Coffee prices today September 14, 2022: Robusta continues to fall

Vietnamese Coffee Exporter
Coffee prices today September 14, 2022

Coffee prices today September 14, 2022: The price of Robusta coffee decreased by 24 USD (1.06%) to 2,239 USD / ton at the end of the session on September 13 on the ICE Futures Europe – London exchange for the November delivery term, January delivery term. 2023 is down $22 (0.98%) and is trading at $2,230/ton.

Coffee prices today September 14, 2022: Robusta continues to fall

On the international floor, the price of Robusta coffee decreased by 24 USD (1.06%) to 2,239 USD / ton at the end of the session on September 13 on the ICE Futures Europe – London exchange for November delivery term, January delivery term. 2023 is down $22 (0.98%) and is trading at $2,230/ton. Low trading volume.

Price of Robusta coffee traded in London – September 14, 2022

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/22 2239 -24 -1.06% 6916 2270 2225 2258 51931
01/23 2230 -22 -0.98% 2648 2259 2218 2248 24188
03/23 2206 -20 -0.9 % 1165 2232 2194 2223 15207
05/23 2195 -20 -0.9 % 358 2220 2193 2218 6077
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

The price of arabica coffee on the ICE Futures US – New York exchange continued to fall sharply, December 2022 delivery fell 4.05 cents (1.80%) to trade at 220.70 cents/pound when futures delivery March is down 3.75 cents/pound (1.71%) in 2023, trading at 215.45 cents/lb. High volume.

Price of Arabica coffee traded in New York – September 14, 2022

Period PriceCoffee price Change % change Mass Tallest The shortest Open door Open contract
12/22 220.7 -4.05 -1.8 % 20993 226 217.15 224.8 101301
03/23 215.45 -3.75 -1.71% 5948 220.15 212 219.65 49409
05/23 212 -3.65 -1.69% 2805 216.6 208.75 215.95 24375
07/23 209.2 -3.45 -1.62% 766 214.65 206.05 214.65 4920
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Analysts say that the technical indicators are still showing neutral signals, so in the short term, the price is expected to fluctuate between 2200-2360. Meanwhile, the real is strong for arabica coffee and it is currently trading around 1 USD = 5.0970 BRL. This exchange rate is no longer attractive enough for Brazilian farmers to sell. Reports of rain in some parts of Brazil and the forecast of continued rain for the next two weeks have helped ease concerns about dry weather in key Brazil’s coffee-growing regions.

As a result, arabica coffee prices also lost their upside support, falling more than coffee on the London floor. According to technical analysis, the bearish momentum of arabica remains near the area in the short term. Support is at 220-221.

World Coffee News: Heine Brothers becomes the second largest consolidated coffee chain in the US

Last weekend, employees at 17 Heine Brothers Coffee outlets in and around Louisville, Kentucky, cast union support ballots.

After Milwaukee-based Colectivo Coffee, Heine Brothers is now the second-largest consolidated coffee chain in the US.

Although each employee is represented by a specific location, Starbucks boasts the most cohesive workforce in the coffee industry.

In May, a group of Heine Brothers employees announced their intention to organize. Subsequently, some employees claimed that their employers engaged in union-sabotage tactics in order to force the election. The majority last week approved the election.

Gary Heine and Mike Mays established Heine Brothers in 1994, and since then, they have expanded to 18 coffee shops with over 200 staff members. When DCN contacted the corporation for comment, they didn’t answer.

Following a surge of popular unionization efforts in the specialty coffee sector, including at Colectivo, Intelligentsia Coffee, and Peace Coffee, the Heine Brothers election was held.

Read more:

Robusta Green Coffee Beans From Vietnam – Helena Coffee 

The Conversion Of A Fresh Coffee Aroma 

How to Create a Food Menu for a Cafe 

 

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