Coffee price today – October 15, 2022: Two exchanges dropped sharply

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Coffee price today - October 15, 2022 - Helena Coffee Vietnam

Coffee price today October 15, 2022: Coffee prices continue to fall, leaving the price of online Robusta coffee in London for delivery in November 2022 at $2,061 per tonne after falling 1.81%

Coffee price today October 15, 2022: Two exchanges dropped sharply

In the global market, coffee prices continue to fall, leaving the price of online Robusta coffee in London for delivery in November 2022 at $2,061 per tonne after falling 1.81% (equivalent to $38). 

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2061 -38 -1.81% 8418 2108 2059 2102 29795
01/23 2051 -46 -2.19% 13642 2103 2049 2097 34931
03/23 2032 -47 -2.26% 2669 2083 2031 2082 20286
05/23 2019 -47 -2.27% 533 2068 2019 2065 8435
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

The price of arabica coffee for delivery in New York for December 2022 was 196.7 US cents/pound, down 2.7% (equivalent to 5.45 US cents) at the time of the survey on December 7: 20 o’clock equivalent. response. m Vietnam time.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 196.7 -5.45 -2.7 % 32452 204.6 195.65 203 75998
03/23 193 -3.05 -1.56% 20568 198.1 192 196.95 63722
05/23 190.95 -2.65 -1.37% 5758 195 190 194 25320
07/23 189.25 -2.55 -1.33% 2450 193 188.1 193 6769
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

Brazil’s Arabica coffee-growing region has received over 160mm of rain since early September, bringing the expected rainfall for the next harvest to roughly the same level in 2018. Production is the third highest in the country.

This positive change has lifted soil moisture in coffee-growing regions in Minas Gerais and Sao Paulo, Brazil’s major coffee-growing states, from a 12-year low to a mid-season normal. In this regard, the price of benchmark coffee has fallen 6% to $2.17/lb since September 1.

The better outlook for Brazil’s crop, capped by the forecast for a third consecutive La Niña, could be delayed, according to many.

Coffee World News: Bewitched Coffee opens its first franchise with a self-service product introduction

The UK coffee chain has opened its 15th store – the first with new retail partner Heart of England Co-op – as it targets 40 cafes by the end of 2026 and 40 self-service coffee units by the end of 2023.

The UK chain Bewitched Coffee has opened its first franchise in partnership with the Heart of England Co-operative Society.The new store is part of the Heart of England Cooperative Society’s grocery retail store in Balsall Common, Birmingham.

Bewiched Coffee, which now operates 15 stores across the UK, announced a partnership in March 2022 with the goal of opening 15 locations with the retailer within the next three years. 

The two companies expect to open at least two more collaborative stores next year before five new Bewitched locations are expected in 2023. The coffee chain is targeting 40 Bewitched locations by the end of 2026, including 20 drive-in locations by the end of 2025. 

“It was like a bit of a game changer for us. Our broader teams have continued to break all of our records for customer feedback, and we are focused on trying to scale our business while maintaining Maintaining excellent service is at the heart of the offering,” said Matt Fountain, CEO. 

In September 2022, Bewiched Coffee launches a new quick format, offering ‘fresh hand-roasted coffee’. The entry into the automated coffee market, which Fountain says is ‘dominated by incumbent market leaders, whose offers are often influenced by the amount of time that has passed since the coffee was roasted ‘, as part of a plan to have 40 Bewitched Express machines operational in retail locations across the UK by the end of next year. 

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