Coffee Price Today September 30, 2022: Robusta Immediately Decreased

Vietnamese Coffee Exporter
Coffee Price Today - September 30, 2022

Coffee Price Today  September 30, 2022: The price of London Robusta coffee delivered in November 2022 decreased by 26 USD/ton to 2182 USD/ton.

Coffee Price Today September 30, 2022: Robusta Immediately Decreased

Ending last week’s trading session, the price of London Robusta coffee delivered in November 2022 decreased by 26 USD / ton to 2182 USD/ton for delivery in November 2022, and delivery in January 2023 decreased by 23 USD/ton to 2175 USD/ton.

Price of Robusta coffee traded in London – Coffee Price Today September 30, 2022

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/22 2182 -26 -1.18% 6147 2213 2174 2208 44648
01/23 2175 -23 -1.05% 4007 2202 2167 2202 23611
03/23 2151 -17 -0.78% 1926 2172 2142 2170 16071
05/23 2137 -13 -0.6 % 757 2147 2129 2146 7249
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

In the New York Stock Exchange, the price of arabica coffee delivered in December 2022 fell 3 cents/lb to 225.7 cents/lb, and the price for delivery in March 2023 fell 2.75 cents/lb to 216.85 cents/pound. At the end of the last session, coffee prices fell again on both exchanges.

Price of Arabica coffee traded in New York – Coffee Price Today September 30, 2022

Period PriceCoffee price Change % change Mass Tallest The shortest Open door Open contract
12/22 225.7 -3 -1.31% 14676 229.75 224.2 228.2 90006
03/23 216.85 -2.75 -1.25% 7944 220.75 215.5 218.85 46948
05/23 211.55 -2.35 -1.1 % 3904 214.95 210.25 213.15 25264
07/23 207.5 -2.35 -1.12% 1160 211 206.55 209.15 5017
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Since the beginning of the week, the global coffee market has fluctuated wildly. According to experts, the cause is the DXY index, the USD exchange rate is not stable. At the beginning of the trading session on September 30 (Vietnam time). ) in the US market, the US Dollar Index (DXY), which measures the volatility of the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.84%. down 111.77. However, it is still high with registrations over the past 20 years.

US GDP growth is expected to slow from 3.9% to 1.6% in April 2022. The downward revision reflects the strength of the US Federal Reserve (Fed). The fact that the Federal Reserve continues to raise interest rates has made speculators reluctant to stay out of the market. Market concerns about a continuing global recession and rising USD interest costs have put the market prices of commodities under pressure.

Daily Coffee News: More young people than ever are daily coffee drinkers

According to the most recent Coffee Data Trends study, a record number of young individuals, aged 18 to 24, are consuming coffee in the United States, with 51% claiming to have drunk some kind of coffee the previous day. Published in national approval (NCDT). provided by the National Coffee Association (NCA).

It continues a rise in young people’s coffee consumption since the pandemic began, and it is the greatest figure recorded since the survey started tracking consumption patterns by age demographic. 50% was the previous high for those aged 18 to 24, which was planned for 2020.

Since 1950, the NCDT study has been tracking coffee consumption patterns among Americans and has been dubbed the “American Coffee Map” by the nonprofit NCA. The report stops being published every week in 2020. to spring and autumn issues each year. For $1,499 for non-NCA members and $499 for NCA members, the Fall Report is currently available.

One of the highlights of the autumn edition, according to the NCA, a nonprofit organization whose members include many of the biggest coffee roasters and merchants in the country, relates to economic instability.

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