Coffee Price Today – October 19, 2022: Two Exchanges Continued to Decrease.

Vietnamese Coffee Exporter
Coffee price today November 14/11/2022

Coffee price today – October 19, 2022: Robusta coffee price on ICE Futures Europe – London for November 2022 delivery fell 7 USD (0.34%) to trade at 2,057 USD

Coffee price today – October 19, 2022

Closing the session yesterday, coffee prices on both exchanges temporarily adjusted down after continuously falling sharply. Robusta coffee price on ICE Futures Europe – London for November 2022 delivery fell 7 USD (0.34%) to trade at 2,057 USD. Accordingly, January 2023 delivery fell $11 (0.54%) to trade at $2,034/mt. Average trading volume.

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2057 -7 -0.34% 4828 2077 2051 2066 23743
01/23 2034 -11 -0.54 % 10469 2059 2031 2045 34032
03/23 2011 -11 -0.54 % 3676 2031 2010 2022 19990
05/23 2000 -10 -0.5 % 692 2020 1998 2020 9080
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

The price of arabica coffee on the ICE Futures US – New York for delivery in December fell 0.45 cents (0.23%) to trade at 195.1 cents/lb. Futures for March delivery were down 1.05 cents/pound (0.55%) to trade at 190.3 cents/pound. Trading volume has increased significantly.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 195.1 -0.45 -0.23% 18810 197.8 193.2 196.3 75860
03/23 190.3 -1.05 -0.55 % 10793 192.4 188.6 191.75 68988
05/23 187.65 -1.35 -0.71 % 4861 190.1 186.15 190 26134
07/23 186 -1.3 -0.69% 1239 188.4 184.4 188.25 7301
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Inventories of coffee meeting New York’s minimum standards reached 400,439 bags as of Oct. 14. Somar Met’s report earlier this week showed good early-season rain promises a good yield, but higher supplies will put more pressure on arabica prices. All technical indicators show that bearish momentum is still there. The price is expected to continue falling to the 194-195 support area, or in the near term, the most negative outlook lies at the 190-191 hard support zone.

Coffee prices on both futures exchanges fluctuated slightly while the USDX index fluctuated strongly supporting derivatives trading. They have high liquidity like gold and crude oil of the island nation. However, both coffee floors did not benefit from the decrease in USD but sold off strongly due to speculative factors.

World coffee news: 22 producers win the prestigious Colombia Cup of Excellence Award

Producers of 22 micro lots of green coffee representing seven different arabica varieties, five different growing regions and four different post-harvest processing methods have won the prestigious Cup of Excellence (CoE) award in Colombia.

CoE organizers, Alliance for Coffee Excellence (ACE) and cafe Asociación Colombiana para la Excelencia del (ASECC) announced the winners at a ceremony this month ahead of the auction of the winning coffees. The tournament will take place on Tuesday, November 22. 

ACE currently sells auction lot samples to members, and helps organize buying groups for high auctions. Last year’s Colombia CoE auction set the group’s international auction record for the highest average price, with 25 small lots of green beans averaging over $30 a pound.

Among the winning coffees in 2022 is a washed Gesha-like coffee from the La Bohemia farm produced by Carlos Alberto Belalcázar. Coffee took first place in the competition with a final score of 90.64, according to the CoE international jury.

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