Coffee Price Today October 28, 2022: Price Coffee on Two Floors is Opposite

Vietnamese Coffee Exporter
Coffee Price Today October 28, 2022 - Helena Coffee Vietnam

Coffee Price Today October 28, 2022: Robusta sometimes increased strongly when entering the oversold area for many sessions but was still restrained by the USD. The price of Robusta coffee in London delivered in January 2023 increased by 3 USD / ton to 1878 USD / ton.

Coffee Price Today October 28, 2022

Ending the last trading session of the week, the price of Robusta coffee in London delivered in January 2023 increased by 3 USD / ton to 1878 USD / ton, delivered in March 2023 remained at 1864 USD / ton.

Price of Robusta coffee traded in London – Coffee Price Today October 28

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1878 +3 +0.16% 10595 1909 1875 1879 47125
03/23 1864 0 0% 2811 1893 1862 1866 19422
05/23 1855 -2 -0.11% 1363 1884 1852 1861 10287
07/23 1850 -3 -0.16% 521 1879 1848 1857 2290
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, arabica coffee for December delivery fell 0.9 cents/lb to 178.85 cents/lb, while March 2023 delivery fell 0.35 cents/lb 176. 95 cents/pound. During the past trading session, the falling Robusta price sometimes rallied and broke the $1,900/ton mark.

Price of Arabica coffee traded in New York – Coffee Price Today October 28

Period PriceCoffee price Change % change Mass Highesst The shortest Open door Open contract
12/22 178.85 -0.9 -0.5 % 19879 183.6 178.1 181 72819
03/23 176.95 -0.35 -0.2 % 16275 180.75 176.15 178.95 76487
05/23 175.85 +0.05 +0.03 % 7439 179 174.95 176.8 29206
07/23 174.65 +0.15 +0.09 % 2425 177.5 173.8 175.4 10073
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

However, towards the end of the session, the strength of the USD pushed this coffee item lower. Meanwhile, the exchange rate also means that arabica outperforms coffee on the London exchange.

According to technical analysis, although the RSI has dropped deep into the oversold area for many sessions and touched 20.81%, the cash flow has not yet created a bottom to open long positions, the market continues to sell. causing Robusta to drop in price.

Recently, the coffee market has continuously declined when the USD is high, consumption is weak and especially the supply is abundant when Vietnam enters the harvest season.

The Vietnam Coffee and Cocoa Association believes that there is not much pressure in the short term as annual coffee production will increase significantly from November to January. Early weather continues to be a factor holding back the recovery momentum. retracement of arabica coffee prices.

In addition, a production increase of 11.5% is also expected for Costa Rica in the new crop year. Abundant supply while concerns about reduced consumer demand due to inflation caused coffee prices to plunge after a series of negative days.

Coffee News Today: Strong Coffee Sales Boost Keurig Dr. Pepper’s Q3

Despite supply chain difficulties that hindered operations earlier this year, KDP noted coffee sales as a significant contribution to $3.62 billion in third-quarter revenue. Sales of single-serve pods and commercial coffee systems increased for Texas-based Keurig Dr. Pepper in the third quarter of 2022.

The coffee and beverage firm managed by JAB Holdings announced statistics for the quarter ending September 30, 2022, and they showed an increase in overall net sales of 11.4% to $3.62 billion from $3.25 billion during the same period in 2021.

Regarding coffee, retail sales of single-serve pods made by Keurig Dr Pepper in IRi monitored channels increased 4% while its dollar market share stayed at 82%. According to the business, growth in untracked channels has been greater. Due to an 8% rise in product pricing, Keurig Dr. Pepper’s commercial coffee system’s net revenues for the quarter increased 5% to $1.2 billion.

CEO Ozan Dokmecioglu stated that Keurig Dr. Pepper’s coffee business is gradually recovering from the prior quarter’s worldwide supply chain interruption and anticipates an increase in coffee sales in the fourth quarter.

After JAB Holding Company purchased US beverage maker and distributor Dr Pepper Snapple, Keurig Dr Pepper was launched in July 2018. In a $18.7 billion transaction, the German conglomerate combined the firm with coffee retailer Keurig Green Mountain.

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