Yunnan (Pu'er) Coffee Price Index fluctuates in May and output may decrease in the new production season.
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In May 2019, the overall trend of Xinhua Yunnan (Pu'er) coffee price index showed a fluctuating downward trend.
In late May, due to increased expectations of social security reform in Brazil and the appreciation of Brazil's local currency, the real, the price of type C coffee futures in the United States bottomed out. As a result, the price index rebounded slightly in the short term. At the end of the month, due to the basic clearing of coffee beans from farmers and enterprises in Yunnan, the good news on international futures prices did not have a real impact on Yunnan coffee prices, and the index fell again.
According to the price monitoring of the place of origin, the Xinhua Yunnan (Pu'er) coffee composite price index was 797.31 points in the week of June 2, down about 3.39% from 825.26 points in the week of April 28. Among them, except for the prices of "boutique II" and "quality" coffee beans, the prices of other types of standard products have dropped slightly.
According to the analysis of industry insiders, since the beginning of spring this year, the precipitation in Yunnan Province has been on the low side and the temperature is abnormally high, and it is predicted that the drought in the province will not be alleviated until mid-late June. Generally speaking, the current growth of coffee trees in Yunnan is affected by drought, and it is expected that the yield will be reduced in the new season.
In order to reduce the impact of falling coffee prices on farmers, enterprises and traders, Pu'er first launched a pilot project of coffee target price insurance. From May 13 to May 27, a coffee target price insurance promotion team composed of Yunnan International Coffee Trading Center, Xinhua Index Division of China Economic Information Society and Yunnan Branch of China people's property Insurance Co., Ltd., went to Simao, Ninger, Jinggu, Mojiang, Lancang, Ximeng, Menglian, Jiangcheng and other places to train and guide farmers and enterprises on the target price insurance model of raw coffee beans. It fully covers the nine counties and one district of Pu'er City, indicating that the target price insurance of raw coffee and beans in Pu'er City has officially entered the pilot operation period.
It is reported that the target price insurance for raw coffee beans is a kind of agricultural insurance product based on the price of high-quality raw coffee beans and based on the "target price". It is a kind of innovative agricultural insurance to compensate farmers and enterprises for losses caused by market price fluctuations and the market price of raw coffee beans is lower than the target price.
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