Coffee prices today August 16, 2022 | Latest coffee price market information

Coffee prices today, August 16, 2022, in the world market fluctuated in opposite directions. Meanwhile, domestic coffee prices increased slightly by 100 VND/kg, trading at 48,600 – 49,100 VND/kg. In the world market, coffee prices today fluctuated in opposite directions on both major exchanges. At the end of the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery increased by 4 USD/ton to 2,256 USD/ton, and for November 2022 delivery increased by 4 USD/ton to 2,265 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery decreased by 1.1 cents/lb to 225.5 cents/lb, and for December 2022 delivery decreased by 0.85 cents/lb to 221.55 cents/lb. The world coffee market fluctuated slightly with a slight increase on the London floor and a slight decrease on the New York floor. The increase in the standard inventory of Arabica coffee caused the price to decrease slightly, while the standard inventory of Robusta coffee on the London floor was not compensated. Currently, the supply in the two leading Robusta coffee producing countries, Brazil and Vietnam, is very tense. In addition, the appearance of rain in Brazil’s key coffee growing region last week is easing concerns about drought, so the price of Arabica coffee decreased slightly. Another factor that also supported the strong price increase of Robusta coffee in recent sessions is the strong buying power of speculators to prepare for the upcoming delivery month. Currently, the business performance on the two coffee floors is increasing very well. On the London floor last week, the price of coffee increased by 10.72% and Arabica New York increased by 7.75%. Currently, the price of the two coffee floors by the end of last week has regained what was lost since the beginning of the year. Robusta coffee prices are only minus 0.79% (-18 USD) and Arabica coffee prices are down 0.34% (-0.75 cts/lb). Currently, domestic raw coffee prices are at a high level, the highest in the past 6-7 years. However, trading volume is quite weak due to the end of the season. The export price of grade 2 coffee with a maximum of 5% black and broken beans is offered from equal to plus 20 USD/ton FOB, calculated on the November 2022 transaction price. Compared to the beginning of 2022, the export price of this grade 2 coffee has increased from 400 – 450 USD/ton. #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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