Coffee Price Daily News January 13, 2023: Strong increase

Vietnamese Coffee Exporter
Coffee Price Daily News January 13, 2023

Coffee Price Daily News January 13, 2023: the price of London Robusta coffee delivered in March 2023 increased by $70/ton to $1,881/ton, and the price of Robusta coffee delivered in May 2023 increased by $67/ton to $1,847/ton.

Coffee Price Daily News January 13, 2023

Closing the latest trading day, the price of London Robusta coffee delivered in March 2023 increased by $70/ton to $1,881/ton, and the price of Robusta coffee delivered in May 2023 increased by $67/ton to $1,847/ton.

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
03/23 1881 +70 +3.87% 13336 1886 1809 1817 50665
05/23 1847 +67 +3.76% 8017 1852 1781 1786 25602
07/23 1822 +62 +3.52% 2806 1827 1764 1770 9662
09/23 1802 +57 +3.27% 922 1808 1751 1760 3524
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

Meanwhile, on the New York Stock Exchange, arabica coffee delivered in March 2023 increased by 5.5 cents/lb to 149.4 cents/lb and for May 2023 delivery increased by 5.45 cents/lb to 150.15 cents/lb. pounds.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
03/23 149.4 +5.5 +3.82% 31998 150.75 143.9 143.9 106719
05/23 150.15 +5.45 +3.77% 14792 151.45 144.9 145.6 53315
07/23 150.6 +5.25 +3.61 % 9086 151.9 145.65 145.9 23449
09/23 150.85 +5.1 +3.5 % 4530 152.15 145.8 146.45 13721
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

After a series of consecutive declines, the coffee market rebounded strongly today after the US Department of Labor released data on January 12 showing that consumer price inflation in December 2022 in this country fell to the lowest level in the past decade. round one year. Accordingly, the consumer price index (CPI) in December 2022 increased by 6.5% over the same period in 2021, the slowest increase since October 2021 and lower than the 7.1% increase of the previous year. prior to. November 2022.

This is also the first month in more than two and a half years, the CPI fell due to the drop in prices of gasoline and other commodities. It also shows that inflation is following a sustainable downward trend. However, inflation is still much higher than the 2% target of the US Federal Reserve (Fed).

The above information immediately helped coffee prices regain the lost momentum of the previous few sessions. The fall of the US dollar led to the recovery of the Brazilian currency, helping arabica coffee prices rise again.

Coffee news: Coffee#1 surges amid strong UK trading

The coffee chain owned by the Caffè Nero Group currently operates 110 stores in the UK after three new openings and is trading at 120% compared to 2019, predicting further growth in 2023.

Coffee#1 has increased its presence across the UK after opening three new stores in the Midlands and South East of England and reporting strong trading over the Christmas period.

The new stores in Leek, Macclesfield and Epsom bring the total number of stores of the coffee chain owned by the Caffè Nero Group to 110, with the new stores accommodating nearly 200 customers in total and generating 30. job.

In a press release, Coffee#1 said the new stores mark an acceleration of store expansion despite growing cost pressures, with the business now opening 10 new stores since the pandemic. Translate.

In November 2022, Coffee#1 recorded a growing store portfolio in the UK, with delivery and app-based ordering driving revenue 111% above pre-pandemic levels in the period from June to October.

However, the coffee chain’s latest report shows that strong Christmas deals have now pushed revenue up 120% from 2019 levels.

Source: kingtedothi.vn, https://www.worldcoffeeportal.com/

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