Coffee Price Today – October 12, 2022: Coffee Prices Recover

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Coffee Price Today - October 12, 2022 - Helena Coffee Vietnam

Coffee Price Today – October 12, 2022: Dollar strength continues to dampen coffee’s upside momentum. However, the news of a decrease in standard inventories helped coffee recover slightly in the last session of the week.

Coffee Price Today – October 12, 2022: Coffee Prices Recover

At the end of the last trading session of the week, the price of Robusta coffee in London for delivery in November 2022 increased by 8 USD / ton to 2,166 USD / ton, and the price for delivery in January 2023 increased by 6 USD / ton for the US. $2,160/ton.

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2166 +8 +0.37% 5537 2182 2148 2159 34439
01/23 2160 +6 +0.28% 6544 2176 2142 2154 32029
03/23 2138 +5 +0.23% 1444 2149 2123 2128 19678
05/23 2123 +5 +0.24% 458 2133 2107 2116 7733
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 0.4 cents/lb to 217.85 cents/lb, and delivery in March 2023 increased by 0.3 cents/lb pound to 207.95 cents/pound.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 217.85 +0.4 +0.18% 16401 220.9 215.15 216.9 80392
03/23 207.95 +0.3 +0.14% 7339 210.45 205.55 207.35 57940
05/23 203.75 +0.3 +0.15% 3750 206 201.5 203.3 24860
07/23 200.9 +0.1 +0.05 % 1058 203.1 198.8 200.55 6307
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

Coffee prices rose slightly on the day of closing positions amid declines in Gold and Crude Oil.

In the US market, the US Dollar Index (DXY), which measures the volatility of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased slightly of 0.13% and reached a level in total 113.28. The USD continues to hold back the rise of coffee.

However, the news that standard holdings fell to a 23-year low helped arabica rebound slightly in the most recent session. The market moved ahead of the US economic index report to be released this week, notably the inflation and producer price index (PPI) report, as well as the release of the latest meeting minutes of the US government. Fed.

World Coffee News: Digital sales continue to grow in the US

Digital sales continue to grow as US coffee shop consumers seek convenience

World Coffee Portal’s Project Café USA 2023 report shows market trends towards increased digitization and convenience in US coffee shops, with pre-ordering and door-to-door delivery to consumers. used throughout the country.
The adoption of contactless and app-based payment technology across the US branded cafe market in response to the pandemic has persisted in the year since restrictions were eased, to see the market trend towards digitization and increasing convenience.
Industry leaders surveyed in World Coffee Portal’s Project Café USA 2023 report have seen increased demand for pre-orders as customers seek shorter wait times and operators work to balance speed without sacrificing quality.
In the past 12 months, 47% of consumers surveyed have pre-ordered drinks for pickup and 29% have ordered home delivery.Meanwhile, a third of customers surveyed would prefer to subscribe to coffee rather than pay per drink at the store; however, some coffee chains have yet to make this proposal.

JAB Holdings, which controls several popular US food and coffee chains, is capitalizing on emerging opportunities for e-commerce and coffee at home.

In April 2021, food and coffee chain Panera Bread revealed that more than half of its $2 billion in sales came from e-commerce channels.

The Missouri-based company is investing in the convenience of digital channels, opening three ‘Panera To Go’ format stores this year. For in-store customers, Panera has also introduced a new contactless dine-in feature in the app and is exploring the benefits of  AI-enhanced driving operations to reduce service times and increase order accuracy.

Consumer preference for drive-thru has slowed after the easing of Covid-19 restrictions but remains strong – 54% of consumers say prefer the format by 2022 – down from 63% in 2020.

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1 comment

  1. October 14, 2022 at 4:32 am
    Hoai An

    Nice

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