Coffee prices today August 23, 2022 | Latest coffee price market information

Coffee prices today, August 23, 2022, in both domestic and world markets increased simultaneously. In particular, domestic coffee prices increased by 300 VND/kg, purchasing at 48,400 – 48,900 VND/kg. In the world market, coffee prices today increased sharply on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery increased by 11 USD/ton to 2,237 USD/ton, and November 2022 delivery increased by 17 USD/ton to 2,243 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery increased by 8.35 cents/lb, to 224.3 cents/lb, and December 2022 delivery increased by 7.85 cents/lb, to 221.2 cents/lb. The world coffee market continues to increase strongly. Arabica coffee prices increased sharply after information about lack of rain in the key coffee growing region in Brazil caused a decrease in output. Meanwhile, Robusta coffee prices continued to stay high as the global supply chain was threatened after a strike at the largest container port in the UK. In the first 2 weeks of August 2022 alone, based on closing prices, the price of Robusta coffee derivatives on the London floor increased by 241 USD/ton, while the price of Arabica coffee on the New York floor also increased sharply by 12.40 cts/lb (equivalent to an increase of 273 USD/ton). Today’s coffee prices in the domestic market are also increasing following the world’s increase. Although increasing slightly, this increase also helps domestic coffee prices get closer to the mark of 49,000 VND/kg. Experts say that the amount of coffee left in the hands of growers is low because Vietnam has reached the end of the season, so coffee brought into London warehouses is limited. According to records, the amount of coffee left in the hands of growers is low because the end of the season is approaching, plus investors choose to sell on the spot rather than sell at a loss when putting on the floor. Therefore, the domestic price of Robusta coffee in the coming time is forecast to remain high. #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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