Coffee Beans Price December 22, 2022: Robusta reached 1976 USD/ton

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Coffee Beans Price December 22, 2022

Coffee Beans Price December 22, 2022: the price of Robusta coffee delivered in January 2023 in London increased by 20 USD/ton to 1,976 USD/ton.

Coffee Beans Price December 22, 2022

At the end of the last session, the price of Robusta coffee delivered in January 2023 in London increased by 20 USD/ton to 1,976 USD/ton, the price of Robusta coffee delivered in March 2023 increased by 11 USD/ton to 1,879 USD/ton.

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1976 +20 +1.02% 6319 1979 1954 1958 22738
03/23 1879 +11 +0.59 % 11556 1882 1860 1873 44640
05/23 1846 +14 +0.76% 1741 1849 1827 1836 22223
07/23 1832 +14 +0.77% 199 1835 1815 1820 6607
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, the price of Arabica coffee delivered in March 2023 increased by 1.55 cents/lb to 169.35 cents/lb, the price of arabica coffee delivered in May 2023 increased by 1.45 cents/lb. 169.05 cents/pound.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
03/23 169.35 +1.55 +0.92% 10919 170.35 167.1 168.5 96706
05/23 169.05 +1.45 +0.87% 4180 170.25 167.05 168.75 43786
07/23 168.85 +1.4 +0.84% 2716 170.05 167 168 19276
09/23 168.5 +1.3 +0.78% 868 169.7 167 168 9393

Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

Coffee prices on both exchanges rose as a weaker dollar helped prices of most commodities regain momentum as funds and speculators returned to the market to buy as emerging market currencies get stronger.

US inflation seems to have peaked. Investors believe that the US Federal Reserve could cut the odds of rate hikes further early next year, which should drive the dollar lower against the
US dollar.

In addition, as of December 19, ICE London’s standard coffee stocks decreased by 8,820 tons, down 11.84% from the previous week, recording a 7-week losing streak, contributing to further impetus. for robusta coffee recovery – supporting coffee prices.

Coffee News: KDP partners with Root Capital to boost Indonesian coffee production

The Indonesian Coffee Business Recovery Initiative (Recovery Coffee), a program to support sustainable economic development among Indonesian coffee growers, has been launched by Keurig Dr Pepper (KDP) and the nonprofit organization Root Capital.

The three-year project, which is run in collaboration with USAID, will assist 14 coffee enterprises in connecting with 14,000 smallholder growers in Aceh, East Java, and North Sumatra in order to support sustainable economic growth.

The implementation of technical solutions, boosting gender identity through giving women business management skills and increasing access to credit and financial possibilities are some important areas of development. numbers to increase smallholders’ resistance to the climate emergency.

Indonesia is the second-largest exporter of specialty arabica coffee in the world and the fourth-largest producer of coffee overall. It also has a thriving market for branded cafes, which is expected to have more than 4,000 locations by 2025.

JAB Holding supported Krispy Kreme, Panera Bread, Cinnabon, and Caribou Coffee are just a few of the more than 125 owned, licensed, partner, and affiliated businesses that KDP is in charge of. In order to overcome the biggest barrier to business mid-year in 2022, KDP will work to strengthen its inventory and supply chain for coffee through the Coffee Resilience project.

Source: https://www.worldcoffeeportal.com/

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