Coffee prices today September 29, 2022 | Latest coffee price market information

Coffee prices today, September 29, 2022, in the world and domestic markets increased simultaneously. In particular, coffee prices increased by 400 VND/kg, at 46,800 – 47,400 VND/kg. In the world market, coffee prices today increased simultaneously on both major trading floors. In the latest trading session, Robusta coffee prices on the London floor for November 2022 delivery increased sharply by 25 USD/ton, to 2,250 USD/ton. Meanwhile, coffee prices for January 2023 delivery on this floor increased slightly by 16 USD/ton, to 2,194 USD/ton. Meanwhile, Arabica coffee prices on the New York floor for December 2022 delivery increased slightly by 4.35 cents/lb, to 228.7 cents/lb. For March 2023 delivery, coffee prices on this floor are also slightly increasing by 3.3 cents/lb, to 219.6 cents/lb. The world coffee market has turned to increase again after a period of decline due to the hot increase of the USD. The slight decrease in the USD yesterday has created an opportunity for the agricultural market, including coffee, to recover. In addition, coffee prices on the New York floor are also supported by low inventories of this commodity. Standard Arabica coffee inventories on the New York floor as of September 27 continued to be recorded to decrease at 448,775 bags. The market is continuing to monitor rainfall in Brazil’s coffee growing areas this week, with forecasts that it may receive good and favorable rainfall. Heavy rains in the last days of September 2022 have promoted the flowering of coffee trees in Brazil. Heavy rains have provided suitable moisture for simultaneous flowering, thereby promoting a high rate of bean set. This is the second flowering period in Brazil and is also the main flowering period, determining the output in the following year. As for Robusta coffee, after the first two sessions of the week plummeted, the London market has had a correction, regaining what was lost in the previous session. In addition to being supported by the New York floor, Robusta prices also benefited from a weaker USD and a slight decrease in coffee-standard inventories, reaching 94,350 tons (on September 27). Domestic coffee prices have recovered following the world’s upward trend, ending a series of two consecutive days of decline. #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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