Coffee prices today September 14, 2022 | Latest coffee price market information

Coffee prices today, September 14, 2022, in the world and domestic markets continued to decrease. In particular, the domestic coffee market decreased by 500 VND/kg, to 47,200 – 47,800 VND/kg. In the world market, coffee prices today continued to decrease on two major trading floors. In the latest trading session, the price of Robusta coffee on the London floor for September 2022 delivery decreased sharply by 24 USD/ton, to 2,232 USD/ton, and the price for November 2022 delivery decreased by 24 USD/ton, to 2,239 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for September 2022 delivery decreased by 3.80 cents/lb, to 223.95 cents/lb, and for December 2022 delivery decreased by 4.05 cents/lb, to 220.70 cents/lb. The world coffee market fell in price, becoming the second consecutive session of the week. According to experts, the indicators all show that the momentum of the price decrease is still there, so it is forecasted that in the short term, the price of Robusta coffee will continue to adjust down with the support zone. This week, the world coffee price tends to continue to decrease slightly. It is forecasted that, in the most positive conditions, the price will be maintained as last week. In addition, the global coffee market is facing the risk of supply deficit due to the dry weather in Brazil affecting production. In Colombia, the country is also struggling to restore coffee gardens after the devastation of heavy rains. The domestic coffee market continues to decrease in price following the world’s downward trend. With this downward trend, domestic coffee prices have lost the 48,000 VND/kg mark. At ports in Ho Chi Minh City, grade 2 robusta coffee exports, with a 5% black and broken rate, are trading at 2,310 USD/ton, a difference of +55 USD/ton, down 24 USD/ton (equivalent to a decrease of 1.0%) compared to August 29, 2022. The Vietnam Coffee and Cocoa Association (Vicofa) predicts that coffee export prices will continue to increase in the last months of the year. If coffee export prices remain high, the coffee industry can still set a record turnover of 4 billion USD in 2022. At the same time, in the next 10 years, coffee export turnover is likely to reach 5-6 billion USD, nearly double the current level. #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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