Coffee prices today November 7, 2022 | Latest coffee price market information

Coffee prices today, November 7, 2022, in the world and domestic markets remained unchanged. In which, domestic coffee prices remained at 40,700 – 41,300 VND/kg. In the world market, coffee prices today remained unchanged on both major exchanges. In the latest trading session, the price of Robusta coffee on the London floor for delivery in January 2023 remained at 1,869 USD/ton. And the price of coffee for delivery in March 2023 on this floor is also anchored at 1,850 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for delivery in December 2022 remained unchanged at 175.75 cents/lb. For delivery in March 2023, the price of coffee on this floor also remained at 171.65 cents/lb. The world coffee market had no new fluctuations today. Last week, the London coffee market had 3 sessions of increase and 2 sessions of decrease. The price of Robusta coffee futures for January delivery increased by 20 USD, up to 1,869 USD/ton, a slight increase. Trading volume was above average. Similarly, the New York market also had 3 sessions of increase and 2 sessions of decrease. The price of Arabica coffee futures for December delivery increased by 5.95 cents, up to 175.75 cents/lb, a significant increase. Trading volume remained very high above average. The world coffee price last week was affected by the Fed’s decision to increase the USD operating interest rate by 0.75% to 3.75 – 4%/year. It is possible that the Fed will raise interest rates by 0.5% at the year-end meeting and it is not excluded that it will exceed the expected 4.75%/year. Fears of increased risks have caused speculators to rush to withdraw capital from the markets in general, causing the USD value to fluctuate quite strongly at times last week. But those times were also opportunities for funds and speculators in the coffee derivatives markets to return to buying. This caused coffee to increase slightly. On the contrary, abundant supply is restraining the price increase of coffee. As of the end of October 2022, Robusta coffee inventories certified and monitored by the London exchange had increased by 1,430 tons, or 1.61% compared to the previous week, to 90,230 tons (equivalent to 1,503,833 bags, 60 kg bags). Weather information in the main coffee growing regions in southern Brazil in recent times has been very favorable rain, supporting the coffee trees to produce new flowers, promising that the 2023 crop will be a record. In addition, the ongoing harvest of the new crop of the 2022/2023 coffee crop in major producing countries (including Vietnam) continues to weigh on markets. The General Statistics Office of Vietnam estimates that coffee exports in October reached about 80,000 tons, down 19.50% compared to the same period last year. This has brought our country’s coffee exports in the first 10 months of 2022 to a total of 1.4 million tons (about 23.33 million bags), an increase of 10.60% compared to the first 10 months of 2021. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #coffee_price #coffee_price #agriculture #nhanong #mientay #lamdong_coffee_price #edaklak_coffee_price #daknong_coffee_price #gialai_coffee_price #kontum_coffee_price #worldwide_coffee_price

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