Coffee price today November 12, 2022: Coffee price fluctuated margin less 1%

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Coffee price today November 12, 2022 - Helena Coffee Vietnam

Coffee price today November 12, 2022: Coffee prices turned green on the London and New York Stock Exchanges shortly after the market showed signs of improvement. The price of Robusta coffee on ICE Futures Europe – London was slightly adjusted, the delivery term in January 2023 increased by 8 USD (0.44%).

Coffee price today November 12, 2022

Coffee prices turned green on the London and New York Stock Exchanges shortly after the market showed signs of improvement. The US Consumer Price Index (CPI) report for October fell to 7.7%, up 0.4% from September, lower than expected, showing that US inflation appears to have cooled, which allows the Fed to manage to stop the process of tightening monetary policy at the end of the month.

In the trading session on 11/11, the price of Robusta coffee on ICE Futures Europe – London was slightly adjusted, the delivery term in January 2023 increased by 8 USD (0.44%) and was traded at $ 1,827 / ton. , delivery time increased by $6 (0.33%) in March 2023, trading at $1,814/ton. Trading volume above average.

Price of Robusta coffee traded in London – Coffee price today November 12, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1836 +9 +0.49 % 6342 1852 1811 1827 53434
03/23 1825 +11 +0.61 % 3490 1839 1802 1814 23081
05/23 1817 +12 +0.66% 1791 1831 1795 1813 11946
07/23 1810 +12 +0.67% 184 1820 1797 1802 3954
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

The price of arabica coffee on ICE Futures US – New York has increased strongly again. Delivery notices from December 2022 increased by 4.60 cents (2.79%). Trading volume has increased significantly.

Price of Arabica coffee traded in New York – Coffee price today November 12, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 170.1 -0.9 -0.53 % 20864 173.7 168.7 170.25 36715
03/23 168.1 +0.4 +0.24% 25515 171.45 166.05 167.1 105924
05/23 167.5 +0.6 +0.36% 6019 170.75 165.4 166.9 33304
07/23 166.95 +0.75 +0.45% 2804 170.1 164.8 166.1 15035
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

In the market, the USDX index reversed down. However, in other asset classes such as the Japanese yen, British pound, gold, digital currency, and US stocks, the uptrend did not last long, when the second session saw another increase and decrease.

Previously, the price of coffee on the two exchanges the next day seemed to continue to decline at a low level, specifically, the price of Robusta coffee on the London floor penetrated the psychological level of $ 1,800 quite deeply.

The expiration of December futures on the New York Stock Exchange also contributed to higher prices after a CFTC report showed the coffee futures market was in “oversold” territory. It needs to be adjusted.

Coffee News: SCA Carbon and Coffee Report Calls for Greenhouse Gas Reduction

When world leaders meet this week in Egypt for the COP27 climate conference,  the Specialty Coffee Association will release a recent report outlining what coffee organizations can do to tackle the problem. their carbon footprint.

Called  “Coffee and Carbon: Progress and Strategies for Reducing GHG Emissions Across the Value Chain”,  the 47-page report highlights the need for the coffee industry to adapt to the climate. Warming threatens coffee production, especially as global coffee demand soars.

The document highlights current and new methods and techniques used by established coffee groups and NGOs while also emphasizing impending existential risks to the coffee industry. Positive outcomes can come from implementation.

The research study that gave rise to the paper was led by the development organization The Chain Collaborative in collaboration with SCA and the environmental science program at Whittier College in California. The report’s research leaders are named as Dr. Cinzia Fissore of Whittier and Nora Burkey of The Chain Collaborative.

The paper is the result of in-depth desk research, polls, and interviews with individuals involved in the coffee industry, mainly those from the roasting sector. The article does not explicitly quote coffee growers, as stated in the “Restrictions” section.

However, one of the report’s recurring themes was the need to disseminate more information about greenhouse gas mitigation measures within the coffee industry. The study notes a knowledge gap that could prevent the coffee industry from realizing its full potential for good.

Source: dailycoffeenews.com

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