Coffee price today August 29, 2022 | Rice market price information today

Coffee prices today, August 29, 2022, in the world and in the country remained stable. Last week, domestic coffee prices fluctuated strongly, but increased slightly by 300 VND/kg compared to the previous week. In the world market, coffee prices today remained stable on two major trading floors. In the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery decreased by 34 USD/ton to 2,281 USD/ton, and November 2022 delivery decreased by 33 USD/ton to 2,279 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery decreased by 1.4 cents/lb to 242 cents/lb, and December 2022 delivery decreased by 1.4 cents/lb to 238.1 cents/lb. Last week, the world coffee market fluctuated in opposite directions. Robusta coffee prices in London for September 2022 delivery increased by 55 USD/ton; while Arabica coffee prices for September 2022 delivery decreased by 26.85 cents/lb. Last week, information about drought in the main coffee regions of Southeast Brazil; USDX climbing; low inventories on the two exchanges continued to be factors that increased coffee prices. Meanwhile, the US Federal Reserve (Fed) affirmed that it would aggressively raise interest rates. Fears of increased risks have caused US stocks and many commodities to decline, and speculative capital flows to safe-haven assets. The above developments caused world coffee trading to decline over the last two days of the week. This week, the Fed is expected to raise interest rates, and the US unemployment report for August 2022. This information will strongly impact coffee prices in the coming time. Last week, the domestic coffee market fluctuated strongly. At one point, domestic coffee prices approached the threshold of 51,000 VND/kg, but then fell sharply and are currently below the threshold of 49,000 VND/kg. #rice price #agriculture #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham

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