Coffee Prices Today – September 23, 2022: Robusta Rebounds after Many Days of Decline

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Coffee prices today - September 23, 2022 - Helena Coffee Vietnam

Coffee prices today – September 23, 2022: Closing on September 22, the price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 increased by 12 USD.

Coffee prices today – September 23, 2022

Closing on September 22, the price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 increased by 12 USD (0.54%) and traded at 2,238 USD / ton for delivery in January 2023, up 13 USD. (0.59%) and traded at $2,225/ton. Low trading volume.

Price of Robusta coffee traded in London – September 23, 2022

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/22 2238 +12 +0.54 % 5399 2240 2200 2223 45830
01/23 2225 +13 +0.59 % 3143 2226 2188 2209 24328
03/23 2196 +11 +0.5 % 576 2197 2161 2182 15679
05/23 2181 +10 +0.46% 137 2181 2156 2168 6373
Unit: USD($)/ Ton Coffee priceTrading unit: lot = 10 tons

 

The price of arabica coffee on the ICE Futures US – New York exchange continued to decline sharply, December 2022 delivery increased by 2.25 cents (1.02%) and traded at 223.55 cents/lb when delivered in March. 2023.

Price of Arabica coffee traded in New York – September 23, 2022

Period PriceCoffee price Change % change Mass Tallest The shortest Open door Open contract
12/22 223.55 +2.25 +1.02% 11901 224.4 218.1 220.75 94308
03/23 217.25 +2.15 +1 % 3405 218.1 212.15 214.35 48061
05/23 213.5 +2.1 +0.99% 1836 214.3 208.45 211 25392
07/23 210.4 +2.1 +1.01% 438 210.75 206.05 208.3 4946
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Meanwhile, stocks of standard coffee in New York continued to decline, hitting a 23-year low of 515,064 bags on September 20. The harvest of the ready-to-use crop increases the supply in the market. While some major coffee regions of the South achieved export.

The first rains of the new season are favourable and the cotton season has begun. This information is putting downward pressure on arabica coffee prices. According to technical analysis, the technical indicators are showing neutral signals. In the short term, the price is expected to continue to struggle within the old 215-235 range.

Coffee World News: New York’s Jack’s Stir Brew Merges With Vin Sur Vingt

In order to create a new parent business named TenEleven Hospitality, longtime New York coffee supplier Jack’s Stir Brew joined with independent bar chain Vin Sur Vingt (VSV). The merger’s financial details haven’t been made public yet.

With the transaction, TenEleven Hospitality now has 14 retail locations, including the six Jack’s Stir Brew Coffee cafés and eight VSV pubs that were formerly spread over Long Island and New York City. Three of Jack’s eateries, according to the new parent company, are now “in business”.

Feenix Venture Partners, a New York-based investment company that already lends money to VSV, spearheaded the merger. The parent firm will be run by Rakesh Chandirami, Sebastien Auvet, and Dilip Hari, the founders and executives of VSV. Since 2020, all three have had a part in running Jack’s Stir Brew.

Read more:

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