Coffee prices today October 3, 2022 | Latest coffee price market information

Domestic coffee prices purchased in the most recent period on October 3 fluctuated from 46,100 – 46,500 VND/kg. World coffee prices continued to decrease. World coffee prices last week also fluctuated continuously, however, the increase range was slight, the decrease range was very strong. Especially Robusta coffee prices on the London floor. This was explained by experts as due to fluctuations in the USD. In addition, the fact that world monetary organizations such as the US Federal Reserve (Fed) and the European Central Bank (ECB) continuously raised interest rates to curb inflation in many countries also negatively affected agricultural product transactions. At the end of the trading session last weekend, Robusta coffee prices on the London floor decreased by 79 USD/ton compared to the trading session at the beginning of the week; Arabica coffee prices on the New York floor increased slightly by 1.15 cents/lb. The price of Robusta coffee on the London floor for November 2022 delivery was traded at 2,153 USD/ton. The transaction prices for other delivery terms were 2,146 USD/ton (delivery in January 2023), 2,120 USD/ton (delivery in March 2023) and 2,106 USD/ton (delivery in May 2023). The price of Arabica coffee on the New York floor for December 2022 delivery was matched at 221.55 cents/lb. The transaction for March 2023 delivery was matched at 212.55 cents/lb, May 2023 was 207.6 cents/lb, and July 2023 was 204.1 cents/lb. It is forecasted that domestic coffee prices this week will likely end the continuous decline. Meanwhile, world coffee prices are unlikely to increase sharply due to the inflation situation in Europe (EU) and the US that has not shown any signs of cooling down. According to experts, high inflation is a sign that a global economic crisis and recession is about to happen. This makes investors uneasy, and prices of agricultural products (except food), including world coffee, also fluctuate continuously in the main direction of decreasing points. #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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