Price coffee today – October 3, 2022: Coffee prices are trending down

Vietnamese Coffee Exporter
Price coffee today October 3, 2022 - Helena Coffee Vietnam

Price coffee today – October 3, 2022: Coffee prices are trending down on both futures exchanges, but the outlook for the year-end situation is still very positive.

Price coffee today – October 3, 2022: Coffee prices are trending down

At the end of the last trading session of the week, the price of Robusta coffee for November 2022 in London fell by 29 USD / ton to 2,153 USD / ton, for delivery in January 2023 decreased by 29 USD / ton to 2,146 USD / ton.

Price of Robusta coffee traded in London – October 3, 2022

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/22 2153 -29 -1.33% 7447 2179 2151 2174 43841
01/23 2146 -29 -1.33% 4372 2171 2143 2168 23449
03/23 2120 -31 -1.44% 1140 2145 2119 2145 16455
05/23 2106 -31 -1.45% 393 2131 2105 2129 7118
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 4.15 cents/lb to 221.55 cents/lb, while the price for delivery in March 2023 fell 4.3 cents/lb 212. 55 cents/pound.

Price of Arabica coffee traded in New York – October 3, 2022

Period PriceCoffee price Change % change Mass Tallest The shortest Open door Open contract
12/22 221.55 -4.15 -1.84% 17676 226.45 220.9 225.2 89644
03/23 212.55 -4.3 -1.98% 8980 217.35 211.8 216.25 46983
05/23 207.6 -3.95 -1.87% 4197 211.65 206.85 210.55 26151
07/23 204.1 -3.4 -1.64% 1609 207.9 203.15 207.1 5066
Unit: USD Cent/lb 1USD = 100cent 1Lb ~= 0.45Kg Trading unit: lot = 37,500 lb

 

Coffee prices are in a downtrend in both futures markets due to fluctuations in monetary policy to avoid a global recession and excessive inflation.

Investors continue to withdraw capital and diversify into other markets when income levels become more attractive. Since the beginning of the year, Robusta has decreased by more than 9%, while Arabica has decreased by about 2.2%. Because Arabica decreased slightly. Furthermore, due to the recent more abundant supply of Robusta, the yield in Brazil has increased significantly.

According to a Bloomberg survey, global coffee stocks are expected to halve by the end of September 2022 year-on-year. in 2021. Meanwhile, consulting and analytics firm Safras & Mercados expects Brazil’s coffee production this year to fall short of its forecast of 61.1 million bags as a result of the frosts. and droughts in the past.

Estimates by some companies suggest that inventories at the end of September 2022 could be as little as half of what they were in the same period last year. Vietnam’s Robusta coffee output will also decrease by about 6% during this period. The 2022-2023 crop year amounted to 1.72 million tons. Currently, Vietnam is the largest coffee producer in the world and the second largest exporter of coffee.

World coffee news

Anthony Douglas of Australia wins the World Barista Championship, while Shih Yuan Hsu (Sherry) of Taiwan wins the Brewers Cup.

With Shih Yuan Hsu (Sherry) of Taiwan winning the World Brewers Cup in 2022 and Anthony Douglas of Australia winning the World Barista Championship in 2022, the world now has two new coffee champions.

The winners were revealed earlier today in Melbourne, Australia, during the Melbourne International Coffee Festival, in accordance with their final timetable in front of a jubilant audience (MICE).

US barista champions Elika Liftee of Onyx Coffee Lab and Morgan Eckroth of Morgan Drinks Coffee both finished in second place, beating out dozens of other national champions from all around the world. gender.

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