Coffee Price Today November 29, 2022: Robusta Contrariwise, Increases

Vietnamese Coffee Exporter
Coffee Price Today November 29, 2022

Coffee Price Today November 29, 2022: Most commodity markets fell due to the strengthening of the dollar and the increasingly complicated epidemic situation in China. Just steel and coffee. upstream increase.

Coffee Price Today November 29, 2022

At the end of the last session, the price of Robusta coffee in London, delivered in January 2023, decreased by 2 USD/ton to 1855 USD/ton, the delivery price in March 2023 increased by 5 USD/ton to 1826 USD/ton.

Price of Robusta coffee traded in London – Coffee Price Today November 29, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1855 -2 -0.11% 6421 1868 1843 1857 52833
03/23 1826 +5 +0.27% 4341 1832 1810 1821 28326
05/23 1815 +7 +0.39% 937 1817 1798 1803 13863
07/23 1804 +8 +0.45% 106 1805 1787 1788 5699
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 2.2 cents/lb to 162.85 cents/lb, while the price of arabica coffee delivered in March 2023 fell 2.05 cents/lb. pound to 163.1 cents/pound.

Price of Arabica coffee traded in New York – Coffee Price Today November 29, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
03/23 162.85 -2.2 -1.33% 12373 164.25 160.05 162.9 109344
05/23 163.1 -2.05 -1.24% 3761 164.3 160.6 163 41836
07/23 163.05 -1.7 -1.03% 1551 164.1 160.6 162.75 17494
09/23 162.55 -1.55 -0.94% 438 163.5 160.3 162.1 8426
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

The Middle East has fueled strong coffee consumption in the region, with sales more than double the global average. As a result, more than 2.25 billion cups of coffee are consumed worldwide every day and the global market value of this beverage is expected to grow at a CAGR of 5.5%.

Colombia, Brazil and Venezuela have traditionally exported coffee, in which green coffee accounts for a large proportion. Although these countries export different types of coffee, they compete in the international market because green coffee beans are the raw material for large roasters and multinationals in the consumer market. use.

Coffee prices in these countries are very volatile. As of June 2021, they posted gains for the eighth straight month, driven by expectations of reduced supply from some locations combined with disruptions to trade flows.

Coffee news: Malaysian milk tea chain Tealive opens its first store in Canada

Southeast Asia’s largest bubble milk tea chain, also considering launching in the US, says its drive-thru format and versatile business model meet the growing demand for convenience across the North. America. Malaysian bubble tea chain Tealive has launched in North America with a store in Ottawa, Canada.

The company, owned by food and beverage operator Loob Holding, said it will open 50 stores across Canada over the next five years before moving to the US market. Tealive currently operates 800 stores in its home country of Malaysia after launching in 2017.  

The company has ambitious growth plans in Southeast Asia and is targeting 1,000 Tealive stores in Malaysia within two years. 

However, after being approached by an ‘established business group’ involved in running pastry and bread businesses in North America, Loob Holding said the format is drive-focused and ‘has an extensible’ makes it compatible with the Canadian market. 

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

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