Coffee prices today September 30, 2022 | Latest coffee price market information

Coffee prices today September 30, 2022 | Latest coffee price market information Coffee prices today September 30, 2022 in the world and domestic markets decreased simultaneously. In which, domestic coffee prices decreased by 400 VND/kg, to 46,500 – 46,900 VND/kg. In the world market, coffee prices today decreased simultaneously on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery decreased sharply by 26 USD/ton, down to 2,182 USD/ton. Meanwhile, coffee prices for January 2023 delivery on this floor decreased slightly by 23 USD/ton, to 2,175 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for December 2022 delivery decreased slightly by 3 cents/lb, to 225.7 cents/lb. For March 2023 delivery, the price of coffee on this floor is also decreasing slightly by 2.75 cents/lb, to 216.85 cents/lb. The world coffee market turned around and decreased immediately after a slight increase yesterday. This week, world coffee prices have fluctuated continuously. Experts say that the reason for this continuous increase and decrease is due to the unstable US Dollar Index (DXY) and USD exchange rate. In the early morning session, the DXY index decreased by 0.84%, to 111.77. However, this threshold is still very high in the past 20 years. US GDP growth is forecast to decrease to 1.6% from the forecast of 3.9% given in April 2022. The downward adjustment reflects the Fed’s more aggressive tightening of monetary policy to deal with the rising inflation. Concerns that the Fed will continue to raise interest rates have made investors hesitant and stay out of the market. The market’s concerns about a global economic recession are still persistent, and the increasing cost of borrowing USD is putting pressure on commodity prices. Yesterday, the Brazilian currency also decreased, stimulating strong selling of Arabica coffee, leading to the price of this coffee commodity reversing downward. Robusta coffee brokers in particular and commodities in general are still under pressure to decrease in the short term, but it is not excluded that there will be a recovery adjustment because the USD has increased strongly and is overbought compared to the basket of currencies and commodities. Just recovering, the domestic coffee market today turned down. This decrease has caused the domestic coffee price to fall below the threshold of 47,000 VND/kg. #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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