# Coffee Prices Plunge on Continued Demand Concerns

> December arabica coffee fell 5.26% on 28 October to a new 15-month low, and robusta hit a 14-month low. Losses reflected demand worries from inflation, rate hikes and new Chinese Covid lockdowns. Improved Brazilian crop weather and strong Vietnamese exports also weighed on prices, while a weaker Brazilian real encouraged exports.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/4934-coffee-prices-plunge-on-continued-demand-concerns
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Coffee price weakness is driven by demand and supply factors with no direct link to feed grain or meal markets. A weaker real can encourage Brazilian export selling of farm commodities.

## Read by commodity

- USDBRL: bullish ▲

## Sources

- barchart.com: https://www.barchart.com/story/news/11138300/coffee-prices-plunge-on-continued-demand-concerns

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.