Coffee Prices Today August 18, 2022: Ending the last session of the week, the price of Robusta coffee in London for September delivery in September 2022 decreased by 7 USD / ton to 2,217 USD / ton.
Coffee Prices Today August 18 2022: Update international market information
Ending the last session of the week, the price of Robusta coffee in London for September 2022 decreased by 7 USD / ton to 2,217 USD / ton, and the price for November delivery decreased by 4 USD / ton to 2,224 USD / ton. On the New York Stock Exchange, the cost of arabica coffee delivered in September 2022 fell 1.9 cents/lb to 217.45 cents/lb, and the price for delivery in December 2022 fell 1.9 cents/lb to 214.4 cents/lb. The world coffee market continued to have a second downward correction. However, the decline has slowed down.
Coffee prices turned negative as investors worried about the Chinese economy slowing down, waiting for US retail sales, and releasing the minutes of the US Federal Reserve’s (Fed) meeting of July. today. Inventory reports on the New York Stock Exchange continue to decline, but the amount of Arabica coffee inspected for quality continues to increase. This is also the reason why the price of Arabica coffee decreases.
The dollar strengthens, and speculators sell their capital balance on the closing day. This has a negative impact on the current coffee price. Fitch Solutions forecasts arabica coffee prices to come under pressure as global growth slows and demand declines from an expected 4.1% increase in global production in 2022/23. This coffee will be around 200 cents a pound for the rest of 2022.
World coffee news: Florida researchers suggest morning coffee can quell nicotine cravings
Not only a project of Jim Jarmusch, coffee and tobacco are also objects of scientific research.
Specifically, researchers have concluded that coffee and caffeine consumption can help reduce morning nicotine cravings in cigarette smokers.
A team from the University of Florida has identified two compounds in coffee that directly affect sensitive nicotine receptors in the human brain. According to a press release announcing the study, those receptors can become hypersensitive after a night of nicotine withdrawal.
For that reason, regular smokers showed a particular appreciation for a cup of coffee in the morning, according to the team.