Coffee Prices Today November 15, 2022: Coffee Prices are back to Plunging

Vietnamese Coffee Exporter
Coffee Prices Today November 15, 2022

Coffee prices today November 15, 2022: The global coffee market continued to decline with Arabica down 4.43% and Robusta down 1.49%. The price of Robusta coffee in London, delivered in January 2023, decreased by 22 USD/ton to 1,802 USD/ton

Coffee prices today November 15, 2022

At the end of the last trading session, the price of Robusta coffee in London, delivered in January 2023, decreased by 22 USD/ton to 1,802 USD/ton, and the delivery price in March 2023 decreased by 27 USD/ton to 1,788 USD/ton.

Price of Robusta coffee traded in London – Coffee Prices Today November 15, 2022

Period Price Change % change Mass Highest The shortest Open door Open contract
01/23 1802 -22 -1.21% 7403 1822 1796 1822 54123
03/23 1788 -27 -1.49% 3866 1814 1782 1814 24108
05/23 1780 -28 -1.55% 1706 1804 1776 1804 12404
07/23 1776 -27 -1.5% 744 1798 1774 1798 4169
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 fell 9.45 cents/lb to 156.75 cents/lb, while the price of arabica coffee delivered in March 2023 fell 7.4 cents/lb. lb to 159.5 cents/pound. decreased, Arabica decreased by 4.43%, making Robusta decrease by 1.49%.

Price of Arabica coffee traded in New York – Coffee Prices Today November 15, 2022

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 156.75 -9.45 -5.69% 13531 167.7 154.1 166.15 16751
03/23 159.5 -7.4 -4.43% 39275 168.4 156.6 166.9 101901
05/23 160.3 -6.4 -3.84% 12312 168.05 157.45 167 34144
07/23 160.55 -6 -3.6 % 4585 167.45 157.9 166.95 16625
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

The reason for the decline, according to expert Nguyen Quang Binh, was due to close to the closing date of trading positions, when the New York Stock Exchange approved a large batch of coffee awaiting certification. Previously, 456,133 pieces of luggage were stored on this floor. for quality control, a number that is surprising to those who do not understand

According to observers, it was actually a series of long-storage vehicles that were removed for re-inspection due to quality doubts. Quantity and quality are not new to new growers signing up for auctions. There is also favorable weather information for the upcoming harvest.

The Brazilian government reports average daily coffee exports for November 2022 at 11,440 tonnes at the end of the second week of the month, compared with 9,200 tonnes in the same period last year. 

Rabobank forecasts Brazil’s coffee exports will reach between 42-43 million bags next year, up from 40 million bags this year. The country’s domestic consumption is also projected to increase by about 500,000 bags, a growth rate of about 2%.

Coffee news: ICO publishes top annual report, urges youth to join coffee

The non-profit International Coffee Organization has released its flagship annual report for the third time, calling on public and private organizations worldwide to support youth participation in agriculture.

The 98-page Coffee Development Report (CDR) 2021 outlines a not-so-distant future in which an aging workforce in coffee-producing countries, combined with rising global coffee demand, threatens both the quantity and quality of global coffee production.

While offering numerous avenues for youth participation in coffee-producing countries (CPCs for short), the report also points to a number of existing forces driving youth away from coffee farming. Including price volatility, low prices, and lack of access to land, capital, and other resources.

Researchers from  Michigan State University  contributed heavily to the report’s findings, while CDR was financially supported by the German Federal Ministry for Economic Development (  BMZ  ) through the agency for international cooperation (  GIZ  )

Among the report’s many revelations is a review of more than 100 best practices for engaging and integrating youth into the coffee value chain. The report also provides policy recommendations for private and public sector actors.

While the first two-thirds of the report focuses on youth participation, the rest focus on the overall coffee market in 2021, which includes a lot of production, export, and price data.

The ICO Coffee Development Report 2021 follows ICO’s first CDR, focusing on economic sustainability among coffee producers, and last year’s report broadly focused on the coffee value chain.

The new report is available for download in English here. According to the ICO, a hard copy of the report will be available for purchase at a later date. A summary of the report in Spanish, Portuguese and French is also available.

Source: https://dailycoffeenews.com/

Read more:

Leave a comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: