Coffee prices today 11/11/2022 | Latest coffee price market information

Coffee prices today, November 11, 2022, in both domestic and world markets increased simultaneously. In particular, domestic coffee prices increased slightly by 200 VND/kg, to 39,900 – 40,500 VND/kg. In the world market, coffee prices today turned to increase on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for delivery in January 2023 increased by 8 USD/ton (equivalent to 0.44%), at 1,827 USD/ton. And coffee prices for delivery in March 2023 on this floor are increasing by 6 USD/ton (equivalent to 0.33%), to 1,814 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for delivery in December 2022 increased sharply by 5.85 cents/lb (equivalent to 3.54%), to 171 cents/lb. For March 2023 delivery, coffee prices on this floor also increased sharply by 5.35 cents/lb (equivalent to 3.30%), at 167.7 cents/lb. The world coffee market turned to increase again due to the sharp decline of the USD, ending the previous series of price declines. On November 10, the US Department of Labor released a report showing that the inflation rate in this country in October decreased slightly, but remained at a high level in the past decades. Core CPI (excluding volatile food and energy prices) in October increased by 6.3% compared to October 2021, slightly down from the core CPI in September. This information caused the USD to fall sharply, creating conditions for agricultural products to increase in price again. Analysts added that Arabica coffee increased strongly again due to the slowing supply from Brazil, affecting the election in this country. Rabobank has just forecast that Brazil’s coffee output in the 2023/2024 crop year could increase by 10% to 68.25 million bags, due to recent rainy weather, which is very favorable for coffee trees to grow in the 2023 crop. Meanwhile, HedgPoint also forecasts that Brazil’s output next crop will increase by 10% to 66.2 million bags. The market is waiting for the results of the first survey by the Agricultural Supply and Forecasting Company (Conab) under the Brazilian Ministry of Agriculture on this crop. The domestic coffee market today increased again, ending a series of 3 consecutive days of decline. However, with this small increase, domestic coffee prices have not yet been able to return to the threshold of 41,000 VND/kg. #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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