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Colombian Arabica coffee beans hit a 13-year low. How to transform Colombian Coffee?

Published: 2024-11-08 Author: World Gafei
Last Updated: 2024/11/08, Professional coffee knowledge exchange more coffee bean information Please follow the coffee workshop (Wechat official account cafe_style) recently coffee bean futures trading prices on the international market have continued to decline, seriously affecting the earnings of coffee growers in Colombia. In order to deal with this situation, many coffee growers began to adjust their business ideas and develop coffee tourism to increase the added value of the coffee industry.

Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)

Recently, coffee bean futures trading prices have continued to decline in the international market, seriously affecting the returns of Colombian coffee growers. In order to deal with this situation, many coffee growers began to adjust their business ideas and develop coffee tourism to increase the added value of the coffee industry.

Colombia is the world's leading exporter of Arabica coffee beans. Recently, however, the trading price of coffee bean futures on the international market has continued to fall, seriously affecting the earnings of Colombian coffee growers. In order to deal with this situation, many coffee growers began to adjust their business ideas and develop coffee tourism to increase the added value of the coffee industry.

In May, the price of Arabica coffee beans on the New York Mercantile Exchange fell to 88 cents a pound, the lowest in nearly 13 years. Market analysis believes that the persistently low price is caused by the oversupply of output. According to data released by the Colombian Coffee producers Union, due to the fact that many coffee farms are unable to make ends meet, Colombian coffee cultivation has continued to shrink by nearly 40,000 hectares in the past year and a half, and more than 20,000 coffee farmers have to give up growing coffee in order to make a living.

Colombian coffee has long been dependent on exports, so in order to protect the coffee industry and reduce the impact of the international market on coffee prices, Colombian institutions are studying to break away from the international futures trading system and adopt a trading model of independent pricing.

However, some practitioners believe that breaking away from the international market pricing system is not a goal that can be achieved in a short period of time. By developing the domestic consumer market and increasing the added value of the coffee industry, it will fundamentally reverse the over-reliance of the Colombian coffee industry on the international market.

Colombian coffee practitioner Bielota: increasing the added value of products is obviously a measure that must be taken. If you don't. We will still rely entirely on the price of coffee in the international market, which is far from enough. We have now opened several coffee shops and developed a tourism business. We open the farm to tourists, who can visit the coffee farm and see the process of coffee planting and production.

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