Coffee prices today October 27, 2022 | Latest coffee price market information

Coffee prices today, October 27, 2022, in the domestic and world markets have dropped sharply. In particular, domestic coffee prices have dropped by 1,400 VND/kg, down to 40,900 – 41,500 VND/kg. In the world market, coffee prices today have dropped sharply on both major exchanges. In the latest trading session, Robusta coffee prices on the London exchange for January 2023 delivery fell by 73 USD/ton, down to 1,875 USD/ton. And coffee prices for March 2023 delivery on this exchange are also falling sharply by 69 USD/ton, down to 1,864 USD/ton. Meanwhile, Arabica coffee prices on the New York exchange for December 2022 delivery fell sharply by 6.05 cents/lb, to 179.75 cents/lb. For March 2023 delivery, coffee prices on this floor also decreased by 5.2 cents/lb, trading at 177.3 cents/lb. The world coffee market today fell even more sharply despite the downward trend of the USD. The reason is that the market is worried that rising global inflation will affect consumption. Cash flow in banks is fluctuating strongly, thus creating downward pressure on coffee. In addition, the loosening of the currencies of Vietnam and Brazil means that the two largest coffee producers in the world will increase sales. Along with that, favorable weather information in the main coffee regions in southern Brazil also contributed to the rare decline in Arabica coffee prices in New York. The prospect of abundant supply at the beginning of the new coffee crop year 2022/2023 has prompted funds and speculators to aggressively sell off, amid concerns that the global economic recession will cause a decline in coffee consumption. The domestic coffee market has continuously decreased recently due to the high USD, weak consumption and especially abundant supply as our country is entering the harvest season. #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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