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

Coffee prices today, October 15, 2022, in the world and domestic markets continued to decrease. In particular, domestic coffee prices decreased by 800 VND/kg, to 44,500 – 45,000 VND/kg. In the world market, coffee prices today continued to decrease sharply on 2 major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery turned sharply down by 38 USD/ton, to 2,061 USD/ton. And coffee prices for January 2023 delivery on this floor are also decreasing by 46 USD/ton, to 2,051 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery are also decreasing by 5.45 cents/lb, to 196.7 cents/lb. For March 2023 delivery, the coffee price on this floor decreased by another 3.05 cents/lb, down to 193 cents/lb. Today, the world coffee market continued to decline, becoming the third consecutive session of the week. Compared to mid-week, Robusta coffee prices lost up to 100 USD/ton, domestic prices decreased by about 2,000 VND, while Arabica for December 2022 delivery dropped by 20 cents/lb. Experts said that world coffee prices have decreased sharply recently due to the negative impact of the strong increase in the USD and concerns that the Fed will be more aggressive in tightening monetary policy after the US consumer price index (CPI) in September was higher than expected, and US inflation reached 8.2% higher than estimated. In addition, coffee exporting countries (including Vietnam) are preparing to bring new crop 2022 – 2023 to the market. In addition, the rain situation is favorable in Brazil’s key coffee growing regions. After 3 consecutive sharp declines in recent days, domestic coffee prices today returned to 45,000 VND/kg. In just the last 2 consecutive days of decline, the domestic coffee market has lost up to 1,600 VND/kg. In September 2022, our country’s coffee exports decreased sharply by 17.8% compared to the previous month, down to 92,550 tons. In the first 9 months of the year, Vietnam exported 1.34 million tons of coffee, up 13.1% over the same period last year. According to the Vietnam Coffee – Cocoa Association, major consuming countries (including the US and Europe) have recently increased interest rates sharply. This has increased the business costs of importing companies and slowed down purchasing activities. This is also the reason why domestic inventories are still low but the situation is opposite to that of July and August. #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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