Coffee prices today October 12, 2022 | Latest coffee price market information

Coffee prices today, October 12, 2022, in the world and domestic markets increased simultaneously. In particular, domestic coffee prices increased by 200 VND/kg, to 46,600 – 47,100 VND/kg. In the world market, coffee prices today increased slightly on 2 major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery increased slightly by 8 USD/ton, to 2,166 USD/ton. And coffee prices for January 2023 delivery on this floor also increased by 6 USD/ton, to 2,160 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery also increased slightly by 0.4 cents/lb, to 217.85 cents/lb. For March 2023 delivery, coffee prices on this floor are also slightly increasing by 0.3 cents/lb, to 207.95 cents/lb. Today, the world coffee market increased again on the closing day of business positions, along with the prices of gold and crude oil. The USD continues to rise and is restraining the increase of coffee. This morning, the US Dollar Index (DXY) increased slightly by 0.13%, reaching 113.28. However, according to records, the lowest decrease in standard inventories in 23 years helped Arabica coffee recover slightly in the last session. Currently, investors are waiting for the US economic index reports to be released this week. In particular, the report on inflation index, producer price index (PPI) and the announcement of the minutes of the most recent Fed meeting will help investors see more clearly the Fed’s next move. Brazil’s coffee inventories are forecast to fall to just 7 million 60kg bags by March 2023, an all-time low. Even at their most optimistic, analysts say the South American country’s coffee inventories could only hover around 9-12 million bags. Brazil’s low coffee supply has created a global shortage, meaning coffee prices could rise further amid persistent food inflation. #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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