Coffee market morning 15/6/2018

The price of Arabica coffee futures on ICE Futures US in New York weakened due to the prospect of Brazil coffee production this year may hit a record high.

Closed on June 15, 1818, the price of Arabica coffee in September decreased 0.65 cents / lb to 117.95 cents / lb. Meanwhile, the price of Robusta coffee in July increased 7 USD / ton up to $ 1,713 / ton.

Jack Futures Group analyst Jack Scoville said speculators expected Brazil's 2018/19 coffee output to hit record highs so they remain in a short position in the coffee market. . The coffee market is still weak due to lack of basic information.

(For reference only)

HNH