Coffee Prices Today November 28, 2022: Coffee prices last week increased on both exchanges, but at a moderate level, because financial investors are still waiting for a decision to increase. Fed interest rates at the December 2022 meeting.
Coffee Prices Today November 28, 2022
At the end of the last trading session, the price of Robusta coffee in London, for delivery in January 2023, increased by 15 USD/ton to 1,857 USD/ton, delivery term in March 2023 increased by 9 USD/ton to 1,821 USD/ton.
Price of Robusta coffee traded in London – Coffee Prices Today November 28, 2022
| Period | Price | Change | % change | Mass | Highest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 01/23 | 1857 | +15 | +0.81 % | 7708 | 1869 | 1837 | 1842 | 53828 |
| 03/23 | 1821 | +9 | +0.5 % | 4573 | 1832 | 1806 | 1807 | 28095 |
| 05/23 | 1808 | +7 | +0.39% | 1007 | 1818 | 1798 | 1798 | 13826 |
| 07/23 | 1796 | +6 | +0.34% | 76 | 1805 | 1790 | 1790 | 5717 |
Unit: USD($)/ Ton  | Trading unit: lot = 10 tons |
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On the New York Stock Exchange, the price of Arabica coffee delivered in December 2022 increased by 2.3 cents/lb to 165.05 cents/lb, and delivered in March 2023 increased by 2.2 cents/lb to 165.15 cents/lb.
Price of Arabica coffee traded in New York – Coffee Prices Today November 28, 2022
| Period | Price |
Change | % change | Mass | Highest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 03/23 | 165.05 | +2.3 | +1.41% | 9967 | 167.05 | 162.4 | 164.75 | 109275 |
| 05/23 | 165.15 | +2.2 | +1.35 % | 3140 | 166.85 | 162.65 | 164.95 | 41228 |
| 07/23 | 164.75 | +2.05 | +1.26% | 1014 | 166.3 | 162.35 | 164.85 | 17376 |
| 09/23 | 164.1 | +1.95 | +1.2% | 231 | 165.45 | 162.1 | 164.15 | 8400 |
| Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~= 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
Last week, the price of Robusta coffee delivered in January 2023 in London increased by 46 USD/ton; the Price of Arabica coffee delivered in December 2022 increased by 13.75 cents/lb.
Coffee news: Korea sharply increased imports of roasted coffee
Statistics from the International Trade Center show that Korea imported 152.25 thousand tons of coffee, worth 966.36 million USD in the first 9 months of 2022, up 10.9% in volume and 49 %. 8% in value over the same period in 2021.
In which, Korea mainly imports unroasted and decaffeinated coffee (HS code 090111), reaching about 130.63 thousand tons of coffee imported from Korea in the first 9 months of 2022, more than the market share of 84.89 % in the first 9 months of 2021.
In addition, Korea also sharply increased imports of roasted and ground coffee (HS 090112) with an increase of 93.5% in volume and an increase of 160.3% in import value compared to the same period in 2021.
Regarding the supply structure, in the first 9 months of 2022, Korea focused on importing coffee from major coffee-growing countries in the world such as Brazil, Vietnam, Colombia, etc.
Brazil is the largest source of coffee for Korea, importing 33,77,000 tons worth $164 million in the first nine months of 2022, up 19.8% in volume and 119.6% in value over the same period in 2021. Brazilian Coffee The share of Korea’s total imports increased from 20.54% in the first nine months of 2021 to 22.18% in the first nine months of 2022.
During this period, Korea imported 25.55 thousand tons of coffee from Vietnam, worth $ 59.37 million, down 8.6% in volume but up 30.8% in value over the same period last year 2021. Vietnam’s coffee market share in Korea’s total imports decreased from 20.36% in the first 9 months of 2021 to 16.78% in the first 9 months of 2022.
Source: https://vietnambiz.vn/, https://kinhtedothi.vn/
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