Coffee Price Today November 3, 2022: Up and Down Precarious for Farmers

Vietnamese Coffee Exporter
Coffee Price Today November 22, 2022

Coffee price today November 3, 2022: The price of Robusta coffee in London for delivery in January 2023 increased by 43 USD / ton to 1882 USD / ton, the term for delivery in March 2023 increased by 36 USD / ton to 1863 USD / ton.

Coffee price today November 3, 2022

Ending the last trading session of the week, the price of Robusta coffee in London for delivery in January 2023 increased by 43 USD / ton to 1882 USD / ton, the term for delivery in March 2023 increased by 36 USD / ton to 1863 USD / ton.

Price of Robusta coffee traded in London – Coffee price today November 3, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1882 +43 +2.34 % 13087 1887 1831 1847 49595
03/23 1863 +36 +1.97 % 3291 1872 1821 1833 21789
05/23 1850 +34 +1.87 % 1711 1861 1812 1831 11202
07/23 1844 +33 +1.82 % 735 1857 1808 1825 2825
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

While the price of arabica coffee delivered in December 2022 increased 7.55 cents/lb to 182.15 cents/lb on the New York Stock Exchange, the price for delivery in March 2023 increased 6.75 cent/lb to 176, 95 cents/pound.

Price of Arabica coffee traded in New York – Coffee price today November 3, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 182.15 +7.55 +4.32% 20721 183.4 175.2 175.2 69855
03/23 176.95 +6.75 +3.97% 16256 178.2 170.95 171.9 84742
05/23 175.15 +6.6 +3.92% 6387 176.65 169.5 170.75 28272
07/23 173.85 +6.5 +3.88% 2553 175.45 168.35 169.15 13654
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

Amid rising inflation, the coffee industry faces demand problems along with improving supply and a host of other factors.

Mr. Bose Mandanna, an Arabica grower in Suntikoppa village, Kodagu district, Karnataka state, India, said: “The world Arabica market is declining day by day. From 242 cents/pound, the price of arabica fell to 169 cents/pound on the day. But for the rupee, the drop could be even bigger. 

“In addition, concerns surrounding a recession in Europe and the uncertainty of the conflict situation between Russia and Ukraine are also weighing on prices.”

Mr. Jeffry Rebello, President of the United Horticultural Association of South India (UPASI), said the harvest outlook in Brazil is positive. However, the global macroeconomic situation is not favorable in all aspects. row.

Mr. Rebello assessed that higher interest rates, rising inflation and global tightening are putting pressure on the market. According to Mr. N Ramanathan, President of Karnataka Cultivars Association (KPA), the drop in prices was due to speculation from traders who observed a drop in prices around the time of Diwali and the whole new year.

Early harvest of coffee beans for crop year 2022-2023 (October) has begun in some areas of Kodagu and Chikkamagalur. However, the prolonged rainy season leads to a lack of sunshine. Therefore, coffee berries are difficult to ripen evenly, prolonging the harvest time.

Coffee News Today: Chamberlain Coffee appoints Liz Ahern to lead new marketing drive

Following a recent $7 million funding round, the US retail coffee business beloved by Gen Z customers has engaged Ahern to spearhead its growth into new sales channels.

Liz Ahern, a former Red Bull Senior Brand Marketing Manager, has been named the new Chief Marketing Officer of Los Angeles-based Chamberlain Coffee. Ahern will be in charge of the marketing, omnichannel growth, and brand development for Chamberlain Coffee.

Ahern previously supervised national product introductions at energy drink firm Red Bull while working for Chamberlain Coffee CEO Christopher Gallant. The Chamberlain Coffee brand, which was introduced in 2019 by YouTube celebrity Emma Chamberlain, has experienced a steady increase in the number of young coffee drinkers as a result of its robust social media presence.

In order to develop additional products and diversify its sales channels, Chamberlain Coffee received a $7 million investment in a Series A fundraising round in August 2022.

Chamberlain Coffee’s popularity has expanded beyond its initial direct-to-consumer strategy as a result of the company’s recent product distribution within the luxury Erewhon grocery chain in Los Angeles as well as through the online delivery market, Gopuff.

The firm has also started a number of product agreements, including pop-up café alliances with American fashion label Levi’s and New York-based coffee chain Blank Street.

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