Coffee prices today October 7, 2022 | Latest coffee price market information

Domestic coffee prices today, October 7, fluctuated at 46,600 – 47,000 VND/kg, up 100 VND/kg compared to yesterday (October 6). For the world coffee market, coffee prices recorded red on both exchanges. At the end of the trading session, Robusta coffee prices on the London futures exchange for November 2022 delivery had a sharp decrease of 30 USD (-1.2%), closing price at 2,143 USD/ton. Robusta inventories meeting London standards continued to increase, reaching 94,900 tons as of October 3. Arabica coffee prices on the New York futures exchange for December 2022 delivery continued to decrease by 5.55 cents (-2.47%), closing price of the previous session at 219.1 cents/lbs. According to some experts, the global coffee industry will face difficulties in the short term, due to economic recession and slow consumption demand. This week, world coffee prices tend to continue to decrease slightly. It is forecasted that, in the most positive conditions, prices will remain the same as last week. At the same time, affected by world coffee prices, domestic coffee prices this week are expected to remain stable, however, the possibility of a decrease is not high due to the small amount of coffee reserves. The General Statistics Office of Vietnam estimates that coffee exports in September 2022 will reach 100,000 tons (about 1.66 million bags), down 3% over the same period last year. However, the cumulative coffee export turnover for the 2021/2022 crop year increased by 6.14% over the previous crop year. Vietnam’s total coffee export turnover in the first 9 months of the year reached 3.1 billion USD (up 37.6% over the same period last year). The Coffee – Cocoa Association (Vicofa) predicts that if the export price of coffee remains high, the Vietnamese coffee industry will set a record export milestone of 4 billion USD in 2022. For more information, Dak Lak province has just started promoting the Buon Ma Thuot Coffee Festival 2023, launching a video clip contest with the theme “Stories about Buon Ma Thuot coffee”. With the theme “Stories about Buon Ma Thuot coffee”, the video clips introducing Buon Ma Thuot coffee are not limited in space and time, and must not exceed 5 minutes in duration. The contest will take place from now until the end of December, with a total prize of more than 600 million VND. The works participating in the contest will be used to serve the communication and promotion of Buon Ma Thuot coffee, the land and people of Dak Lak and the Buon Ma Thuot Coffee Festival. #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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