Coffee Price Today October 21, 2022: Robusta Price Rebounds

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Coffee Price Today October 21, 2022 - Helena Coffee Vietnam

Coffee Price Today October 21, 2022: Robusta coffee prices rebounded strongly when they plunged into the overbought area after falling for 6 consecutive sessions.

Coffee Price Today October 21, 2022

Ending the last trading session of the week, the price of Robusta coffee for November 2022 in London increased by 33 USD / ton to 2045 USD / ton, and the term for January delivery in January 2023 increased by 41 USD / ton to 2041 USD / ton.

Price of Robusta coffee traded in London – Coffee Price Today October 21 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2045 +33 +1.64 % 5502 2066 1997 2013 13834
01/23 2041 +41 +2.05 % 18198 2063 1991 1993 36236
03/23 2019 +38 +1.92 % 6949 2038 1978 1980 20852
05/23 2008 +38 +1.93% 2425 2025 1970 1980 9588
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, while the price of arabica coffee delivered in December 2022 fell 1.25 cents/lb to 191.05 cents/lb, the price for delivery in March 2023 fell 0.85 cents/lb to 186,4 cents/pound.

Price of Arabica coffee traded in New York – Coffee Price Today October 21, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 191.05 -1.25 -0.65% 20908 194.6 188.2 190.15 76047
03/23 186.4 -0.85 -0.45% 12342 189.8 183.75 185.95 69416
05/23 183.85 -0.85 -0.46% 4887 187.25 181.25 183.8 26535
07/23 182.35 -0.85 -0.46% 1801 185.7 179.9 182.8 7670
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Robusta coffee prices rebounded while staying deep in the overbought area after 6 consecutive declines. Although Arabica has not yet recovered. The domestic market continued to sell strongly due to abundant supply.

Favourable news about rain and wind in Brazil promising a bumper crop year continues to push prices down despite coffee stocks. ICE minimum standards are decreasing, but coffee availability in consuming countries remains abundant, putting pressure on arabica coffee prices.

Light to moderate rain is forecast for the next five days, according to Maxar forecasters. Sales were more than expected in Brazil in the coming days as the local currency continued to depreciate and appreciate against the USD.

World Coffee News: 15 producers won the title of Best Thailand Auction Head.

In the Cup of Excellence (CoE) pilot program for Thai green coffee dubbed Best of Thailand, fifteen coffee batches have been named champions.

Prior to an online auction on November 17th, sample sets from 15 of the winning coffees are now being sold by CoE’s sibling NGO, the Alliance for Coffee Excellence (ACE). The $300 sample set can be purchased without being an ACE member.

Across order to launch a pilot program that, if successful, might eventually lead to the implementation of a complete CoE program in the nation, ACE has teamed up with private businesses KVN Import Export (1991) and Coffee Therapy (Thailand). In eight different nations that produce coffee, there have been CoE events and auctions in 2022.

The winning coffees at Best of Thailand primarily originate from the north of the nation and feature eight different types of arabica and four different post-harvest methods from 60 to 150 kilogram in lot sizes.

The competition for producing coffee had 100 farmers in all, and after multiple rounds of examination on the national and international levels, 15 farmers were declared the champions.

Farmer Caleb Jor Dance of Caleb Gem Forest Coffee produces the coffee that received the highest rating. The coffee, a washed Gesha type, received a score of 92.82 and was cultivated at the highest level of any coffee entered in the competition.

 

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