Coffee Price Today November 22, 2022: Coffee Price Recovered

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Coffee Price Today November 22, 2022

Coffee Price Today November 22, 2022: The market is concerned about short-term supply as inventories are at a 23-year low. Coffee prices recover. The price of Robusta coffee in London delivered in January 2023 increased by 22 USD/ton to 1,834 USD/ton.

Coffee Price Today November 22, 2022

At the end of the last session, the price of Robusta coffee in London delivered in January 2023 increased by 22 USD/ton to 1,834 USD/ton, and the price for delivery in March 2023 increased by 16 USD/ton to 1,804 USD. /ton.

Price of Robusta coffee traded in London – Coffee Price Today November 22, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1834 +22 +1.21% 8699 1839 1816 1817 56061
03/23 1804 +16 +0.89% 6118 1810 1792 1799 25992
05/23 1791 +12 +0.67% 1172 1798 1779 1783 13716
07/23 1782 +10 +0.56 % 211 1786 1772 1779 5718
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, the price of Arabica coffee delivered in December 2022 increased by 4.3 cents/lb to 164.7 cents/lb, and the price of arabica coffee delivered in March 2023 increased by 3.65 cents/lb to 164.4 cents/lb.

Price of Arabica coffee traded in New York – Coffee Price Today November 22, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
03/23 164.7 +4.3 +2.68% 21122 165.55 160.95 161 111292
05/23 164.4 +3.65 +2.27% 9247 165.35 161.25 161.25 39116
07/23 163.9 +3 +1.86 % 3290 165 161.5 161.75 17213
09/23 163.25 +2.5 +1.56% 1561 164.45 161.8 162.85 8332
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Coffee on the New York Stock Exchange rose shortly after the first announcement (FND). The reason is due to trading activities of funds and speculation when technical indicators show that both coffee derivatives markets have entered the oversold zone.

In the last session, the price of Arabica coffee increased sharply, making Robusta coffee surpass the threshold of 1,800 USD/ton. The market raised concerns about a short-term supply squeeze as inventories are at a 23-year low. In addition, the declining USD also supported the recovery of coffee prices.

At the beginning of the trading session on November 23 (Vietnam time) in the US market, the US Dollar Index (DXY) measures the volatility of the US dollar against 6 major currencies (EUR, JPY, GBP). , CAD , SEK, CHF) fell 0.68% to 107.16.

Recently, Brazil’s largest coffee cooperative, Cooxupe, predicted that next year’s harvest will be as bad as this year’s. This is in contrast to the market forecast of a previous bumper crop according to the source. Information about the main Arabica coffee suppliers, Brazil and Colombia, had a strong impact on the market. Been helping this product recover since the beginning of the week.

World Coffee News: Tim Hortons targets 120 stores in India by 2026

As consumer spending increases throughout the sizable nation, the Canadian coffee giant will invest $37 million to partner with AG Café, an Indian-licensed business, to create hundreds of new locations annually. Over the next three years, the Canadian coffee brand Tim Hortons wants to open 120 shops in India, concentrating on busy areas.

After entering the market in August 2022, Tim Hortons CEO for India Navin Gurnaney claimed the business will invest up to Rs 300 crore ($37 million) to grow the chain there. Prior to next year, store growth will concentrate on northern India’s major cities before spreading to others like Mumbai, Pune, Surat, and Ahmedabad.

With 50 stores expected to open in its second year of operations in India and another 60 stores in the following 12 months, Tim Hortons will target malls, highways, airports, and office buildings. Six stores are currently run by the company in India, five of which are in Delhi and one in Chandigarh. In December 2022, three more locations will debut.

Source: Kinhtedothi.vn, https://www.worldcoffeeportal.com/

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