Coffee price today June 19:

Coffee price today (June 19)

Update world coffee prices

According to records, coffee prices on the world market have turned to decrease. 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 July 2023 delivery 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 nearly 3.6 million bags in April, driven by a 17.9% decline in the region’s three main producers, Brazil, Colombia and Peru.

Brazil and Colombia saw declines of 2.5% and 14.8%, respectively, to 2.7 million bags and 0.7 million bags, respectively. In Colombia, adverse weather conditions are negatively affecting the country’s coffee production and exports, with Colombia’s coffee output falling 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 exporters Ethiopia, Kenya and Uganda saw declines of 17.6%, 25.8% and 8.4% respectively.

The impact of drought at the start of the current crop year, coupled with lower exports to Sudan, were among the reasons for the decline in coffee exports, the Uganda Coffee Development Authority said. Meanwhile, in Ethiopia, a contract dispute arising from a gap between domestic and international prices has 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