Coffee Price Today October 26, 2022: Arabica Lowest in 1 Year

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Coffee Price Today October 26, 2022 - Helena Coffee Vietnam

Coffee Price Today October 26, 2022: Coffee prices continued to trend down as commodity funds and investors continued to sell strongly. The price of Robusta coffee in London for delivery in January 2023 decreased by 5 USD / ton to 1,948 USD / ton

Coffee Price Today October 26, 2022

At the end of the last session, the price of Robusta coffee in London for delivery in January 2023 decreased by 5 USD / ton to 1,948 USD / ton, the price for delivery in March 2023 decreased by 6 USD / ton to 1,933 USD / ton.

Price of Robusta coffee traded in London – Coffee Price Today October 26, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1948 -5 -0.26% 14662 1971 1923 1960 44509
03/23 1933 -6 -0.31 % 3887 1956 1910 1947 19797
05/23 1923 -10 -0.52 % 1797 1948 1903 1942 10043
07/23 1919 -10 -0.52 % 244 1939 1899 1939 2099
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, arabica coffee for December delivery fell 4.6 cents/lb to 185.8 cents/lb, March 2023 delivery fell 2.45 cents/lb at 182. 5 cents/lb. Coffee prices hit the bottom in the past 1 month. At the end of the session yesterday, Arabica fell the most in 13 months and Robusta fell the lowest in 13 weeks.

Price of Arabica coffee traded in New York – Coffee Price Today October 26, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 185.8 -4.6 -2.42 % 29260 192.8 183.3 191.1 76624
03/23 182.5 -2.45 -1.32% 21642 187.25 180.2 185.5 70953
05/23 180.4 -1.6 -0.88% 7396 184.1 178 183.2 29381
07/23 178.8 -1.35 -0.75% 2727 182.15 176.4 180.8 8945
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Coffee prices continued their downward trend as commodity funds and investors continued to liquidate their net positions amid increasing interest rate pressures and the possibility that the global recession would last until the end of 2023.

Pressure on the London exchange is still waning. Vietnam has officially entered the harvest of the new coffee crop year 2022/2023 with an estimated output of more than 30 million bags, which will be put on the market in the next 5-7 weeks.

In addition, London Soil Standard Robusta stocks also increased by 390 tons to 89,810 tons as of October 20. New York standard coffee stocks on October 21 fell to 23,435 tons.

Information predicting an upcoming bumper crop in Brazil continues to have a potential impact, limiting the recovery of arabica coffee prices. This is also an excuse for speculators to push the price down. In addition, Arabica decreases continuously and cannot be recovered over time.

World Coffee News: Bad Ass Coffee signs biggest development deal to date

The Hawaiian coffee brand has agreed to create 20 units in Florida, USA, as part of its 150 new sites over the following five years strategy. The 20-unit development agreement along Florida’s Gulf Coast is the brand’s greatest growth agreement to date, according to Bad Ass Coffee of Hawaii.

The firm sees Florida as one of its strongest regional markets since consumers are already familiar with its seven current locations in this state. The company plans to expand from 30 outlets to 180 stores across the US in the next five years.

With the help of Marquee Coffee LLC, a brand-new franchise partner who was assembled especially to expand Bad Ass Coffee in Florida, 20 additional stores will be opened. By 2030, Marquee Coffee LLC hopes to have 20 outlets operating, with the first ones debuting in 2023.

Up to this point in 2022, Bad Ass Coffee has launched 5 new locations, and it anticipates opening 5 more before the year is up. In addition, 13 sites are being built by the firm, and 79 more apartments have already been sold.

The Big Island of Hawaii-based firm, which was established in 1989, claimed an increase in average unit output of 66% in the first half of the year compared to 2021.

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