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

Coffee prices today, August 18, 2022, in the world and domestic markets continued to decrease. In particular, domestic coffee prices decreased to 47,900 – 48,400 VND/kg. In the world market, coffee prices today continued to decrease on both major trading floors. At the end of the latest trading session, Robusta coffee prices on the London floor for September 2022 delivery decreased by 7 USD/ton to 2,217 USD/ton, and for November 2022 delivery decreased by 4 USD/ton to 2,224 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for September 2022 delivery decreased by 1.9 cents/lb to 217.45 cents/lb, and for December 2022 delivery decreased by 1.9 cents/lb to 214.4 cents/lb. The world coffee market has had a second consecutive session of decline as investors worry about the recession of the Chinese economy, and wait for the latest news that will affect the Fed’s adjustment of monetary interest rates. Accordingly, the report on US retail sales and the minutes from the Fed’s July meeting will be released today. According to the inventory report on the New York Stock Exchange, the amount of coffee here continues to decrease, but the amount of Arabica coffee awaiting quality inspection continues to increase. This has caused the price of Arabica coffee to reverse and decrease. In addition, the USD is strengthening, speculators sell off capital balances on the business closing day, negatively affecting the current coffee price. Fitch Solutions predicts that Arabica coffee prices will be under pressure due to slowing global growth, causing demand to weaken, from the expected increase of 4.1% in global production in the 2022/23 crop year. The price of this coffee item will be around 200 cents/lb for the rest of 2022. As for Robusta coffee, the demand for this item is increasing while the supply at the end of the season is not much. Domestic coffee prices are still high, far exceeding the previous expectation of 45,000 VND/kg. At times, the domestic coffee market increased sharply, approaching the 50,000 VND/kg mark – the highest level since 2011. Experts predict that domestic coffee prices will continue to stay high until Vietnam enters the new harvest at the end of this year. #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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