Coffee prices today September 16, 2022: Arabica falls deeply

Vietnamese Coffee Exporter
Coffee prices today September 16, 2022

Coffee prices today September 16, 2022: The price of Robusta coffee decreased slightly by 4 USD (0.18%) to stand at 2,226 USD/ton. After many consecutive falling sessions, Arabica prices recovered slightly when inventories on the New York Stock Exchange were at low levels.

1. Coffee prices today September 16, 2022: Arabica falls deeply

 

1.1. Price of Robusta coffee traded in London

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/22 2226 -4 -0.18% 6372 2258 2215 2225 50365
01/23 2214 -5 -0.23% 5260 2239 2201 2221 23803
03/23 2186 -7 -0.32% 3204 2208 2174 2184 15528
05/23 2173 -8 -0.37% 259 2191 2170 2185 6157
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

On the international floor, at the end of the session on September 15, on the ICE Futures Europe – London for delivery in November, the price of Robusta coffee decreased slightly by 4 USD (0.18%) to stand at 2,226 USD/ton. Meanwhile, in January 2023, respectively, decreased by 5 USD (0.23%) and traded at 2,214 USD / ton low trading volume.

1.2. Price of Arabica coffee traded in New York

Period PriceCoffee price Change % change Mass Tallest The shortest Open door Open contract
12/22 216.4 +1.55 +0.72% 14314 217.55 214.3 217.05 100265
03/23 211.2 +1.05 +0.5 % 4658 212.45 209.4 212.45 50224
05/23 207.95 +1.1 +0.53 % 2758 209.25 206 208.25 25868
07/23 205.2 +1.15 +0.56 % 782 206.55 203.5 206.2 4865
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

Arabica coffee prices rose on ICE Futures US – New York, leading in December 2022 to 1.55 cents (0.72%), trading at 216.4 cents/lb. While first up 1.05 cents/pound (0.50%) in March 2023, it traded at 211.2 cents/pound average trading volume.

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The price of arabica coffee turned around but only increased slightly as speculators continued to be strong net sellers. Concerns that interest rates next year could be higher if the US Federal Reserve (Fed) raises 1% will make sense for the market. Besides, there are still many views that the Fed’s strong hand can restrain economic growth, increasing the risk of recession.

Robusta stockpiles reported on London soil increased by 240 tonnes on the first day of the week. New York arabica stocks have fallen for eight consecutive weeks and are now at 88,850 tonnes (1,480 million bags), a rare low.

2. Coffee News Today: US coffee shop market recovers to near pre-pandemic levels

According to the annual industry study of the Allegra Group’s Café USA Project 2023, the US coffee shop market has recovered in value over the previous 12 months to 96% of pre-pandemic levels.

By 2022, sales bounce back to $4.5 billion, up 10% from the present market value of $45.8 billion.

With an increase of 2.8% to a current total of 38,411 establishments, the market has already surpassed pre-pandemic levels in terms of store openings.

The survey claims that the countrywide recovery has been aided by young people’s hunger for iced beverages and beverages with espresso as a foundation.

This is in line with the expansion of conveniences like drive-through, delivery, and preordering.

Starbucks still holds a 41% overall market share, making it the leading retailer of coffee shops in the US. In actuality, during the course of the last year, 302 new outlets with green sirens have opened, which is more than Starbucks has done since the epidemic.

Dutch Bros, an Oregon-based company with more than 600 shops and sales of more than $1 billion in the 12 months that concluded on June 30, 2022, was the big chain with the fastest percentage growth, expanding by 28% from today.

Additionally expanding quickly, Scooter’s Coffee and Biggby Coffee now have 490 and 320 outlets, respectively.

The analysis predicts that the US coffee shop market value would increase further due to the demand for quality coffee outside the house to USD 55.9 billion or more by September 2027, in addition to the present recovery trend. increased steadily for US clients.

The research also issues a warning that businesses’ difficulties in finding and keeping skilled employees may impede further development.

Rising inflation, a higher cost of living, and less consumer disposable income might all hinder development and force some businesses to hike prices or close locations.

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