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

Domestic coffee prices today, September 27, remained unchanged compared to yesterday. Currently, domestic coffee prices fluctuate at 47,300 – 47,900 VND/kg. For the world coffee market, coffee prices on both exchanges recorded red. At the end of the trading session, Robusta coffee prices on the London exchange for November delivery had a weekend session of price reduction due to the strong increase in the USD, down 6 USD (-0.27%), closing price at 2,232 USD/ton. Similarly, Arabica coffee prices on the New York exchange followed the downward trend. Arabica coffee futures for December 2022 had a weekend session of price reduction, in line with the red of world commodities, down 3.10 cents (-1.39%), closing price of the previous session at 220.45 cents/lbs. Coffee prices on both exchanges decreased partly because speculative money continued to flee to the US dollar, partly because of concerns that the economic recession would reduce demand as consumers tighten their spending. New York-standard coffee inventories continued to decline at 485,408 bags, the lowest level in 23 years. According to the Conab Agricultural Supply and Forecast Company – Brazil, Brazil’s Arabica coffee output in the 2022-2023 crop year is forecast to reach 32.41 million bags, up 3.1% compared to the previous crop. According to analysts, prices are accumulating sideways in the range of 215-235. In the short term, prices are expected to remain under pressure to fall to 210-212, and in the worse case scenario, they will test the 203-205 range. On the sidelines, the Organizing Committee of the 8th Buon Ma Thuot Coffee Festival in 2023 has just issued a plan to organize a Video Clip Contest introducing Buon Ma Thuot coffee within the framework of the 8th Buon Ma Thuot Coffee Festival in 2023. The contest aims to select the best video clip to introduce Buon Ma Thuot coffee for use in information and communication work on the 8th Buon Ma Thuot Coffee Festival in 2023 and in programs to promote, propagate and introduce Buon Ma Thuot coffee products at home and abroad. In addition, through the contest, it aims to promote the ability and creativity of organizations, collectives and individuals, contributing to promoting Buon Ma Thuot coffee, honoring the enthusiasm and pride of the homeland of Dak Lak with rich identity; raise awareness, sense of responsibility and creativity of the social community in developing Buon Ma Thuot coffee production in line with the development orientation of the province with the goal: “Buon Ma Thuot – Destination of world coffee”. The time to participate in the Competition starts from September to December 30, 2022, the judging time is from January 1, 2023 to January 10, 2023. The total prize is up to hundreds of millions of VND. #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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