Arabica Coffee Price January 6, 2023: Maintain the Opposite Trend

Vietnamese Coffee Exporter
Arabica Coffee Price January 6, 2023

Arabica Coffee Price January 6, 2023: On the New York Stock Exchange, the price of Arabica coffee delivered in March 2023 fell 0.75 cents/lb, at 160.55 cents/lb.

Arabica Coffee Price January 6, 2023

At the end of the latest trading session, the price of Robusta coffee in London for delivery in March 2023 decreased by 41 USD/ton at 1,832 USD/ton and delivered in May 2023 decreased by 35 USD/ton at 1,804 USD/ton.

Price of Robusta coffee traded in London – Arabica Coffee Price January 6, 2023

Period Price Change % change Mass Highest The shortest Open door Open contract
03/23 1832 -41 -2.19% 5766 1875 1826 1870 50078
05/23 1804 -35 -1.9 % 1749 1839 1798 1839 24419
07/23 1786 -31 -1.71% 332 1820 1782 1819 8151
09/23 1771 -30 -1.67% ten 1801 1771 1801 3295
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

Meanwhile, on the New York Stock Exchange, the price of Arabica coffee delivered in March 2023 fell 0.75 cents/lb, at 160.55 cents/lb, and delivered in May 2023 fell 0.75 cents/lb, at 160,6 cents/lb.

Price of Arabica coffee traded in New York –  Arabica Coffee Price January 6, 2023

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
03/23 160.55 0.75 -0.46% 15764 163.15 159.5 162.25 96812
05/23 160.6 -0.75 -0.46% 8691 163.05 159.5 162.35 45328
07/23 160.85 -0.65 -0.4 % 5295 163.2 159.7 162.05 20956
09/23 160.85 -0.6 -0.37% 2804 162.95 159.7 161.95 11426
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

After 2 days of good gains, Robusta turned down on the London floor. Meanwhile, the New York Stock Exchange continued to decline slightly. According to experts, the most influential factor in the last session was the USD exchange rate.

At the beginning of the trading session on January 6 (Vietnam time), on the US market, the US Dollar Index (DXY) measures the volatility of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) rose 0.89% to reach 105.13.

The US Federal Reserve (Fed) may be able to maintain its position, according to new statistics that indicated the US labor market tightened. As a result, the dollar reached a four-week high. its rise in interest rates.

Today, the eagerly awaited December jobs report will also be made public. This data will aid investors in determining if and how quickly the US Central Bank will increase interest rates. long. In the final session of the first week of the new year 2023, this will have a significant impact on the coffee market.

Prior to it, the market saw speculative capital flows to long-term treasury bonds and stock exchanges. The price of Robusta coffee gained over the first two sessions of the week as a result of the inventory report monitored by the London floor continuing to drop by 0.39% to a low of 4.5 years and other supporting fundamental data.

Coffee News: The business of coffee in 2022: a year in review

Despite the unequal loosening of worldwide pandemic trading restrictions in 2022, the world’s coffee sector had a steady comeback. While many coffee businesses continued to expand on revenue streams ramped up during Covid, like app-based ordering, drive-through service, and at-home coffee, operators also profited from a rebound in customer traffic, which led to an increase in revenues and the resumed expansion of outlet locations.

Over the past year, the coffee industry has seen a lot of encouraging news. The global branded coffee shop business has started to return to normal after the pandemic, with a few notable anomalies, particularly in China where Covid sales restrictions were irregularly reimplemented.

The previous 12 months, meanwhile, weren’t without challenges. The global economy has been negatively impacted by Russia’s invasion of Ukraine, which has exacerbated supply chain issues and driven up energy costs for hospitality businesses that are already struggling with staff shortages and an uneven footfall recovery after the pandemic, particularly in city centers.

However, the scene is set for 2023 to become a year of reinvention for the global coffee industry as several coffee chains resume outlet development, and venture into new overseas markets, particularly the Middle East and India while leveraging innovative store layouts and digital sales.

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