Coffee prices today October 26, 2022 | Latest coffee price market information

Coffee prices today, October 26, 2022, continued to decrease. In particular, domestic coffee prices decreased by another 100 VND/kg, down to 42,300 – 42,900 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 slightly by 5 USD/ton, down to 1,948 USD/ton. And coffee prices for January 2023 delivery on this floor are also decreasing by another 6 USD/ton, down to 1,933 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery decreased sharply by 4.6 cents/lb, to 185.8 cents/lb. For March 2023 delivery, the coffee price on this floor also decreased by 2.45 cents/lb, trading at 182.5 cents/lb. The world coffee market continued to decrease today due to entering the closing date of business positions. In particular, Arabica coffee prices fell to the lowest level in the past 13 months, while Robusta coffee fell to the lowest level in the past 13 weeks. Coffee prices continued to decline as commodity funds and investors continued to liquidate net positions due to increasing monetary interest rate pressure, and the possibility of a global economic recession lasting until the end of 2023. Pressure on the London floor was also affected. Vietnam has officially entered the harvest of the new crop of the 2022/2023 coffee crop with an estimated output of more than 30 million bags, which will be brought to the market in about 5-7 weeks. In addition, the inventory of qualified Robusta coffee on the London floor also increased by 390 tons to 89,810 tons as of October 20. The inventory of qualified coffee on the New York floor as of October 21 decreased, reaching 23,435 tons. Information estimating an upcoming bumper crop in Brazil is still smoldering, restraining the recovery of Arabica coffee prices. This is also the excuse of speculators to push prices down. Therefore, Arabica coffee prices have continuously decreased and have not been able to recover in recent times. The domestic coffee market has had a second session of decline. With a loss of nearly 1,000 VND/kg after 2 consecutive sessions of decline, domestic coffee prices have not been able to maintain the level of 43,000 VND/kg. Pressure from the rising USD and abundant supply are the factors that have caused this agricultural product to continuously “go down” and not be able to recover. #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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