Green Coffee Prices Today August 26, 2022: At the end of the session on August 25, the price of Robusta coffee on the ICE Futures Europe – London floor decreased, and the November delivery term fell by 36 USD (1.52%) and stood at 2,312 USD/ton.
Green Coffee Prices Today August 26, 2022
At the end of the session on August 25, the price of Robusta coffee on the ICE Futures Europe – London floor decreased, and the November delivery term fell by 36 USD (1.52%) and stood at 2,312 USD/ton for futures trading at ICE Futures Europe – London. January 2023 short 33 USD (1.42%) and traded at 2,294 USD/ton, low trading volume.
The price of arabica coffee on ICE Futures US – New York for September delivery was slightly up 0.50 cents (0.19%) to trade at 243.40 cents/lb. While December 2022 delivery was up 0.75 cents/lb (0.21%), trading at 239.50 cents/lb. Trading volume has increased well.
Concern about the shortage of supply was one of the main factors that made coffee prices rise very strongly in the previous session. Inventories continue to decline, and Brazil’s dry weather has created momentum for robusta coffee to increase sharply in recent sessions. Breaking all resistance levels 2280 – 2300, perhaps today is the peak time for Robusta coffee prices.
Weather information continues to be the catalyst that causes the price of Arabica coffee to increase rapidly. Producers and investors alike are concerned that prolonged dry weather could adversely affect next year’s Brazilian coffee crop output, especially if the next crop falls back due to the following crop failures. cycle once every two years.
World Coffee News: Higher coffee prices may affect coffee shops in Europe
Coffee prices have increased recently all around Europe. Although many Berlin cafes haven’t hiked their rates yet, they don’t completely rule it out. At year’s end, most cafes in the capital of Germany saw their profit margins decline.
Over the previous two years, wholesale prices have climbed due to adverse climate occurrences, increased demand, geopolitical upheavals, and logistical challenges brought on by the epidemic. Inflationary pressures have been exacerbated by rising energy costs and a 100% increase in transportation expenses over the previous 12 months.
A London trader told DW that a weaker euro and yen could impact consumption in Europe and Japan because coffee is priced in dollars.
German businesses also criticize higher taxes, a lack of qualified employees, and rising insurance expenses.
These elements compel us to pass along some costs to our clients and accept reduced profit margins for specific goods. Over the previous 12 months, there has generally been a 6% increase, according to Montgomery.
He continued, saying that roasters have been passing on the cost to customers doing online orders as they have attempted to deal with increased pricing thus far, particularly during the pandemic. With cafes, that is not the case. They continue to be the most impacted, also as a result of rising staff salaries and rents. The German minimum wage will reach €12 ($11.90) in October.