Coffee Price Today October 25, 2022: Continuing The Downward Trend

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Coffee Price Today October 25, 2022 - Helena Coffee Vietnam

Coffee Price Today October 25, 2022: On both world coffee floors, coffee prices continued to decline. The price of Robusta coffee continued to decline sharply. The price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 decreased by $44 ($2,30.2) to $1,957 per ton.

Coffee Price Today October 25, 2022

At the end of the first session of the week (October 25), the price of Robusta coffee continued to decline sharply. The price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 decreased by $44 ($2,30.2) to $1,957 per ton. Meanwhile, shipments in January 2023 fell $43 (2.15%) to $1,953/mt.

Price of Robusta coffee traded in London – Coffee Price Today October 25

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 1957 -44 -2.2 % 6751 2027 1952 2001 11671
01/23 1953 -43 -2.15% 15918 2022 1946 1991 40033
03/23 1939 -41 -2.07% 2560 2003 1933 1979 19162
05/23 1933 -38 -1.93% 635 1990 1927 1972 9962
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

Average trading volume. The price of arabica coffee on ICE Futures US – New York is still trending down despite slight fluctuations. , for March 2023 delivery, fell 0.85 cents/pound (0.46%) to trade at 184.95 cents/pound. Trading volume increased on average.

Price of Arabica coffee traded in New York – Coffee Price Today October 25

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 190.4 -0.5 -0.26% 19273 194.15 188.9 190.05 79035
03/23 184.95 -0.85 -0.46% 11865 188.5 183.45 185 72491
05/23 182 -1.05 -0.57 % 5441 185.6 180.7 182.5 29428
07/23 180.15 -1.45 -0.8 % 3033 183.8 179.05 181.55 8469
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

The price of Robusta coffee last week decreased, not increased, the declines were quite strong, causing the price on the derivatives floor to decrease by $ 55. Especially in the first trading session of the week, the price of Robusta coffee continued to fall sharply, up to more than $40, much lower than the $2000 threshold. Arabica coffee last week had 5 consecutive sessions of sharp decline all week. Trading volume remains above average.

The continued appreciation of the Brazilian real against the dollar has somewhat dampened the selling momentum of manufacturers. Coffee prices in general maintained a downward trend, but Arabica fell slightly more than Robusta. Speculators most likely use the currency and inventory factor. This data led to an incessant sell-off in coffee prices, forcing coffee prices down steadily.

Arabica is at a 13-month low and there is no sign yet. The signal is bullish even though the price has been in the oversold zone for a long time. Technical analysis shows that the data still has bearish momentum.

The price is expected to fall further in the short term and find support in the 185-187 range, however, the possibility of a quick correction and technical recovery is not excluded as the price entered the oversold zone very early.

World Coffee News: Just Love Coffee Café targets rapid expansion in the United States.

With 29 strong members, the cafe franchise operator has 85 new outlets under construction and intends to quadruple the number of stores every year. Just Love Coffee, located in Tennessee, has revealed an ambitious development strategy to quadruple the number of locations annually starting in 2023.

The franchise owner presently operates 29 locations in 23 different US states, and another 85 are being built. New stores are slated to open in Tennessee, Texas, Nebraska, Mississippi, Kentucky, Colorado, and Georgia, according to the company’s website.

Since its inception in 2009, Just Love Coffee Café has served outstanding coffee along with a complete breakfast, lunch, and supper menu. The business announced its most recent expansion into a “aggressive” franchise development strategy targeted at what it calls underdeveloped locations with populations of 10,000 or fewer.

Just Love Coffee, located in Tennessee, has revealed an ambitious development strategy to quadruple the number of locations annually starting in 2023. The franchise owner presently operates 29 locations in 23 different US states, and another 85 are being built.

New stores are slated to open in Tennessee, Texas, Nebraska, Mississippi, Kentucky, Colorado, and Georgia, according to the company’s website. Since its inception in 2009, Just Love Coffee Café has served outstanding coffee along with a complete breakfast, lunch, and supper menu.

The company noted its recent expansion to an ‘aggressive’ franchise development plan focused on what it describes as underserved markets with populations of 10,000 or less. 

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