The Asian coffee market as a whole is stable and the price of high-quality coffee in Vietnam has fallen.
According to Reuters on May 4, some traders said that the coffee export market was generally stable this week, the price of high-quality coffee in Vietnam fell, the price in London rebounded, while Indonesia faced a wide range of discounts due to the stable supply of coffee beans.
The London Intercontinental Exchange contract in July showed it rebounded for the third time in a row, rising 1.95% on the 3rd to close to $2.034 a ton.
Reported that Vietnam is the world's largest producer of robusta coffee beans. The price of 5% black and broken grade 2 Robusta coffee beans on the London Intercontinental Exchange has shrunk from $40 to $50 a week ago to $20 to $30 per ton.
It is reported that the local trading price of coffee in Vietnam has risen from 43000 dong per kilogram on April 30 to 4.48 to 4.50 dong. However, the trading volume is very small because farmers are slow to sell in search of higher prices.
"Farmers are waiting for the price of coffee beans to return to previous levels before selling," said Nguang Guang Ping, an independent analyst in Vietnam. "
Vietnam exported about 604000 tons of coffee beans in the first quarter of 2017, down 8.8 percent from 2018, the government said Friday. Coffee beans exported about 150000 tons in April, well above market expectations of 10 to 130000 tons.
"this is because prices have fallen sharply in London," said a trader in Lampung province of Indonesia. " He added that huge discounts will make traders take a wait-and-see attitude. As the bumper harvest continues, the market supply will remain stable.
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Can the post-80s and post-90s buy a house by going to a cafe less?
Australian social demographer Salter said recently that Gen Y could afford to buy a house if they ate less expensive avocado bread in cafes. In Australia, Generation Y (also known as millennials, equivalent to post-80s and post-90s) is often labeled as indulgent in Australia, the Information Times reported. Australian social demographer Bernard Salter recently announced
- Next
Coffee consumption in China increases by 10% a year
New Express reporter Qiu Chunyan reported that the reporter learned from the general agency of comparable Coffee in China that all comparable products sold in China are imported from Indonesia, and since it entered the Chinese market in 2012, it has achieved high growth at a rate of 30% and 40% every year. At present, it has become the third brand in the domestic market. According to reports, this year, the brand will accelerate its expansion in China, followed by the launch of four kinds of coffee
Related
- Does the coffee steaming time start after the water is poured or when the water is poured? Is it 30 seconds or 60 seconds to steam hand-brewed coffee?
- A complete list of coffee varieties names/How many varieties of hand-brewed coffee are there? What are the differences in the flavor characteristics of different coffee varieties?
- Nanny level tutorial on the correct way to brew cold extract coffee! How long does it take to brew cold coffee and what grind ratio?
- Is the world's top coffee rose summer suitable for making Italian latte espresso? What proportion parameters do I need to use to make American coffee with Rose Summer?
- Share tips on how to inject vertical water from hand-brewed coffee! What are the practice methods for making coffee by hand and injecting water in circles?
- World Coffee Brewing Competition champion variable temperature brewing parameters and methods to share! What proportion of water temperature should be used to grind the rose summer fragrance brewing method?
- What is the difference between the world's three major coffee varieties, Robusta and Arabica? What is the relationship between Rose Summer Iron Pika and Arabica?
- What is the difference between Italian American coffee and Long Black? Do Americano American coffee pour water first or concentrate first?
- Arrive on time and fail! Coffee brand co-branded events are too popular to start early!
- Realistic "White Cut Chicken Latte" has become popular! Netizen: Does a chicken taste like a chicken?