Coffee prices today August 13, 2022 | Latest coffee price market information

Coffee prices today, August 13, 2022, in the world and in the country continue to increase. Currently, domestic coffee prices have increased by 700 VND/kg, to 48,500 – 49,000 VND/kg. In the world market, coffee prices today continue to increase on both major exchanges. At the end of the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery increased by 36 USD/ton to 2,252 USD/ton, and for November 2022 delivery increased by 38 USD/ton to 2,261 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery increased by 2.65 cents/lb, to 226.6 cents/lb, and for December 2022 delivery increased by 2.85 cents/lb, to 222.4 cents/lb. The world coffee market continued to have another session of price increases. Robusta coffee prices rose to a 7-month high, while Arabica coffee prices were at a 1.5-month peak. The buying power of speculative funds remained strong as inventories reached standards on both exchanges, continuing to be the main factor driving up coffee prices. In addition, the increase in the Brazilian Real exchange rate, along with information about unfavorable weather in growing regions, helped Arabica coffee recover strongly. Observers said that coffee futures prices continued to increase after some optimistic US economic growth reports showed signs of deflation, especially the weakening of crude oil prices, which prompted funds and speculators on the two coffee derivative exchanges to buy heavily. #coffee_price #coffee_price_today #latest_coffee_price #standard_coffee_price #coffee_price_trend #cafe_price #coffee_price #agriculture #nhanong #mientay

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