Coffee prices today October 18, 2021 | Latest coffee price market information

Coffee prices today, October 18, 2022, in the world market fluctuated in opposite directions. Domestically, coffee prices decreased slightly by 100 VND/kg, to 44,400 – 45,000 VND/kg. In the world market, coffee prices today increased and decreased in opposite directions on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery increased slightly by 3 USD, to 2,061 USD/ton. However, coffee prices for January 2023 delivery on this floor are decreasing by 6 USD. to 2,045 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery decreased slightly by 1.15 cents; to 195.55 cents/lb. For March 2023 delivery, coffee prices on this floor are also decreasing by 1.65 cents; down to 191.35 cents/lb. The world coffee market has yet to recover despite a sharp drop in the US dollar. The reason is that the market is approaching the closing date for business positions, so hedge funds are selling heavily. Arabica coffee prices continue to fall due to rainfall in Brazil’s main Arabica coffee growing region, Minas Gerais, reaching 62.9 mm last week, equivalent to 243% of the historical average. Good rain at the beginning of the season promises a good yield. Increased supply has put further downward pressure on Arabica coffee prices, in addition to the strength of the US dollar. The domestic coffee market today is slightly down in some places due to pressure from abundant supply and the increase in the US dollar, which is making exports difficult. According to the General Department of Customs, Vietnam exported 1.73 million tons of coffee in the 2021/2022 crop year ending September 30. This is the highest increase in the past 4 years. In addition, our country is also entering a new crop season, so the pressure on Robusta coffee prices is also increasing. #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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