Coffee Price Today October 12, 2022: Dollar strength continues to dampen coffee’s upside momentum. However, the news of a decrease in standard inventories helped coffee recover slightly in the last session of the week.
Coffee Price Today October 12, 2022: Coffee Prices Recover
At the end of the last trading session of the week, the price of Robusta coffee in London for delivery in November 2022 increased by 8 USD / ton to 2,166 USD / ton, and the price for delivery in January 2023 increased by 6 USD / ton for the US. $2,160/ton.
Price of Robusta coffee traded in London – Coffee Price Today October 12, 2022
| Period | Price | Change | % change | Mass | Highest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 11/22 | 2166 | +8 | +0.37% | 5537 | 2182 | 2148 | 2159 | 34439 |
| 01/23 | 2160 | +6 | +0.28% | 6544 | 2176 | 2142 | 2154 | 32029 |
| 03/23 | 2138 | +5 | +0.23% | 1444 | 2149 | 2123 | 2128 | 19678 |
| 05/23 | 2123 | +5 | +0.24% | 458 | 2133 | 2107 | 2116 | 7733 |
Unit: USD($)/ Ton  | Trading unit: lot = 10 tons | ||||||||
On the New York Stock Exchange, the price of arabica coffee delivered in December 2022 increased by 0.4 cents/lb to 217.85 cents/lb, and delivery in March 2023 increased by 0.3 cents/lb pound to 207.95 cents/pound.
Price of Arabica coffee traded in New York – Coffee Price Today October 12, 2022
| Period | Price | Change | % change | Mass | Highest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 12/22 | 217.85 | +0.4 | +0.18% | 16401 | 220.9 | 215.15 | 216.9 | 80392 |
| 03/23 | 207.95 | +0.3 | +0.14% | 7339 | 210.45 | 205.55 | 207.35 | 57940 |
| 05/23 | 203.75 | +0.3 | +0.15% | 3750 | 206 | 201.5 | 203.3 | 24860 |
| 07/23 | 200.9 | +0.1 | +0.05 % | 1058 | 203.1 | 198.8 | 200.55 | 6307 |
| Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~= 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
Coffee prices rose slightly on the day of closing positions amid declines in Gold and Crude Oil.
In the US market, the US Dollar Index (DXY), which measures the volatility of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased slightly of 0.13% and reached a level in total 113.28. The USD continues to hold back the rise of coffee.
However, the news that standard holdings fell to a 23-year low helped arabica rebound slightly in the most recent session. The market moved ahead of the US economic index report to be released this week, notably the inflation and producer price index (PPI) report, as well as the release of the latest meeting minutes of the US government. Fed.
World Coffee News: Digital sales continue to grow in the US
Digital sales continue to grow as US coffee shop consumers seek convenience
Industry leaders surveyed in World Coffee Portal’s Project Café USA 2023 report have seen increased demand for pre-orders as customers seek shorter wait times and operators work to balance speed without sacrificing quality.
In the past 12 months, 47% of consumers surveyed have pre-ordered drinks for pickup and 29% have ordered home delivery.Meanwhile, a third of customers surveyed would prefer to subscribe to coffee rather than pay per drink at the store; however, some coffee chains have yet to make this proposal.
JAB Holdings, which controls several popular US food and coffee chains, is capitalizing on emerging opportunities for e-commerce and coffee at home.
In April 2021, food and coffee chain Panera Bread revealed that more than half of its $2 billion in sales came from e-commerce channels.
The Missouri-based company is investing in the convenience of digital channels, opening three ‘Panera To Go’ format stores this year. For in-store customers, Panera has also introduced a new contactless dine-in feature in the app and is exploring the benefits of AI-enhanced driving operations to reduce service times and increase order accuracy.
Consumer preference for drive-thru has slowed after the easing of Covid-19 restrictions but remains strong – 54% of consumers say prefer the format by 2022 – down from 63% in 2020.
