Coffee price today – October 10, 2022: Overall, the London market fell 2 sessions and gained 3 sessions last week. The price of Robusta coffee delivered in November increased by $ 2.
Coffee price today – October 10, 2022
At the end of the last session, the price of Robusta coffee in London for delivery in November 2022 increased by 15 USD/ton to 2,155 USD/ton, and the price for delivery in January 2023 increased by 15 USD/ton to 2,154 USD/ton.
While the price of arabica coffee delivered in December 2022 increased by 0.4 cents/lb to 218.1 cents/lb on the New York Stock Exchange, the price of arabica coffee delivered in March 2023 increased by 0.6 cents/lb. lb to 208.25 cents/pound. In general, the London market fell 2 sessions and gained 3 sessions.
Robusta coffee prices for November delivery increased by a total of $2 or 0.09% to $2,155 per ton. Trading volume is above average. Also in the New York market, the price of arabica coffee delivered in December fell 3.45 cents, or 1.56%, to 218.10 cents/lb.
Trading volume is above average. Arabica coffee prices turned negative after a better-than-expected September jobs report (payrolls) from the US Department of Labor. This has created the basis for the US Federal Reserve (Fed) to further tighten monetary policy at the next meeting. Fears that the US economy could fall into a recession sent USDX and most funds and funds rallied. Commodity speculators have reduced their net positions due to concerns about rising exchange rates.
Coffee World News: Valora expands returnable cup program to over 200 Swiss coffee shops
Swiss food service operator Valora has expanded its reusable coffee cup program at its Caffè Spettacolo, Brezelkönig, SuperGuud and k kiosk stores.
Using the kooky platform, customers will be able to pay a deposit for a reusable cup along with a hot beverage. The cups can then be returned at designated collection points near the stores, with a deposit electronically credited upon return via bank transfer or donation to the Animal Fund. World Wilderness (WWF).
Kooky then collects and empties the boxes daily before shipping the cups and lids to a dishwasher logistics company, where they are cleaned, packaged, and returned to stores in sealed containers.
Customers can now purchase kooky cups from 19 Brezelkönig, Caffè Spettacolo and SuperGuud sales outlets. The stores of the three food service brands will offer the smart digital cup system at 30 SBB stations and 20 other locations by 2023.
By the end of 2024, about 150k kiosks, Press & Books and stores will also participate in the initiative.