Coffee prices today September 23, 2022: Closing on September 22, the price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 increased by 12 USD.
Coffee prices today September 23, 2022
Closing on September 22, the price of Robusta coffee on ICE Futures Europe – London for delivery in November 2022 increased by 12 USD (0.54%) and traded at 2,238 USD / ton for delivery in January 2023, up 13 USD. (0.59%) and traded at $2,225/ton. Low trading volume.
Price of Robusta coffee traded in London – Coffee Prices Today September 23, 2022
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 11/22 | 2238 | +12 | +0.54 % | 5399 | 2240 | 2200 | 2223 | 45830 |
| 01/23 | 2225 | +13 | +0.59 % | 3143 | 2226 | 2188 | 2209 | 24328 |
| 03/23 | 2196 | +11 | +0.5 % | 576 | 2197 | 2161 | 2182 | 15679 |
| 05/23 | 2181 | +10 | +0.46% | 137 | 2181 | 2156 | 2168 | 6373 |
Unit: USD($)/ Ton  |
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The price of arabica coffee on the ICE Futures US – New York exchange continued to decline sharply, December 2022 delivery increased by 2.25 cents (1.02%) and traded at 223.55 cents/lb when delivered in March. 2023.
Price of Arabica coffee traded in New York – Coffee Prices Today September 23, 2022
| Period | Price |
Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 12/22 | 223.55 | +2.25 | +1.02% | 11901 | 224.4 | 218.1 | 220.75 | 94308 |
| 03/23 | 217.25 | +2.15 | +1 % | 3405 | 218.1 | 212.15 | 214.35 | 48061 |
| 05/23 | 213.5 | +2.1 | +0.99% | 1836 | 214.3 | 208.45 | 211 | 25392 |
| 07/23 | 210.4 | +2.1 | +1.01% | 438 | 210.75 | 206.05 | 208.3 | 4946 |
| Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~= 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
Meanwhile, stocks of standard coffee in New York continued to decline, hitting a 23-year low of 515,064 bags on September 20. The harvest of the ready-to-use crop increases the supply in the market. While some major coffee regions of the South achieved export.
The first rains of the new season are favourable and the cotton season has begun. This information is putting downward pressure on arabica coffee prices. According to technical analysis, the technical indicators are showing neutral signals. In the short term, the price is expected to continue to struggle within the old 215-235 range.
Coffee World News: New York’s Jack’s Stir Brew Merges With Vin Sur Vingt
In order to create a new parent business named TenEleven Hospitality, longtime New York coffee supplier Jack’s Stir Brew joined with independent bar chain Vin Sur Vingt (VSV). The merger’s financial details haven’t been made public yet.
With the transaction, TenEleven Hospitality now has 14 retail locations, including the six Jack’s Stir Brew Coffee cafés and eight VSV pubs that were formerly spread over Long Island and New York City. Three of Jack’s eateries, according to the new parent company, are now “in business”.
Feenix Venture Partners, a New York-based investment company that already lends money to VSV, spearheaded the merger. The parent firm will be run by Rakesh Chandirami, Sebastien Auvet, and Dilip Hari, the founders and executives of VSV. Since 2020, all three have had a part in running Jack’s Stir Brew.
Read more:
Requirements for Exporting Coffee to the European Union (EU) [Latest Update]