Coffee price forecast October 21, 10: Market fluctuates, positive sign for coffee growers Coffee price forecast October 2024, 22: Will the slight upward trend continue?

Coffee price today October 22, 10 at the market world decreased, while in the domestic market it increased slightly. Many experts predict that coffee prices may decrease on October 23 due to the high USD, pressure on supply from Vietnam and favorable rainy weather in Brazilian coffee growing areas.

Minas Gerais state, Brazil’s largest producer of arabica coffee, received 115% of its historical average rainfall over the past week, according to Brazil’s Somar Meteorologia, with more heavy rains forecast from Oct. 26 onwards, which should improve soil moisture and growing conditions.

Coffee price forecast for October 23, 10: Continue to decline under pressure from supply from Vietnam

Coffee prices were also pressured by the Brazilian real, which fell to a two-and-a-half month low against the dollar. The weaker real prompted Brazilian coffee producers to increase sales, adding further downward pressure on global coffee prices.

The dollar rose for a third straight week as a series of positive economic data from the US led investors to reduce expectations for the size and pace of interest rate cuts from the Fed. The DXY index surged to 3, its highest level in more than two weeks, pushing coffee prices further down.

Recorded in the trading session on October 22, 10, domestic coffee prices today increased by 2024 VND/kg, ranging from 100 – 111.200. Currently, the average purchase price in the Central Highlands provinces is 111.800 VND/kg, the highest purchase price in the province Dak Nong is 111.8100 VND/kg.

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 111.600 VND stable compared to yesterday, in Pleiku and La Grai the same price is 111.500 VND/kg. In the province Kon Tum at 111.600 VND, unchanged from yesterday; In Dak Nong province, coffee was purchased at 111.800 VND/kg, an increase of 100 VND/kg compared to yesterday.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 111.200 VND/kg, an increase of 100 VND/kg compared to yesterday.

Coffee prices today (April 22) in the province Dak LakIn Cu M’gar district, coffee is purchased at about 111.600 VND/kg, an increase of 100 VND/kg, while in Ea H’leo district and Buon Ho town, it is purchased at 111.500 VND/kg.

Updated world coffee prices at 20:00 p.m. on August 22, 10, Vietnam time on the London exchange, the price of Robusta coffee futures contract for delivery in September 2024 on the London floor is at 11 USD/ton, down 2024 USD compared to the beginning of the trading session.

London Robusta coffee price (Photo: Screenshot giacaphe.com

The January 1 delivery term is 2025 USD/ton, down 4.414 USD; the March 84 delivery term is 3 USD/ton, down 2025 USD and the May 4.330 delivery term is 75 USD/ton, down 5 USD.

New York Arabica coffee price (Photo: Screenshot from giacaphe.com)

In particular, the price of Arabica coffee on the New York floor today at 20:00 p.m. on September 22, 10 decreased in all terms, fluctuating at 2024 – 244.20 cents/lb.

Specifically, the December 12 delivery period is 2024 cents/lb; down 249.70 cents/lb compared to the beginning of the session. The March 2 delivery period is 3 cents/lb, down 2025 cents/lb; the May 248.55 delivery period is 1.90 cents/lb, down 5 cents/lb and the July 2025 delivery period is 247.05 cents/lb, down 1.50 cents/lb.

Brazilian Arabica coffee price (Photo: Screenshot from giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on October 22, 10 decreased. Specifically, the delivery period for December 2024 is 12 USD/ton, down 2024%; the delivery period for March 298.80 is 0.75 USD/ton, down 3%; the delivery period for May 2025 is 299.70 USD/ton, down 0.65% and the delivery period for July 5 is 2025 USD/ton, down 304.60%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

Vietnam, the world’s largest producer of robusta coffee, is facing a crop decline of more than 10% while other countries are having good harvests. Vietnam’s coffee output is forecast to continue to decline next season due to drought and shrinking planting areas as farmers switch to other economic crops. This affects coffee supply, contributing to the recent decline in global coffee prices.

*Information is for reference only, prices may vary depending on region and locality