Coffee prices today September 7, 2022 | Latest coffee price market information

Coffee prices today, September 7, 2022, in both domestic and world markets increased slightly. Currently, domestic coffee prices increased by 300 VND/kg, at 47,500 – 48,100 VND/kg. inventory. In the world market, coffee prices today increased again on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery increased sharply by 45 USD/ton, at 2,257 USD/ton; for November 2022 delivery increased by 45 USD/ton, to 2,262 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery increased by 1.25 cents/lb, to 233.9 cents/lb; December 2022 delivery increased by 1.45 cents/lb to 230.25 cents/lb. The world coffee market turned to increase again on both major exchanges in the closing session of business positions. Speculators rebalanced capital flows after continuous selling in previous weeks. London coffee was partly positively affected by the transfer of power of the British government. Meanwhile, Arabica coffee achieved positive results thanks to the New York floor standard coffee inventory as of September 5 reaching 670,681 bags, slightly down from 672,585 recorded the previous day. In addition, Arabica production in the South American region is generally being recorded and forecasted to be lower than the previous period. This is a factor supporting Arabica coffee prices during the period when currency factors are dominating commodity prices. For example, in Colombia, the world’s second largest producer of Arabica coffee, reports show that in August 2022, coffee output reached 949,000 bags, up 4% compared to the previous month, and in the first 8 months of the year, it reached 7.3 million bags, down 7% over the same period. As for Robusta coffee, the US Department of Agriculture (USDA) estimates that Vietnam’s 2022/23 crop year will reach 30.9 million bags, down 2.2% compared to this crop year. Along with that, Rabobank has reduced its forecast for global coffee output in the next crop year 2022/23. Although this year’s weather is favorable for coffee trees to grow and produce high yields, VICOFA still expects Vietnam’s coffee output in the next crop year to decrease by about 10% (due to nearly 200,000 hectares of intercropped coffee reducing productivity and output, causing the country’s coffee output to decrease accordingly). #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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