Coffee Price Today November 14, 2022: Coffee Prices Tending Recover

Vietnamese Coffee Exporter
Coffee Price Today November 14, 2022

Coffee price today November 14, 2022: Coffee prices are tending to recover after the US consumer price index (CPI) in October. Nationwide, early records show that this year’s crop is good and increasing in both quantity and quality.

Coffee price today November 14, 2022

At the end of the last session, the price of Robusta coffee in London for delivery in January 2023 increased by 9 USD / ton to 1,836 USD / ton, the price for delivery in March 2023 increased by 11 USD / ton to USD 1,825 / ton.

Price of Robusta coffee traded in London – Coffee price today November 14, 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

 

On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 fell 0.9 cents/lb to 170.1 cents/lb, while the price for delivery in March 2023 increased 0.4 cents/lb 168, 1 cent/pound.

Price of Arabica coffee traded in New York – Coffee price today November 14, 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 past week, the London market had 3 decreasing sessions and 2 increasing sessions. The price of Robusta coffee for January delivery fell by $33, a significant decrease. Trading volume is average.

Similarly, the New York market also fell by 3 sessions and increased by 2 sessions. The price of arabica coffee for December delivery fell 5.65 cents, a very significant decrease. Trading volume remains above average.

Coffee prices tended to rise again at the end of the week after a positive US consumer price index (CPI) report in October promised the Fed would ease monetary tightening at its next meeting. This encourages speculators and commodity funds to start buying back the market. In addition, the news of the reopening of the Chinese market also contributed to triggering a spike in prices due to increased demand for the item.

Coffee news today: De’Longhi’s revenue declines in the context of Europe’s difficulties

The Italian manufacturer of coffee makers and appliances claims that while sales have decreased as a result of the difficult economic climate in its major European market, the market for professional espresso machines is nevertheless growing steadily. Treviso-based De’Longhi attributed a 5% decline in third-quarter revenue to sluggish consumer demand and the ongoing effects of microeconomics.

De’Longhi reported sales of 683.8 million euros ($702.2 million) for the three months that ended on September 30, 2022, a decrease of 34 million euros ($35 million) from the prior year. The company’s largest European market suffered a 10% decline in revenue, with the only markets in continental Europe to report growth during the quarter being Italy and the Iberian peninsula.

Southwest Europe demonstrated dynamics similar to the prior quarter, according to De’Longhi, which the business referred to as “moderate weakening.” The Nordic-Easter section continues to suffer as a result of the Russia-Ukraine crisis.

Despite an 8% year-over-year decline in De’Longhi’s overall North American trading, the company saw double-digit growth in the coffee area, which was aided by a sharp increase in sales. For sale is a fully automatic machine.

According to De’Longhi, the professional espresso machine segment has made a positive contribution to all international markets, with Eversys continuing to exhibit steady growth. In May 2021, the business purchased the Swiss manufacturer of super-automatic espresso machines.

Looking at the first nine months of 2022 as a whole, De’Longhi claimed that while the company’s other product categories, particularly those related to food processing, have seen “obvious weakness,” growth has been hampered.

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

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