Coffee Price Today – October 20, 2022: Arabica is The Lowest in 13 Months

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Coffee price today - October 20, 2022 - Helena Coffee Vietnam

Coffee price today – October 20, 2022: Arabica is the lowest in 13 months, and Robusta is the lowest in 3 months, in the context of the USD rising. The price of Robusta coffee in London for November 2022 delivery fell from 45 USD/ton to 2012 USD/ton.

Coffee price today – October 20, 2022

At the end of the previous session, the price of Robusta coffee in London for November 2022 delivery fell 45 USD/ton to 2012 USD/ton, and January delivery fell 34 USD/ton to 2000 USD/ton.

Price of Robusta coffee traded in London – Coffee price today – October 20, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2012 -45 -2.19% 6330 2055 1977 2055 23338
01/23 2000 -34 -1.67% 18507 2034 1967 2030 33296
03/23 1981 -30 -1.49% 5918 2012 1950 2010 20285
05/23 1970 -30 -1.5% 3008 2003 1941 2001 9150
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 fell 2.8 cents/lb to 192.3 cents/lb, while the price for March delivery fell 3.05 cents/lb 187, 25 cents/pound.

Price of Arabica coffee traded in New York – Coffee price today – October 20, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 192.3 -2.8 -1.44% 19567 196.45 190.15 195.1 75067
03/23 187.25 -3.05 -1.63% 9785 191.6 185.3 190.3 68708
05/23 184.7 -2.95 -1.57% 4336 189.15 182.65 187.9 26355
07/23 183.2 -2.8 -1.51 % 1500 187.1 181.15 186.45 7441
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Global coffee price today – October 20, 2022 continued to plummet, sending Arabica to a 13-month low and Robusta to a 3-month low amid a stronger dollar.

At the beginning of the October 20 trading session (UTC), the US Dollar Index (DXY) measures the movement of the dollar against 6 major currencies (EUR, JPY, GBP) in the US market. Ky. , CAD, SEK, CHF) rose 0.91% to 113.04. The dollar recovered from a two-week low in the previous session as Treasury yields rose to record highs.

Commodity markets fell at the same time as the dollar strengthened and were concerned about falling demand when the global economy weakens. In addition, coffee-producing countries have begun to promise new harvests. It promises a bumper year and also puts downward pressure on coffee prices  on both exchanges.

Coffee World News: Starbucks Opens First Reserve Store in India

With a location in Mumbai, the Seattle-based coffee chain introduced its premium Reserve store concept to India. This action highlights the rising popularity of speciality coffees and coffee culture in the nation of India. By launching the first Reserve location in India, Starbucks celebrated ten years of business there.

The debut, according to Tata Starbucks Private Limited, which manages the US coffee giant in India, is evidence of Starbucks’ ongoing dedication to improving the coffee experience in one of the world’s fastest-growing economies their crucial requirements.

The chain’s premium coffees, including single- and small-batch drinks, are served at Starbucks Reserve locations along with a deluxe menu. The Reserve store focuses on “customer experience and engagement,” as well as “the story of our coffee and our barista profession,” according to Sushant Dash, CEO of Tata Starbucks.

Given Dash’s suggestion a year prior that Starbucks would concentrate on smaller format stores and quicken store expansion in India, the new location is important.

Currently, Starbucks runs 300 locations in 36 Indian cities. Tata Starbucks serves more than 330,000 consumers each week in India and has more than 3,800 staff nationwide. Tata Starbucks enters 14 more cities this year, marking the company’s largest shop expansion in a year. 

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