Coffee prices today August 10, 2022 | Latest coffee price market information

Coffee prices today, August 10, 2022, in the world and in the country continued to increase strongly. Domestic coffee prices increased by 700 VND/kg, to 45,400 – 45,900 VND/kg. In the world market, coffee prices today continued to increase on both major trading floors. At the end of the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery increased by 22 USD/ton to 2,095 USD/ton, and for November 2022 delivery increased by 26 USD/ton to 2,100 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery increased by 0.9 cents/lb, to 212.75 cents/lb, and for December 2022 delivery increased by 0.45 cents/lb, to 209 cents/lb. The world coffee market increased sharply when the standard inventory of the two floors was at a low level. In addition, the falling USD also helped the coffee market’s upward momentum continue. Currently, the price of Robusta coffee has reached the 2,100 USD/ton mark. However, speculators are speculating that the Fed will continue to raise the basic interest rate in the near future. According to the report data, short-term speculation has turned into a strong net buying position last week, pushing the price of Robusta coffee on the London floor to a high level. For Arabica coffee, the inventory of coffee meeting the ICE floor continued to decrease, reaching 630,304 bags on Monday. In addition, the main Arabica coffee growing region of Brazil, Minas Gerais, did not receive any rain last week, raising concerns about drought leading to frost. The above information helped Arabica coffee increase, but the market is still closely observing the weather situation in Brazil during this period. Domestic coffee prices continued to increase for the second session today. In the past two days alone, domestic coffee prices have increased by VND1,000/kg. As a result, domestic coffee prices are approaching the VND46,000/kg mark. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #cafe_price #coffee_price #agriculture #nhanong #mientay

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