Coffee prices today November 19, 2022 | Latest coffee price market information

Coffee prices today, November 19, 2022, in the world and domestic markets both decreased. In particular, domestic coffee prices decreased by 200 VND/kg, to 39,000 – 39,500 VND/kg. In the world market, coffee prices today decreased slightly on both major exchanges. In the latest trading session, Robusta coffee prices on the London exchange for January 2023 delivery decreased slightly by 7 USD/ton (equivalent to 0.39%), to 1,811 USD/ton. And the coffee price for March 2023 delivery on this exchange also decreased by 7 USD/ton (equivalent to 0.39%), to 1,787 USD/ton. Meanwhile, the price of Arabica coffee on the New York floor for delivery in December 2022 is still falling, down another 1.4 cents/lb (equivalent to 0.92%), to 151.3 cents/lb. For the delivery period in March 2023, the price of coffee on this floor decreased another 1.25 cents/lb (equivalent to 0.80%), to 155.1 cents/lb. The world coffee market decreased slightly and both floors are at their lowest prices in the past 16 months. After only one session of slight recovery, Robusta coffee prices continued to decline. Meanwhile, Arabica coffee prices continued to be under pressure from the domestic currency, as the direction of the largest economy in South America encouraged farmers to increase the sale of new crop coffee while it was profitable. In addition, Arabica coffee prices were also affected by the October inventory report, which increased by 5.8% compared to the same period last year. Domestic coffee prices, which had just recovered, had to turn around and slightly decrease, in the context of the ongoing harvest. The Vietnam Coffee and Cocoa Association said that the tightening of credit has caused coffee businesses in the right season to not receive credit from banks and face many difficulties. In addition, the current high interest rates mean that businesses are buying coffee as soon as they use it, not storing it like in previous years. This has led to coffee prices being squeezed. Vice President of the Vietnam Coffee and Cocoa Association Thai Nhu Hiep predicted that the higher the interest rate, the lower the coffee price will be. If the coffee price is below 40,000 VND/kg, growers will not make much profit. The reason is that this year the cost of materials is very high, the cost of labor is also high, and the interest rate is also high. Moreover, without credit, businesses are not interested in buying goods for storage. Every year, banks lend businesses capital to buy goods, but this year there is no money to buy coffee, leading to a great dependence on the export market. #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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