Coffee prices today October 17, 2022 | Latest coffee price market information

Coffee prices today, October 17, 2022, domestically and internationally, remain stable. Of which, domestic coffee prices remain at 44,500 – 45,000 VND/kg. In the world market, coffee prices today remained stable on both major exchanges. In the latest trading session, the price of Robusta coffee on the London floor for November 2022 delivery remained at 2,061 USD/ton. And the price of coffee for January 2023 delivery on this floor stopped the weekly session at 2,051 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for December 2022 delivery is anchored at 196.7 cents/lb. For March 2023 delivery, the price of coffee on this floor remains at 193 cents/lb. The world coffee market continues to move sideways compared to yesterday. Last week, world coffee prices fell sharply on both major exchanges. Specifically, the price of Robusta coffee in London for November 2022 delivery fell by 94 USD/ton; and the price of Arabica coffee for December 2022 delivery dropped sharply by 21.4 cents/lb. The market fell sharply last week when funds and speculators liquidated their net positions before the expiration of the November futures option contract. The move was due to increased risk concerns due to pressure from monetary interest rates and a promising abundant supply. Coffee growers in Brazil have just finished harvesting the new crop of the 2022/2023 crop year. Commodity markets in general continued to weaken after reports of US economic indicators put pressure, forcing the US Fed to continue raising interest rates at high levels. The International Monetary Fund (IMF) has warned that high inflation will make the global economy difficult, and has lowered its forecast for world economic growth in 2023 to 2.7% from 2.9% in July. Recently, major consuming countries, including the US and Europe, have all increased interest rates sharply. This has increased the business costs of importing companies and made purchasing activities sluggish. The domestic coffee market today is still at yesterday’s trading level. Last week, domestic coffee prices fell by 1,800 – 1,900 VND/kg. Currently, the new coffee harvest in Dak Nong province is being prepared. With coffee prices still high and a good harvest, people are very excited and expect a bumper crop. However, people are also worried about the shortage of coffee harvesters. According to farmers, this year the weather is favorable, coffee does not encounter drought, so it grows and develops well, with higher productivity than last year. Faced with a labor shortage, the agricultural sector recommends that people do not rush to pick green, young coffee. In addition, people should harvest coffee with a ripeness rate of over 80%, carry out the preliminary processing and preservation steps properly. #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 #worldwide_coffee_price, coffee price today, coffee price today, latest coffee price, standard coffee price, coffee price, coffee price today, coffee price today, COFFEE PRICE TODAY, standard coffee price, Dak Lak coffee price, Gia Lai coffee price, Kon Tum coffee price, Dak Nong coffee price, Lam Dong coffee price, coffee price, coffee price today, coffee price today, coffee price today October 17, 2022, coffee price October 17, 2022, Coffee price today, coffee price October 17, 2022, News, agricultural techniques for high quality products. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #coffee_price #coffee_price #agriculture #nhannong #mientay #giacaphelamdong #giacaphedaklak #giacaphedaknong #giacaphegialai #giacaphekontum #giacapheworld coffee price, coffee price today, coffee price today, latest coffee price, standard coffee price, coffee price, coffee price today, coffee price today, coffee price today, COFFEE PRICE TODAY, standard coffee price, coffee price Dak Lak, coffee price Gia Lai, coffee price Kon Tum, coffee price Dak Nong, coffee price Lam Dong, coffee price, coffee price today, coffee price today 10/17/2022, coffee price on 10/17/2022, Coffee price today, coffee price 10/17/2022, News, agriculture

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