Coffee prices today – October 6, 2022: Coffee prices turn to increase slightly

Vietnamese Coffee Exporter
Coffee prices today - October 6, 2022

Coffee prices today – October 6, 2022: The price of arabica coffee continued to increase due to speculation and buying again. Meanwhile, robusta is weakening due to the influence of source information. The economic situation is bleak in the euro area.

Coffee prices today – October 6, 2022: Coffee prices turn to increase slightly

At the end of the last session, the price of Robusta coffee in London for delivery in November 2022 increased by 1 USD / ton to 2173 USD / ton, and the price for delivery in January 2023 increased by 4 USD / ton to 2167 USD / ton.

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2173 +1 +0.05 % 6613 2183 2158 2170 39075
01/23 2167 +4 +0.18% 6410 2173 2150 2160 25058
03/23 2144 +4 +0.19% 1726 2151 2127 2130 17682
05/23 2129 +4 +0.19% 203 2135 2113 2125 7343
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 increased by 5.35 cents/lb to 224.65 cents/lb, and the price of coffee delivered in March 2023 increased by 4.05 cents/pound to the level. 214.65 cents/pound. The price of arabica coffee per pound continues to increase due to the buying speculation again.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 224.65 +5.35 +2.44% 24398 226.3 218.1 219.65 84706
03/23 214.65 +4.05 +1.92 % 15509 216.2 209.5 210.75 49804
05/23 209.9 +3.8 +1.84 % 6899 211.3 204.9 206.5 26650
07/23 206.8 +3.6 +1.77 % 1652 208.15 201.95 203.85 5061
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

The market received further impetus from a report by the National Coffee Federation of Colombia (FNC) showing that exports in September plummeted 25% year-on-year to just 820,000 bags. Thereafter, cumulative exports for the first nine months of 2022 fell 6.2% year on year to 8.58 million bags. Colombia is a producer and exporter of high-quality wet-processed Arabica coffee. Best in the world.

Meanwhile, Robusta increased but not significantly. Robusta is wobbling thanks to supply data and a gloomy economic picture in the euro area. Robusta stocks meet London’s minimum standards. It recorded another increase on October 3, reaching 94,900 tonnes.

World coffee news: US consumers crave oat milk as operators embrace milk alternatives

World Coffee Portal’s Project Café USA 2023 report shows that US consumers’ appetite for oat milk continues to grow as operators and manufacturers across the country increase investment in the product. milk substitute.

Oatmilk continues to gain popularity among US consumers, with the number of customers surveyed choosing it as their favorite accompaniment increasing by nearly 7% since 2020.  

Although many US consumers surveyed still prefer almond milk when buying their coffee, with 28% regularly ordering it as their preferred plant-based milk substitute, operators seem to want to capitalize on the significant growth in oat milk consumption. 

Swedish alternative milk brand OFast plans to significantly increase oat milk production in the US with a new 280,000-square-foot production facility in Texas slated to open in 2023. The site is the base. The company’s third manufacturing facility in North America, and one of nine the Malmö-based company will open globally by the end of next year.      

Meanwhile, Danone Manifesto Ventures invested in London-based oat milk and coffee brand Minor Figures in June 2022. The brand, which launched in the US in 2019, says the backing support will help them strengthen its position across retail stores in the US. and coffee shops.    

Half of U.S. industry leaders surveyed believe dairy-free is the most health- and longevity-based trend, consistent with coffee chains’ push for milk alternatives leading nationwide.    

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