Coffee Price Today – October 17, 2022: the price of Robusta coffee in London for delivery in November 2022 decreased by 38 USD / ton to 2061 USD / ton.
Coffee Price Today – October 17, 2022
At the end of the last session, the price of Robusta coffee in London for delivery in November 2022 decreased by 38 USD / ton to 2061 USD / ton in November 2022, and the price for delivery in January 2023 decreased by 46 USD / ton. to 2051 USD/ton.
On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 fell 5.45 cents/lb to 196.7 cents/lb, and the price for delivery in March 2023 fell 0.55 cents/pound to 193 cents / lb. pound.
Last week, the price of Robusta coffee futures in London for delivery in November 2022 decreased by 94 USD / ton; Arabica coffee for December delivery fell 21.4 cents/lb.
The market fell sharply last week as funds and speculators liquidated their net positions before 11 futures contracts expired. The reason for this step is growing anxiety about risk, promising interest rates and abundant supply. Coffee farmers in Brazil have just finished harvesting a new crop for the 2022/2023 crop.
Commodity markets overall weakened further after US economic index reports prompted the US Federal Reserve (Fed) to raise interest rates from high. The International Monetary Fund (IMF) warned that high inflation will affect the global economy and lowered its forecast for global economic growth in 2023 to 2.7% from 2.9% in July.
Coffee World News: Belgium’s Beyers Koffie invests €3 million in brewable coffee pads
To fulfill the rising demand for environmentally friendly products, an Antwerp-based coffee roaster has invested €3 million in a new production plant to produce coffee beans from only natural components. with the surroundings. The fully brewable coffee pieces are now being produced on a brand-new, cutting-edge production line by Belgian coffee roaster Beyers Koffie.
On October 12, 2022, the company put into operation a 3 million euro ($2.9 million) coffee bean production line with a 1,400 pad per minute output rate. Beyers Koffie estimates that 330 million cups of coffee will be produced annually.
Beyers Koffie is now switching its coffee pad production to compostable PLA filter paper after earlier this year producing home-brewed coffee capsules for Dutch supermarket HEMA. Since PLA filter sheets are composed entirely of natural components like corn and/or sugarcane, they can be discarded as part of a household green waste collection system.
Approximately half of the coffee that the roaster produces annually is produced by Beyers Koffie, which currently produces 1.4 billion pieces annually. Beyers Koffie, an Antwerp-based company established in 1880, specializes in roasting coffee for other companies as well as numerous private brands for well-known stores including Hema, Carrefour, Lidl, Aldi, and Amazon.
The largest coffee roaster in Belgium has made investments in more environmentally friendly manufacturing methods over the past two years, including using industrial roasters to generate its own green electricity on the Puurs-Sint-Amends site. the installation of a separate water filtration system, as well as high-tech energy saving methods that account for all CO2 emissions produced during coffee roasting.
Beyers Koffie, a trader in organic coffee for the Sucafina Group. In Castel Maggiore, Italy, Beyers Koffie operates a second production facility.