Coffee prices today October 22, 2022 | Latest coffee price market information

Coffee prices today, October 22, 2022, in the world market decreased simultaneously. Domestically, coffee prices today decreased by 600 VND/kg, to 43,300 – 43,700 VND/kg. In the world market, coffee prices today decreased simultaneously on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery turned down by 44 USD, to 2,001 USD/ton. And coffee prices for January 2023 delivery on this floor also decreased sharply by 45 USD, to 1,996 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery decreased slightly by 0.15 cents; to 190.9 cents/lb. For March 2023 delivery, coffee prices on this floor are also decreasing by 0.6 cents; down to 185.8 cents/lb. Latest online coffee prices on the New York and London exchanges The world coffee market fell across the board. In particular, Robusta coffee prices were pulled down to the $2,000/ton range after yesterday’s strong increase. The USD continued to rise amid market concerns about the FED’s 0.75% interest rate hike at its meeting in the next two weeks. UK inflation hit double digits of 10.1% in September, causing the GBP to fall again. This UK inflation rate as well as the energy crisis in Europe have had a significant impact on coffee consumption in the UK and the region. Selling pressure on the New York exchange remains significant, due to the pressure of new crop sales from Brazil and the high-quality wet-processed Arabica coffee production block in Colombia and Mexico – the Central American region has also begun to harvest the new crop early. Wet-processed Arabica coffee is the main source of goods on the New York floor. Semi-washed Arabica coffee from Brazil was recently approved for auction at a fixed discount of 10 cents/lb after decades of negotiations due to quality issues. Vietnam is entering the Robusta coffee harvest season with an expected increase in output compared to the previous crop, putting pressure on coffee prices which have fallen more than 10% in the past 2 months. The domestic coffee market today turned down again after a slight increase yesterday. Currently, domestic coffee prices have lost the 44,000 VND/kg mark. Currently, our country has entered the coffee harvest season. Five provinces in the Central Highlands are expected to harvest 1.8 million tons of coffee beans, up from 1.76 million tons last year. The increase in coffee output will put pressure on prices in the market. Meanwhile, consumption remains low. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #coffee_price #coffee_price #agriculture #nhannong #mientay #lamdong_coffee_price #edaklak_coffee_price #daknong_coffee_price #gialai_coffee_price #kontum_coffee_price #world_coffee_price

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