Coffee prices today October 4, 2022 | Latest coffee price market information

Domestic coffee prices today, October 4, fluctuated at 46,100 – 46,500 VND/kg, unchanged from yesterday (October 3). For the world coffee market, coffee prices on the two exchanges today, October 4, continued to record “red”. At the end of the trading session, Robusta coffee prices on the London exchange for November 2022 delivery ended the weekly trading session in red, down 29 USD (-1.33%), closing price at 2,153 USD/ton. Robusta inventories meeting London standards as of September 28 decreased by 70 tons to 93,960 tons. Similarly, Arabica coffee prices on the New York exchange for December 2022 delivery continued to decline, down 4.15 cents (-1.84%), closing price of the previous session at 221.55 cents/lbs. New York-standard coffee inventories as of September 28 decreased to 444,699 bags. Inventory information also does not greatly affect Arabica coffee prices when in general, coffee prices on both exchanges are influenced by monetary factors, specifically the continuous increase in the strength of the US dollar. According to the Ministry of Agriculture and Rural Development, in the first 9 months of 2022, agricultural product consumption and market development activities have expanded. The total import and export turnover of agricultural, forestry and fishery products in the first 9 months reached about 74.7 billion USD, an increase of 10.7% over the same period last year. To date, there are 7 products/product groups with an export value of over 2 billion USD (coffee, rubber, rice, vegetables, cashews, shrimp, wood products). In particular, coffee reached 3.1 billion USD (up 37.6%) over the same period last year. The Coffee – Cocoa Association (Vicofa) forecasts that if coffee export prices remain high, the Vietnamese coffee industry will set a record export milestone of 4 billion USD in 2022. #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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