Coffee price today November 21, 2022: Robusta fell slightly below 0.5%

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Coffee price today November 21, 2022

Coffee price today November 21, 2022: Pressure to harvest new crops from many major producers is increasing with the increase in currency interest rates in many countries around the world. pressure on the coffee market.

Coffee price today November 21, 2022

At the end of the last session, the price of Robusta coffee in London, delivered in January 2023, decreased by 7 USD/ton to 1,811 USD/ton, the price for delivery in March 2023 decreased by 7 USD/ton to 1,787 USD/ton. 

Price of Robusta coffee traded in London – Coffee price today November 21, 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

 

On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 fell 1.4 cents/lb to 151.3 cents/lb, and the price of arabica coffee delivered in March 2023 fell 1.25 cents/lb to 155.1 cents. /pound. During the week, London market had 4 negative sessions and 1 positive session.

Price of Arabica coffee traded in New York – Coffee price today November 21, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
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
09/23 156.3 -1.05 -0.67% 1133 161 155.85 158.45 8284
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

The price of robusta coffee delivered in January decreased by 25 USD (1.36%), a very significant decrease. The trading volume is moderate. In contrast, the New York market has 5 sessions in contrast, the New York market has 5 consecutive trading sessions in a week. The price of arabica coffee for delivery fell 18.8 cents (11.05%) in December. 151.30 cents per pound, a huge drop.

Trading volume continues to be very high above average. New crop pressure from many major producers, coupled with the liquidation of positions ahead of the New York Stock Exchange’s First Announcement (FND), continues to drag the world down, say analysts. abyss. Coffee prices are falling.

Meanwhile, the global economy is forecast to remain in a recession, which will reduce consumer demand for coffee. Along with the profit margin will increase. The exchange rates of many countries in the world will shift speculation. Capital is flowing out of the broader commodity market toward USDX and longer-dated government bonds, which offer more attractive yields.

Coffee news last week

SCA Accepts Nominations for Sustainability Award

The Specialty Coffee Association   (SCA) has opened nominations for its 2023 sustainability award. There are three categories in the award program: Business Model; Separate, individual, individual; and Project. The application deadline is Friday, January 13.

The World Coffee Portal publishes the Annual Middle East Coffee Market Report

Market research agency World Coffee Portal has released its 2022 coffee market report for the Middle East, showing overall coffee shop growth of 10.5% over the past 12 months, to a total of 8,874 Coffee shops. Saudia Arabia, the largest coffee retail market in the region, added 18.5% more stores during the year.

Nestlé Launches Nescafé Dolce Gusto Neo Pod Brewing System

Swiss food giant Nestlé has unveiled the Neo single-serve capsule coffee brewing system, part of its Nescafé Dolce Gusto line of consumer coffees. According to Nestlé, the pods for the Neo brewer are made from paper, can be recycled at home, and use less packaging (by weight) than existing popular capsules.

SCA Barista Guild names seven candidates to fill three seats in the upcoming election

The Barista Association of the Specialty Coffee Association has named seven candidates ahead of the upcoming election for the group’s 10-member Volunteer Leadership Council. Three seats are about to be opened for two-year terms in 2022.  More information, including the nomination petition process, can be found here. The current candidates are Zoey Thorson (USA), Renato Sumania (Philippines), Salman Ilyas Khan (South Africa), Miroslav Oceans (UK), Olivia Morris (USA), and Luisa Fernanda Santos Rivera (Colombia).

Source: https://dailycoffeenews.com/

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