Coffee prices today September 28, 2022 | Latest coffee price market information

Coffee prices today, September 28, 2022, in the world market are still fluctuating in opposite directions. Domestically, coffee prices decreased by another 400 VND/kg, down to 46,400 – 47,000 VND/kg. In the world market, coffee prices today are still fluctuating in opposite directions on 2 major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery fell sharply by 24 USD/ton, to 2,180 USD/ton. Meanwhile, coffee prices for January 2023 delivery on this floor decreased by 18 USD/ton, down to 2,178 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery increased slightly by 0.55 cents/lb, to 224.35 cents/lb. For March 2023 delivery, the coffee price on this floor is decreasing by 0.2 cents/lb, to 216.3 cents/lb. The world coffee market continues to fluctuate in opposite directions. In particular, the price of Robusta coffee on the London floor has continuously decreased in the first two sessions of this week. The reason is that the British government has strongly cut taxes and the country’s central bank (BoE) is expected to increase interest rates further at the next meeting in November, after increasing by 0.5% to 2.25%/year on September 22. The above information caused the London market to fluctuate quite strongly, British bonds were sold off in the last session and the value of the British Pound is currently falling to a record low, equivalent to the USD. This has pulled the price of coffee on the London floor down from the mark of 2,200 USD/ton. As of September 23, the inventory of coffee standards on the London floor increased slightly, reaching 94,380 tons. The market is still watching how Typhoon Noru affects Vietnam’s coffee growing areas. Meanwhile, Arabica coffee prices have increased, as commodity funds have rebalanced their speculative capital due to concerns that interest rates will continue to rise in the last quarter of the year. New York-listed coffee inventories as of September 26 continued to decline to 460,387 bags, the lowest level in 23 years. Similar to Robusta coffee, both Arabica coffee producers and investors are continuing to monitor rainfall in Brazil’s coffee growing areas this week, with forecasts that they may receive good and favorable rainfall. Domestic coffee prices continued to decline for the second consecutive session this week, following the decline of the London exchange. It can be seen that this is a continuous weakening of the domestic coffee market after setting a peak this year in early August 2022. Remember, there was a time when the domestic coffee purchase price approached 51,000 VND/kg. #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

source