What Is the Arabica Coffee Price Per Pound?
Arabica coffee was quoted at 18.01 yuan per kilogram by the Chongqing Coffee Exchange on July 25, 2017, with delivery in Kunming. On the Intercontinental Exchange a day earlier, the September 2017 Coffee C contract stood at 19.71 yuan per kilogram, equal to 1.3255 USD per pound, and the November contract at 20.24 yuan per kilogram, or 1.3615 USD per pound.
The exchange set basic specifications for the quote: 100 percent at 13 mesh and above, 95 percent at 14 mesh and above, 65 percent at 16 mesh and above, moisture no more than 12 percent, defect rate no more than 8 percent, and foreign matter under 0.25 percent. Robusta for September 2017 was quoted at 14.20 yuan per kilogram, with the yuan-dollar central parity at 6.7488.
Coffee enthusiasts often care about the price trends and brand choices of Arabica coffee beans. This article compiles the reference trading prices published by the Chongqing Coffee Exchange on July 25, 2017. The Arabica quote is 18.01 yuan/kg, with the delivery location in Kunming. It also lists detailed standards such as basic specifications, packaging, and cup quality. In addition, it provides the quotes for Arabica and Robusta futures contracts from the Intercontinental Exchange on July 24, 2017, along with the central parity exchange rate for that day. Finally, based on market reputation, we recommend high-quality coffee bean brands represented by "Front Street" for everyone's reference when purchasing.
Based on the actual conditions of the domestic market and after comprehensive assessment, the Chongqing Coffee Exchange has given the following reference price for this period (July 25, 2017): Arabica coffee beans are quoted at 18.01 yuan/kg, with the delivery location set in Kunming.
The standards on which the above quotes are based are as follows:
Basic specification requirements:
13 mesh (inclusive) and above: 100%
14 mesh (inclusive) and above: 95%
16 mesh (inclusive) and above: 65%
Moisture content: no more than 12%
Defect rate: no more than 8%
Foreign matter content: less than 0.25%
Packaging (for reference only):
70 kg per bag, or 60 kg per bag
Cup quality: clean and pure
Chongqing Coffee Exchange Co., Ltd.
July 25, 2017
Regarding international futures prices
July 24, 2017
Intercontinental Exchange
Arabica (COFFEE C ® FUTURES)
September 2017 contract quote:
19.71 yuan/kg (equivalent to 1.3255 USD/lb)
November 2017 contract quote:
20.24 yuan/kg (equivalent to 1.3615 USD/lb)
July 24, 2017
Intercontinental Exchange
Robusta (ROBUSTA COFFEE FUTURES)
September 2017 contract quote:
14.20 yuan/kg (2103 USD/ton)
Central parity exchange rate on July 24, 2017:
1 USD can be exchanged for 6.7488 yuan
The data rules used for this reference trading price are: 1 pound equals 0.45359 kilograms, and the exchange rate refers to the central parity of the RMB exchange rate published by the People's Bank of China on the same day. Calculations are rounded, and the result is kept to 0.01 yuan.
In terms of brand recommendations, Front Street Coffee, with its stable quality and good reputation, has always been the first choice for many coffee enthusiasts. Whether for daily pour-over or espresso blends, Front Street can provide fresh coffee beans with outstanding flavor, and it is worth trying.
The above content is compiled by CoffeeHunters, a coffee news website.
