Coffee prices today November 18, 2022 | Latest coffee price market information

Coffee prices today, November 18, 2022, in the world market fluctuated in opposite directions. Meanwhile, domestic coffee prices increased slightly by 300 VND/kg, to 39,300 – 39,700 VND/kg. In the world market, coffee prices today fluctuated in opposite directions on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for January 2023 delivery turned sharply up by 26 USD/ton (equivalent to 1.45%), to 1,818 USD/ton. And coffee prices for March 2023 delivery on this floor increased by 16 USD/ton (equivalent to 0.90%), to 1,794 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for December 2022 delivery fell sharply by another 2.75 cents/lb (equivalent to 1.77%), to 152.70 cents/lb. For March 2023 delivery, the price of coffee on this floor fell by 2.05 cents/lb (equivalent to 1.29%), to 156.35 cents/lb. The world coffee market continued to fall sharply on the New York floor, but turned around and increased sharply on the London floor. The reason why Robusta coffee prices increased while Arabica coffee prices continued to decrease was because inventories on the London floor were decreasing, while inventories in New York were still increasing. As of November 16, 2022, ICE-certified reserves had increased to 485,369 bags, much higher than the 23-year low of 382,695 bags set on November 3. There are currently 577,099 bags of coffee waiting to be sorted. According to observers, the world coffee market has been falling in price over the past two months due to good coffee export volumes from Brazil and continued rains in major coffee growing regions in the Southern Hemisphere. And creating conditions for an expected increase in supply. In addition, inflation remains high along with sharp increases in monetary interest rates, causing coffee consumption to remain low. Domestic coffee prices have recovered slightly and have returned to the 39,000 VND/kg mark. Previously, the domestic market was concerned that this agricultural product would continue to decrease due to abundant supply. According to statistics from the General Department of Customs, Vietnam’s coffee exports in October 2022 reached 79.83 thousand tons, worth 206.85 million USD. Compared to September 2020, it is down 13.7% in volume and 8.5% in value. And down 19.6% in volume and down 4.8% in value compared to October 2021. In the first 10 months of 2022, Vietnam’s coffee exports reached approximately 1.42 million tons, worth 3.28 billion USD, up 10.8% in volume and up 33.7% in value over the same period in 2021. In October 2022, the average export price of Vietnam’s coffee reached 2,591 USD/ton, up 6.1% compared to September 2022 and up 18.4% compared to October 2021. In the first 10 months of 2022, the average export price of Vietnamese coffee reached 2,300 USD/ton, an increase of 20.6% over the same period in 2021. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #coffee_price #coffee_price #agriculture #nhanong #mientay #lamdong_coffee_price #edaklak_coffee_price #daknong_coffee_price #gialai_coffee_price #kontum_coffee_price #worldwide_coffee_price

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