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Coffee Mar 22 (KC=F)

ICE Futures - ICE Futures Delayed Price. Currency in USX
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237.35-0.55 (-0.23%)
At close: 01:29PM EST
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Pre. SettlementN/A
Settlement Date2022-03-21
Last Price237.90
Day's Range236.00 - 242.20
  • Reuters

    UPDATE 2-Starbucks ties up with Meituan to bolster presence in crucial China market

    Starbucks, which has seen sales slow in China due to COVID-19's fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country's dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan that will allow its Chinese customers to order coffee delivery and make reservations at its stores via the super-app's platforms. The move comes as competition in the Chinese coffee market is intensifying, and is aimed at expanding the availability of Starbucks, which first begun food delivery services in the country in 2018 through an exclusive partnership with Alibaba Group's arm, Meituan's main rival.

  • Reuters

    Brazil coffee farmers have sold 82% of 2021/22 crop -report

    Coffee farmers in Brazil, the world's largest producer and exporter, have sold 82% of the 2021/22 crop by Jan. 10, outpacing the historical average of 74% for the period, consultancy Safras & Mercado said on Thursday. Safras coffee analyst Gil Barabach said that activity has been slow recently despite good prices, noting there are still uncertainties regarding Brazil's 2022 crop.

  • Reuters

    Costa Rica hydro plant gets new lease on life from crypto mining

    A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business. The plant was forced to reinvent itself after 30 years because the government stopped buying electricity during the pandemic due to surplus power supply in the Central American country, where the state has a monopoly on energy distribution. "We had to pause activity for nine months, and exactly one year ago I heard about Bitcoin, blockchain and digital mining," said Eduardo Kooper, president of the family business that owns the 60-hectare farm Data Center CR and the plant.