Coffee Prices Today – October 7, 2022: Coffee Prices Fell Deeply

Vietnamese Coffee Exporter
Coffee Prices Today - October 7, 2022 - Helena Coffee Vietnam

Coffee Prices Today – October 7, 2022: Coffee prices drop sharply, especially in Arabica. Robusta has been sold and is at its lowest level in more than a month.

Coffee Prices Today – October 7, 2022: Coffee Prices Fell Deeply

At the end of the last trading session of the week, the price of London Robusta coffee term November 2022 decreased by 33 USD / ton to 2140 USD / ton in November 2022, the term for delivery in January 2023 decreased by 28 USD / ton to 2139 USD.

Price of Robusta coffee traded in London

Period Price Change % change Mass Highest The shortest Open door Open contract
11/22 2140 -33 -1.52 % 9253 2179 2134 2165 37252
01/23 2139 -28 -1.29% 10356 2171 2133 2159 27148
03/23 2118 -26 -1.21% 3151 2147 2113 2137 18374
05/23 2105 -24 -1.13% 641 2129 2103 2129 7335
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 6.95 cents/lb to 217.7 cents/lb, and the price for delivery in March 2023 fell 7 cents/lb to 207.65 cents / lb. pounds. The strong USD in the last session of the year dragged down the price of coffee, especially arabica.

Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Highest The shortest Open door Open contract
12/22 217.7 -6.95 -3.09 % 22827 226.45 216.75 226.25 82587
03/23 207.65 -7 -3.26% 12424 216.25 207 216.05 53470
05/23 203.3 -6.6 -3.14% 5912 211.4 202.65 210.9 25483
07/23 200.55 -6.25 -3.02% 2650 208.25 199.8 208 5207
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Robusta sold out at the lowest level in more than a month. At the beginning of the trading session on October 7 (Vietnam time), the US Dollar Index (DXY) measures the volatility of the dollar in the US market. Six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) rose 1.15% to 112.23.

The dollar continued to rise for the second session in a row as investors anticipate that the positive US Nonfarm Payrolls report will prompt the US Federal Reserve (Fed) to continue tightening policy during the period. next time. Due to short-term supply bottlenecks, coffee prices once rose again.

Exports from Brazil and Colombia fell, making arabica supplies tight and December transactions topped the supply contracts. The International Coffee Organization (ICO) said that from October 2021 to August 2022, Brazil’s exports fell by 27.2%, while that of Colombia fell by 18.7%. This year’s coffee production in Brazil was recently revised due to unfavourable weather.

Coffee news: Costa Coffee continues US expansion with second store and new RTD range

The coffee brand, which is owned by Coca-Cola, has launched its second location in the United States in Atlanta, Georgia, and plans to introduce ready-to-drink (RTD) beverages across the country in the upcoming months.

The United States’ first line of RTD coffees will soon be available from UK-based Costa Coffee, which also recently launched its second physical location in the country.

Atlanta, Georgia will host the opening of Costa Coffee’s first physical location in the US in August 2022. At the Goizueta School of Business at Emory University in Atlanta, a second facility is now operational. At the Student & Academic Activity Center, Emory University Clairmont Campus has an elegant Costa Coffee.

Coca-Cola also has plans to expand the Costa Coffee product line in the US. At the NACS conference for convenience store operators in New York City, the company announced the introduction of its first RTD product line. From October 2–4, 2022, in Las Vegas.

Read more:

Leave a comment

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

%d bloggers like this: