Coffee prices today August 15, 2022 | Latest coffee price market information

Today’s domestic coffee price on August 15, 2022 is still at 48,500 – 49,000 VND/kg. Experts predict that domestic coffee prices will remain high in the coming time. In the world market, today’s coffee prices are flat on both major exchanges. At the end of the latest trading session, the price of Robusta coffee on the London floor for delivery in September 2022 remained at 2,252 USD/ton, and for delivery in November 2022 at 2,261 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for delivery in September 2022 continued to remain at 226.6 cents/lb, and for delivery in December 2022 at 222.4 cents/lb. The world coffee market increased sharply last week. In particular, the price of Robusta coffee in London for delivery in September 2022 increased by 209 USD/ton; the price of Arabica coffee for delivery in September 2022 increased by 17.15 cents/lb; Thanks to the strong increase last week, the price of Robusta coffee climbed to the highest level in the past 7 months, while the price of Arabica coffee was at the peak in the past 1.5 months. Last week, the adjustment of capital flows by speculators due to speculation that the Fed is likely to raise the base interest rate; the support of the USDX plummeting and the decline of US stocks; the report of Arabica inventories of ICE – New York and Robusta of ICE – Europe continued to decrease sharply are factors supporting coffee prices. In addition, according to experts, the supply of goods is facing problems. That is, Brazilian farmers are not interested in selling coffee at this time due to the exchange rate. Many Brazilian farmers believe that their coffee output this year is not as expected, so they are not in a hurry to sell for immediate delivery like in previous years. Last week, domestic coffee prices also increased sharply following the world’s increase. Compared to the previous week, domestic coffee prices increased by 4,000 VND/kg and are currently at 49,000 VND/kg. Experts predict that the London floor is in an overbought zone, but even if there is a correction this week, it cannot decrease sharply. And domestic coffee prices will remain high in the coming time. Exporters will be forced to buy goods in the months ahead. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #cafe_price #coffee_price #agriculture #nhanong #mientay

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