in exports of 62.5% in April as adverse weather and political instability in key producing regions greatly affected the country's export supply.

Similarly, coffee exports from Africa fell 9.8% year-on-year to 0.9 million bags in April. In the first seven months of the current crop year, African coffee exports reached 6.9 million bags, down 5.9% year-on-year.

In April, major African exporting countries such as Ethiopia, Kenya and Uganda decreased by 17.6%, 25.8% and 8.4% respectively.

The Uganda Coffee Development Authority said the impact of drought at the start of the current crop year, combined with lower exports to Sudan, were among the reasons for the decline in the country’s coffee exports. Meanwhile, in Ethiopia, contract disputes arising from the difference between domestic and international prices have affected coffee exports in the first months of 2023. Exporters are holding back coffee until the disputes are resolved.

Coffee exports from Central America and Mexico increased by 6.3% in April to 1.9 million bags, with Costa Rica, Honduras and Nicaragua growing by 27%, 13% and 11.2% respectively. However, the region’s coffee exports for the first seven months of the current crop year have fallen by 4% to 8.01 million bags.

Meanwhile, in Asia and Oceania, the region's coffee exports fell 1% to just over 3.7 million bags in April 2023. However, the overall 7-month figure still increased by 1.1% to 27.5 million bags. This is also the only region with an increase in export volume so far in the 2022-2023 crop year.

In April, Indonesia's exports fell sharply by 24.6%, far exceeding the positive growth of 3.1% in Vietnam, the region's top manufacturer and exporter.

Source