Update Coffee Market Price Today on Sept 25th, 2023

UPDATE COFFEE MARKET PRICE TODAY on Sept 25th, 2023 

At the end of last week's trading session, the price of Robusta coffee in London for delivery in November 2023 decreased by 3 USD/ton, at 2,461 USD/ton, for delivery in January 2024, down 9 USD/ton, at 2,369 USD/ton.

On the New York floor, the price of Arabica coffee delivered in December 2023 decreased by 3.7 cents/lb, at 151.15 cents/lb, for delivery in March 2024 decreased by 3.8 cents/lb, at 152.25 cents. /lb.

Last week, the London market had 4 decreasing sessions and 1 increasing session. The price of Robusta coffee for November delivery decreased by a total of 95 USD, equivalent to 3.72%, and for January 2024 delivery by a total of 35 USD, equivalent to 1.46%, very significant decreases. Similarly, the New York market had 3 decreasing sessions and 2 increasing sessions. Arabica coffee futures for delivery in December decreased by a total of 8.00 cents (5.03%), and futures for delivery in January 2024 decreased by a total of 7.50 cents (4.69%), quite sharp drops. The highlight of the week is the report of the results of Brazil's third crop survey, with forecasts to adjust this year's output by 0.3 million bags compared to the previous survey. This result has had a negative impact on world coffee futures markets. The Fed kept the current interest rate unchanged and expressed a tough stance, causing increased risk concerns, causing funds and speculation to step up the liquidation of net positions on commodity exchanges in general. DXY increased sharply to a high level, pushing the market to lose purchasing power because commodity prices have become too expensive. In addition, Robusta coffee inventory on the London floor as of Friday, September 22 increased by 4,160 tons, an increase of 10.74% compared to a week earlier, registering at 42,890 tons (about 714,833 bags), 60 kg bag), recorded a very strong increase, mainly from this year's new crop supply from Brazil. The above information pushed coffee to fall sharply this week, the domestic market therefore also lost nearly 1,000 VND/kg. Commenting on the market this week, experts said that the two exchanges had net sold quite a lot in 3 consecutive sessions last week, so the market's downward direction will not be strong. The 2 exchanges will adapt to last week's unfavorable information. Robusta will return to supply concerns from now until the end of the year and is likely to recover this week.

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