Coffee Prices Today – September 1, 2022: Closing on August 31, the price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 decreased by 11 USD (0.49%).
Coffee Prices Today – September 1, 2022
Closing on August 31, the price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 decreased by 11 USD (0.49%) to trade at 2,250 USD/ton, down 7 USD (0.31%), and deals at $2,238/t. Average trading volume.
The price of arabica coffee on the ICE Futures US – New York for delivery in December was revised up slightly by 0.05 cents (0.02%) to trade at 235.25 cents/lb. While the lead was up 0.20 cents/lb (0.09%) in March 2023, it traded at 228.6 cents/lb. Volume is above average.
Coffee prices continued to fall, except for arabica. They have been slightly adjusted for delivery in December 2022. Coffee prices have steadily declined as the hot cash flow eases. Commodity markets seek refuge.
Speculative capital fleeing many of the broader commodity markets to safe havens as high risk aversion sent US Treasury yields even higher. The falling real exchange rate against the USD has encouraged Brazilians to sell their coffee exports and the weather forecast for southern Brazil Coffee growing regions will see light rain sporadically in the coming days to ease drought stress .
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According to the Global Coffee Platform, eight of the largest roasters and merchants in the coffee sector boosted their purchases of sustainable coffee in 2017.
Insights on the sustainable coffee purchases made by JDE Peet’s, Melitta Group, Keurig Dr. Pepper, Nestlé, Strauss Coffee, SUPRACAFÉ, Tesco, and Westrock Coffee are provided in the GCP Snapshot 2021 report.
The Global Coffee Platform claims that the participating businesses offer “leadership, action, and effect to support increasing sustainable coffee production and consumption.”
Businesses bought 1.2 million tons of sustainable coffee in 2021, up to 55% from the previous year. Due to the two businesses exchanging data in 2021 that wasn’t included in the prior year’s total, this indicates a 29% rise over 2020.
2.2 million tons of green coffee were purportedly acquired by businesses throughout the time period.
The Global Coffee Platform evaluates transactions against its Base Coffee Code, including purchases conducted in collaboration with sustainability initiatives, to determine if they qualify as sustainable coffee purchases. like Certifica Minas, Rainforest Alliance/UTZ, Fairtrade, and Enveritas Gold.
The Global Coffee Platform reports that 82% of the 986,980 tonnes of green coffee purchased from the food and beverage business in the US and 99% of the 126,104 tonnes of green coffee purchased from Keurig Dr Pepper in the US match sustainability requirements. Swiss-based Nestlé.