Coffee Price Today November 14, 2022: Price Reversal

Vietnamese Coffee Exporter
Coffee price today November 14/11/2022

Coffee Price Today November 14, 2022: Coffee prices fell in the first session of the week, although the decrease was not strong, in the session of continuous fluctuations, robusta sometimes “sink” at the bottom at 1,781 USD / ton.

Coffee Price Today November 14, 2022

At the end of the last session, the price of Robusta coffee in London, delivered in January 2023, decreased by 12 USD/ton to 1,824 USD/ton, the delivery price in March 2023 decreased by 10 USD/ton to 1,815 USD. USD/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 1824 -12 -0.65% 6139 1838 1793 1835 53193
03/23 1815 -10 -0.55 % 3132 1826 1786 1824 23717
05/23 1808 -9 -0.5 % 1591 1835 1781 1835 12311
07/23 1803 -7 -0.39% 596 1821 1776 1821 3971
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 of arabica coffee delivered in March 2023 fell 1.2 cents/lb. lb to 166.9 cents/pound. For the past year or so, coffee prices have been falling steadily at the beginning of the week.

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
03/23 166.9 -1.2 -0.71 % 24656 167.95 163.15 167 100555
05/23 166.7 -0.8 -0.48% 6801 167.7 162.8 167.05 32778
07/23 166.55 -0.4 -0.24% 3234 167.55 162.5 166.75 15818
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

This week, the downward force was not strong, but in a volatile session, Robusta sometimes “bottomed out” at $ 1781 / ton. On November 10, 22 standard stocks on the London Exchange reached 90,170 tons, compared with 91,520 tons on March 11. The New York Stock Exchange reached 448,704 meaning 26,922 tons compared with 382,695 bags or 22,962 tons. .

At the end of the previous crop, the inventory of this Robusta coffee amounted to 93,700 tons and 25,571 tons of Arabica. There are nearly 22,000 tons of Arabica currently awaiting standard inspection. Expect stock levels of standard Arabica to increase rapidly in the coming days. According to dealers, a large amount of Arabica coffee being dumped at ICE-approved warehouses has affected the price.

Weekly coffee news

A cup of coffee a day can help keep away from Covid

According to German experts, drinking coffee may lower your risk of developing Covid-19 illness. The scientists from Jacobs University discovered that the coffee molecule 5-caffeoylquinic acid prevents the Covid-19 spike protein from interacting with the cell’s ACE-2 receptor. Humans are capable of avoiding infection. Researchers in psychology and social science will benefit from these discoveries.

“As scientists, we cannot say practically if drinking coffee is indeed a prophylactic technique to defend against infection,” stated Professor Nikolai Kuhnert. However, we can state that it is logical.

Coffee faces stiff competition in Japan  

Asahi, a Japanese food and beverage firm, has introduced bottled hot water called Oishi Mizu Tennensui Sayu as a substitute for coffee and tea. According to Asahi, hot water products have grown in popularity in recent years, with consumer demand peaking in the fall and winter.

The seller claims that customers are warmed up by the beverage without experiencing the unpleasant side effects of caffeine like coffee or tea. Through the storage heater, hot water is heated to a temperature of between 50°C and 60°C.

Coffee best served with friends, BRITA survey shows 

Strong relationships between hotel staff members are essential for the industry’s health, according to recent studies.

According to a poll of 350 professionals in the hospitality industry performed by BRITA Professional and The Burnt Chef Project, 84% believe that developing friendships at work is valuable, and 51% believe that they are more productive and enthusiastic while working with their “best buddy at work.” Over 41% of respondents claimed that working alongside a friend helped their customer service.

Friendships that were quietly built at hotels in the UK have had a significant impact on the industry, according to Chris Fay CFSP, Business Account Manager at BRITA Professional.

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