Coffee Price Today – October 1, 2022: The World Plummeted

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Coffee Price Today - October 1, 2022 - Helena Coffee Vietnam

Coffee Price Today – October 1, 2022: The price of Robusta coffee for November 2022 in London fell by 29 USD / ton to 2,153 USD / ton.

Coffee Price Today – October 1, 2022: The World Plummeted

At the end of the last trading session of the week, the price of Robusta coffee for November 2022 in London fell by 29 USD / ton to 2,153 USD / ton, and for delivery in January 2023 decreased by 29 USD / ton to 2,146 USD / ton.

Price of Robusta coffee traded in London – October 1, 2022

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/22 2153 -29 -1.33% 7447 2179 2151 2174 43841
01/23 2146 -29 -1.33% 4372 2171 2143 2168 23449
03/23 2120 -31 -1.44% 1140 2145 2119 2145 16455
05/23 2106 -31 -1.45% 393 2131 2105 2129 7118
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 4.15 cents/lb to 221.55 cents/lb, while the price for delivery in March 2023 fell 4.3 cents/lb 212. 55 cents/pound. rose again with the recession scenario in Europe.

Price of Arabica coffee traded in New York – October 1, 2022

Period PriceCoffee price Change % change Mass Tallest The shortest Open door Open contract
12/22 221.55 -4.15 -1.84% 17676 226.45 220.9 225.2 89644
03/23 212.55 -4.3 -1.98% 8980 217.35 211.8 216.25 46983
05/23 207.6 -3.95 -1.87% 4197 211.65 206.85 210.55 26151
07/23 204.1 -3.4 -1.64% 1609 207.9 203.15 207.1 5066
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

In addition, US unemployment insurance data shows that a warmer labour market is likely to prompt the Federal Reserve (Fed – US) to take a tougher stance on monetary policy as inflation in the United States is likely to continue to rise. , the real fell slightly, which continued to push producers to increase selling for more local currency, causing Arabica prices to fall, or 132% from the historical average. This is a key area for growing Arabica trees, accounting for about 30% of Brazil’s Arabica coffee production time.

Meanwhile, Robusta suffered a setback as the dismal economic situation in the EU had a significant impact on speculative cash flows and demand for coffee on the London exchange. Robusta coffee stocks on the London exchange increased by 2,210 tons on September 26, or 2.40% from a week earlier to 94,350 tons (or 1,572 500, 60 kg bags), recording the second week of increase. two in a row.

Coffee news: Nestlé invests 100 million euros in a coffee facility in Spain

The Vevey-based company says the three-year investment in the Gerona plant will accelerate the production of packaged instant coffee and coffee capsules.

Swiss food and beverage giant Nestlé has announced it will invest 100 million euros ($97 million) to increase production capacity at its Girona coffee plant in Spain. The investment over the next three years will increase Nestlé’s production of instant coffee and coffee capsules.

The Girona factory exports large volumes to Europe, America, Asia, Africa and Oceania. By 2020, the factory has exported 80% of its production to 59 countries, including Switzerland, the UK, France, Greece and Mexico.

The investment will also upgrade technology at the facility to improve sustainability and logistics. The company is aiming to reduce net emissions by 50% by 2023 from 2018 levels and has a longer-term goal of reaching zero emissions by 2050.

Nestlé operates ten factories across Spain, including a second coffee facility in Reus, south of Girona.

Read more:

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