Coffee Price Today October 5, 2022: The price of Robusta coffee futures in London for delivery in November 2022 decreased by 1 USD/ton to 2172 USD/ton.
Coffee Price Today October 5, 2022: World Coffee Price Reversed
At the end of the last trading session of the week, the price of Robusta coffee futures in London for delivery in November 2022 decreased by 1 USD/ton to 2172 USD/ton, delivered in January 2023 to 2163 USD/ton.
Price of Robusta coffee traded in London – Coffee Price Today October 5, 2022
| Period | Price | Change | % change | Mass | Highest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 11/22 | 2172 | -1 | -0.05 % | 6265 | 2193 | 2164 | 2184 | 40834 |
| 01/23 | 2163 | 0 | 0% | 4132 | 2179 | 2155 | 2170 | 24559 |
| 03/23 | 2140 | +1 | +0.05 % | 1116 | 2155 | 2132 | 2139 | 17565 |
| 05/23 | 2125 | -1 | -0.05 % | 270 | 2140 | 2118 | 2126 | 7320 |
Unit: USD($)/ Ton  |
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On the York Stock Exchange, arabica for December delivery rose 3.55 cents/lb to 219.3 cents/lb, March 2023 delivery rose 3.25 cents/lb to 210.6 cents/lb. The price of arabica coffee increased again due to the strong fall of the dollar.
Price of Arabica coffee traded in New York – Coffee Price Today October 5, 2022
| Period | Price |
Change | % change | Mass | Highest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 12/22 | 219.3 | +3.55 | +1.65 % | 20772 | 222.45 | 216.3 | 216.55 | 86879 |
| 03/23 | 210.6 | +3.25 | +1.57 % | 9619 | 213.4 | 208.1 | 208.25 | 49466 |
| 05/23 | 206.1 | +3.55 | +1.75 % | 3705 | 208.7 | 203.1 | 203.45 | 26505 |
| 07/23 | 203.2 | +3.9 | +1.96 % | 1158 | 205.5 | 200.15 | 200.6 | 4771 |
| Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~= 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
Along with the increase in the price of coffee on the New York Stock Exchange, gold, crude oil and grains all fell. Only wheat coffee and coffee with no increase. The difference between the two types of coffee is also due to a sharp decrease in arabica stocks while robusta increases.
Earlier today (Vietnam time) in the US market, the US Dollar Index (DXY) measuring the volatility of the USD with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) dropped sharply. 1.54% is. until 110.20. US Treasury yields fell to weekly lows, causing DXY to cool off.
This gives speculative cash flows the opportunity to access other risky assets such as gold and a variety of soft commodities including coffee.
World news: NESCAFÉ unveils $1 billion sustainable coffee plan
By 2030, Nestle’s flagship coffee brand will spend $1 billion to support coffee growers as they switch to sustainable growing practices and prepare for the impending climate emergency.
By 2030, NESCAFÉ plans to invest $1 billion to support the transformation of coffee producers worldwide to regenerative agricultural methods.
The NESCAFÉ 2030 strategy, which is quite ambitious, will concentrate on the brand’s suppliers in Brazil, Vietnam, Mexico, Colombia, Côte d’Ivoire, Indonesia, and Honduras, where 90% of the coffee it provides is cultivated.
It is dedicated to assisting coffee farmers in raising carbon-sequestering plants, expanding the use of organic fertilizers, enhancing biodiversity, and producing coffee that is tolerant to disease and climatic change.
The effort, which quickens the current NESCAFÉ program, aims to have 100% of its coffee be “responsibly sourced” by 2025, up from 82% in 2021, and to have 20% of it come from regenerative farming practices by 2030.
In order to do this, NESCAFÉ is testing a program that offers financial support to coffee growers in Mexico, Côte d’Ivoire, and Indonesia with the goal of incentivizing them to switch to regenerative agricultural practices. livelihoods, weather insurance for income protection, and easier access to credit lines for farmers.
Read more:
Vietnam Coffee History And How To Brew Your Own