Coffee futures prices fell to a 13-year low, but production cuts in Central and South America led to a rebound in prices

Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)
Coffee futures prices have fallen to their lowest level since 2006
With coffee futures prices falling to their lowest level since 2006, there will be more bad news in the coffee market.
The problem stems from global oversupply, largely because Brazil, the world's top coffee producer, reported a record harvest in 2018, with another big harvest expected in 2019, according to Bloomberg. The decline has had a huge impact on Arabica coffee. The article points out that "one of the worst-performing commodities in the past year".
Arabica futures in New York fell 2.6% to 94.65 cents a pound. Prices have fallen by about 20 per cent over the past year, and speculators have suffered a net bearish in about 18 months.
The problem of oversupply is not easy to correct. As the article points out, even countries that work hard to produce will still be hit because Brazil produces so much. For farmers, it is not as simple as switching crops. Coffee trees take years to grow and then produce for years. In order to switch crops, farmers have to cut down coffee trees, making all the work they do to produce trees useless and eliminating any profit opportunities when prices rebound. They're basically trapped.
Prices are expected to rebound. According to Olam International, the world's second-largest coffee supplier, the worst may be coming to an end. Even in the case of surplus, importers expect prices to rise, but unfortunately, the reason is not positive. Oran said the bad weather will have a negative impact on producers in the growing areas of Central and South America, which could in turn lead to a rebound in prices.
The problem that coffee prices can't be cheap won't go away, at least not soon. For their part, SCA is investing in their coffee price crisis response plan to help find ways to propose artificially low quantities. But for now, coffee futures are still low. This shows that the future of coffee itself is an open question.
END
- Prev
Refund "kick the ball" well-known chain stores do not recognize their own "VIP diamond card"?
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style) Blue Bay Coffee, is a well-known catering chain in Nanjing, has been established for nearly 20 years, its pro-people price is welcomed by many people. Mr. Minwei in Nanjing is a regular customer of Blue Bay Coffee. He set up a VIP a few years ago.
- Next
315 exposure of Starbucks instant coffee counterfeiting incident! How to distinguish between genuine and fake Starbucks instant coffee
Professional coffee knowledge exchange more information about coffee beans Please follow the coffee workshop (official Wechat account cafe_style) recently a number of consumers have reported that there is something wrong with Starbucks instant coffee sold in some well-known supermarkets. In a well-known supermarket, Starbucks instant coffee costs 39.8 yuan per box, packed in 5 strips, and the dealer is Guangzhou Baiyi Food Trading Co., Ltd. in another well-known supermarket.
Related
- The more you look at it, the weirder it becomes?! Lucky linkage cup print three-eyed Tom Cat!
- Self-delivery modification was rejected! Customers come to the door and throw coffee angrily?!
- What degree of grind should I use to make coffee by hand? How fine should the coffee powder be ground with cold ice drops? What is the No. 20 screen? How fine are the grains of fine sugar? What is the appropriate grind for the espresso?
- Why is coffee bean watches always oily? Are the oil out of the coffee beans stale? Are oily coffee beans of higher quality? What is the difference between deep and light coffee?
- How long is the taste period for coffee? How long is the best time to finish your coffee? How long can coffee stay in a thermos cup? What is the best degree of hand-brewed coffee?
- Pour out all the raw materials! Many Lucky products are off the market!
- "Haidilao in the milk tea industry" Kawangka quietly increases its prices again! Netizen: No more drinking!
- Ask for 20,000 yuan! Coffee shop managers trick employees into fake marriages?!
- Milk tea takeout "strong" with 10 packs of tissue?! User: No collection or delivery
- Which is sour, deep-roasted or lightly roasted coffee? Do people who know coffee want light or deep roast? What is the difference in the degree of roasting coffee? What is the difference between lightly roasted coffee and deeply roasted coffee?