Coffee price today October 31, 2022: Coffee prices down to the lowest

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Coffee price today October 31, 2022

Coffee price today October 31, 2022: Coffee prices continued to fall on two exchanges, pushing coffee prices down to the lowest level in the past 15 months.

Coffee price today October 31, 2022

The price of Robusta coffee on the London floor before the opening session on October 31 for delivery in January 2023 reached $ 1,849 / ton; Delivery time in March 2023 is $1,837/ton; May 2023 reached 1,827 USD/ton; open trading receive monthly 07/2023 matching price at 1822 USD / ton.

Price of Robusta coffee traded in London – Coffee price today October 31, 2022:

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1849 -29 -1.54% 13110 1883 1833 1879 47531
03/23 1837 -27 -1.45% 6518 1870 1824 1866 19696
05/23 1827 -28 -1.51 % 2125 1860 1817 1857 10252
07/23 1822 -28 -1.51 % 601 1856 1813 1852 2546
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

The price of arabica coffee on the New York Stock Exchange prior to the October 31 opening was recorded at 1,69.8 cents/lb for December 2022 coffee; reached 167.75 cents/pound for delivery in March 2023; 166.85 cents/pound for May exchange and close for July 2023 delivery at 166.25 cents/pound.

Price of Arabica coffee traded in New York – Coffee price today October 31, 2022:

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 169.8 -9.05 -5.06% 30933 179.65 167.75 178.85 72759
03/23 167.75 -9.2 -5.2% 24679 177.35 165.95 176.5 77480
05/23 166.85 -9 -5.12% 13397 176.05 165 175.5 28884
07/23 166.25 -8.4 -4.81 % 8292 174.9 164.4 174.85 10714
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Unsurprisingly, global coffee prices continued to fall last week. However, the sharp drop in prices surprised many economists, when the price of coffee on the London and New York exchanges fell to the lowest level in more than a year, especially since the price of Robusta coffee on the exchange in London in the previous session reached $1,849/mt for January 2023 delivery, down nearly $150/mt from the previous week.

Similarly, arabica coffee on the New York exchange for delivery in December 2022 also lost 21.1 cents/lb compared to the previous trading week.

Although the cause is stress, the US Federal Reserve (Fed) is afraid of raising interest rates at the next meeting. But the fact that the world coffee price continued to fall from its lowest level, lower than when the world was at the peak of the fight against Covid-19 (about from August to October 2021). are worrying many investors.

Another reason why the world coffee price fluctuates is that the supply of coffee is quite abundant, and while the risk of an economic crisis may exist, people prioritize spending on essential necessities.

World Coffee News: In Fort Collins, Fox Den launched a zero-waste cafe model

The Fox Den No Waste Cafe & Roastery is a world-class coffee shop community located in the pleasant setting of a northwest neighborhood in Fort Collins, Colorado. The 1,200 square foot boutique, which sells vintage furniture, is also progressive and supports zero waste initiatives.

What Acheson designed is a comfortable cafe with vintage furnishings, vibrant carpets, and a bar ornamented with coffee cups from thrift shops where coffee is served. Visitors may also purchase or bring their own glass jar.

Customers of Fox Den can purchase No Waste coffee in bulk and make payments at a weighing station in the rear area. Additionally, the store offers green household goods, leisure things, and other locally produced recyclable and compostable goods.

A three-group Rancilio Epoca coffee maker and many Elektra grinders are included in the coffee bar’s entire set of equipment. Acheson roasts the coffee using a 3-kg Mill City Roasters roaster to create blends with names like Foxy Gal, Black Eyed Fox, and Tulum. Through the importer InterAmerican Coffee, coffee is provided to the business from many different nations.

Single-origin beans and mixes are used to create hot or iced lattes, cortados, cappuccinos, and cold beers within the shop. Lavender, rosemary, sage, vanilla, and mocha are among the homemade syrups.

Additionally, customers may choose from a variety of gourmet jams and peanut butter sandwiches such Og (peanut butter and marmalade on bread), Foco – Co Berry (peanut butter, Nutella, and jam), and Ikle Me Pickle Me. Pastries include vegan macaroons and gluten-free coconut macaroons (peanut butter and pickle on sourdough).

Acheson started a No Waste business in March of this year after relocating with a history in coffee from California to Fort Collins in 2021 and looking for quick assistance in the developing Colorado metropolis.

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