Coffee Price Today November 19, 2022: Only 1774 USD/ton for Robusta.

Vietnamese Coffee Exporter
Coffee Price Today November 19, 2022

Coffee Price Today November 19, 2022: The world’s two coffee floors continued to plunge to only 1774 USD/ton for Robusta. The price of Robusta coffee delivered online in London in January 2023 registered at $ 1,811 / ton.

Coffee Price Today November 19, 2022

In the world market, the price of coffee continued to fall, so the price of Robusta coffee delivered online in London in January 2023 registered at $ 1,811 / ton, after decreasing by 0.39% (equivalent to $ 7).

Price of Robusta coffee traded in London – Coffee Price Today November 19, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1811 -7 -0.39% 7515 1837 1804 1816 56153
03/23 1787 -7 -0.39% 2753 1813 1786 1790 25495
05/23 1779 -6 -0.34% 1272 1802 1777 1780 13228
07/23 1774 -6 -0.34% 330 1798 1772 1774 5601
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

The price of Arabica coffee delivered in December 2022 in New York reached 151.3 US cents/lb, down 0.92% (equivalent to 1.4 US cents) at the time of the survey Saturday morning this morning. Vietnam time).

Price of Arabica coffee traded in New York – Coffee Price Today November 19, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 151.3 -1.4 -0.92% 4277 157.05 150.75 153.65 4040
03/23 155.1 -1.25 -0.8 % 21996 160.5 154.5 157.25 110203
05/23 155.7 -1.3 -0.83% 8576 160.8 155.2 158.55 38229
07/23 156.2 -1.15 -0.73% 2647 161 155.75 159.15 16775
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

According to statistics from the Central Customs Department of the country, the value of coffee imports from this market in September 2022 reached 97.48 million USD, up 81.1% compared to September 2021.

In the first 9 months of 2022, the value of coffee imports from China reached US$ 528.25 million, up 36.2% over the same period in 2021. In the first 9 months of 2022, China imported about 70 types of coffee, supply alone Coffee exports to China are mainly concentrated in markets such as Ethiopia, Colombia, Brazil, Italy, and Vietnam. Overall, China’s coffee imports from Ethiopia reached $134.78 million in the first nine months of 2022, up 183.1 percent year-on-year.

The share of Ethiopian coffee in China’s total import value increased slightly from 12.28% in the first 9 months of 2021 to 12.51% in the first 9 months of 2022. Vietnam is an important source of coffee. The sixth is China, reaching 4.38 million USD in September 2022, down 20.1% compared to September 2021. In the first nine months of 2022, China’s coffee imports from Vietnam reached US$38.61 million, down 16.6% over the same period in 2021.

Coffee World News: Vietnam’s The Coffee House drives Seedcom’s revenue

The Vietnamese coffee business, whose sales increased by 53% in the first nine months of the year, currently contributes 37% of Seedcom’s 2022 income. Due to The Coffee House’s success, Vietnamese retail company Seedcom reported sales of VND1.5 trillion ($60.5 million) for the nine months that ended on September 30, 2022.

The Coffee House increased its annual sales by 53%, to VND 564 billion (USD 22.7 million), or 37% of Seedcom’s overall earnings during the time period. More than 150 of the coffee chain’s locations are currently open in Vietnam. The company, according to Seedcorn, is its flagship brand and brings in more than 2 billion VND ($80,000) per day on average.

The Coffee House recently made improvements to its online retail channel, which now generates around 35% of all sales. With its headquarters in Ho Chi Minh City, Seedcom also runs the technological platform Haravan, the retail chain King Food Mart, and the fashion label Juno.

In the first nine months of 2022, the company reported an undisclosed loss, but CEO Nguyen Hoanh Tien stated that all Seedcom brands are anticipated to post significantly better financial results in the year’s final months.

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

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