World coffee and pepper markets on March 23 where world coffee prices fell after the Fed's decision to raise interest rates

Published 2023년 3월 23일

Tridge summary

The article reports a slight decrease in both domestic and international coffee prices, with Robusta coffee seeing a larger decline. The US Federal Reserve's monetary policy decision to raise the USD operating interest rate by 0.25% contributed to this decrease. Meanwhile, pepper prices in the domestic market remained stable. The Vietnam Pepper and Spices Association predicts challenges for pepper exports in 2023 due to inflation and the financial crisis, but the reopening of the Chinese market and large consumption rates could aid in market recovery.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee In the domestic market, the price of coffee decreased slightly by 100 VND/kg. Lam Dong has the lowest price; Dak Lak closed the highest level; Gia Lai and Dak Nong settled at 47,200 VND/kg. In the world market, the price of coffee on the two exchanges reversed to decline. Robusta price in May 2023 on the London floor minus 18 USD, or 0.85%, down at 2,112 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange fell 2.3 cents, or 1.28%, to close at 178 US cents/lb. Price of Robusta coffee in London Unit: USD/Ton | Trading unit: lot = 10 tons Coffee maker's forum Price of Arabica coffee in New York Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Coffee maker's forum Price of Brazilian Arabica coffee at BMF Unit: USD Cent/lb | Trading unit: lot Coffee maker's forum - After the monetary policy session of the US Federal Reserve (Fed) ended last night, coffee futures prices reversed to decline by the ...

Source: Vinanet