Coffee Price Today November 19, 2022: Only 1774 USD/ton for Robusta.

Coffee Price Today November 19, 2022: The world’s two coffee floors continued to plunge to only 1774 USD/ton for Robusta. The price of Robusta coffee delivered online in London in January 2023 registered at $ 1,811 / ton.

Coffee Price Today November 19, 2022

In the world market, the price of coffee continued to fall, so the price of Robusta coffee delivered online in London in January 2023 registered at $ 1,811 / ton, after decreasing by 0.39% (equivalent to $ 7).

Period	Price	Change	% change	Mass	Highest	The shortest	Open door	Open contract
01/23	1811	-7	-0.39%	7515	1837	1804	1816	56153
03/23	1787	-7	-0.39%	2753	1813	1786	1790	25495
05/23	1779	-6	-0.34%	1272	1802	1777	1780	13228
07/23	1774	-6	-0.34%	330	1798	1772	1774	5601
Unit: USD($)/ Ton | Trading unit: lot = 10 tons

The price of Arabica coffee delivered in December 2022 in New York reached 151.3 US cents/lb, down 0.92% (equivalent to 1.4 US cents) at the time of the survey Saturday morning this morning. Vietnam time).

Period	Price	Change	% change	Mass	Highest	The shortest	Open door	Open contract
12/22	151.3	-1.4	-0.92%	4277	157.05	150.75	153.65	4040
03/23	155.1	-1.25	-0.8 %	21996	160.5	154.5	157.25	110203
05/23	155.7	-1.3	-0.83%	8576	160.8	155.2	158.55	38229
07/23	156.2	-1.15	-0.73%	2647	161	155.75	159.15	16775
Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~= 0.45Kg | Trading unit: lot = 37,500 lb

According to statistics from the Central Customs Department of the country, the value of coffee imports from this market in September 2022 reached 97.48 million USD, up 81.1% compared to September 2021.

In the first 9 months of 2022, the value of coffee imports from China reached US$ 528.25 million, up 36.2% over the same period in 2021. In the first 9 months of 2022, China imported about 70 types of coffee, supply alone Coffee exports to China are mainly concentrated in markets such as Ethiopia, Colombia, Brazil, Italy, and Vietnam. Overall, China’s coffee imports from Ethiopia reached $134.78 million in the first nine months of 2022, up 183.1 percent year-on-year.

The share of Ethiopian coffee in China’s total import value increased slightly from 12.28% in the first 9 months of 2021 to 12.51% in the first 9 months of 2022. Vietnam is an important source of coffee. The sixth is China, reaching 4.38 million USD in September 2022, down 20.1% compared to September 2021. In the first nine months of 2022, China’s coffee imports from Vietnam reached US$38.61 million, down 16.6% over the same period in 2021.

Coffee World News: Vietnam’s The Coffee House drives Seedcom’s revenue

The Vietnamese coffee business, whose sales increased by 53% in the first nine months of the year, currently contributes 37% of Seedcom’s 2022 income. Due to The Coffee House’s success, Vietnamese retail company Seedcom reported sales of VND1.5 trillion ($60.5 million) for the nine months that ended on September 30, 2022.

The Coffee House increased its annual sales by 53%, to VND 564 billion (USD 22.7 million), or 37% of Seedcom’s overall earnings during the time period. More than 150 of the coffee chain’s locations are currently open in Vietnam. The company, according to Seedcorn, is its flagship brand and brings in more than 2 billion VND ($80,000) per day on average.

The Coffee House recently made improvements to its online retail channel, which now generates around 35% of all sales. With its headquarters in Ho Chi Minh City, Seedcom also runs the technological platform Haravan, the retail chain King Food Mart, and the fashion label Juno.

In the first nine months of 2022, the company reported an undisclosed loss, but CEO Nguyen Hoanh Tien stated that all Seedcom brands are anticipated to post significantly better financial results in the year’s final months.

Source: https://www.worldcoffeeportal.com/

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