Coffee prices today October 5, 2022 | Latest coffee price market information

Coffee prices today, October 5, 2022, in the world market continued to fluctuate in opposite directions. Meanwhile, domestic coffee prices remained unchanged, at 46,500 – 46,900 VND/kg. In the world market, coffee prices today continued to fluctuate in opposite directions on both major exchanges. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery decreased slightly by 1 USD/ton, at 2,172 USD/ton. Meanwhile, coffee prices for January 2023 delivery on this floor remained unchanged and remained at 2,172 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery increased slightly by 3.55 cents/lb, to 219.3 cents/lb. For March 2023 delivery, coffee prices on this floor are also slightly increasing by 3.25 cents/lb, to 210.6 cents/lb. The world coffee market today continues to fluctuate in opposite directions when the London floor slightly decreases while the New York floor is increasing. Arabica coffee prices turn to increase again when the USD decreases sharply. Along with the increase of coffee on the New York floor are gold, crude oil, and grain floors. Only wheat and Robusta coffee do not increase. According to a survey at the beginning of this morning’s session, the greenback’s DXY index is falling sharply by 1.54%, to 110.20 points. US Treasury bond yields have fallen to their lowest level in a week, causing DXY to cool down. Therefore, speculative cash flows have the opportunity to turn to other risky assets such as gold and some agricultural products, including coffee. The opposite fluctuations of the two coffee floors are also due to the sharp decrease in Arabica coffee inventories, while Robusta coffee has increased. This week, the market is waiting for data on non-agricultural payrolls and unemployment rates, to continue to make moves with speculative cash flows towards the USD and other commodities. According to the update of the International Coffee Organization (ICO), the coffee supply of the last crop year was somewhat deficient with an output of about 167.2 million bags (1 bag = 60 kg) compared to global consumption demand of up to 170.83 million bags. It is estimated that Vietnam’s market share accounts for about 27 million bags (equivalent to 16%). However, in the new crop year, the market’s supply – demand balance will be completely balanced, and the supply may even seem more abundant thanks to Brazil’s bumper crop that has been harvested, estimated at over 60 million bags. If Vietnam’s coffee output for the new crop year is estimated at around 30 million bags, then the world’s two leading exporting countries, Brazil and Vietnam, alone account for around 90 million bags, enough to meet around 60% of global coffee consumption demand. #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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