The quotation of international Arabica coffee transaction is expected to rise by the end of the year!
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)
After digesting the current surplus, the market will be in short supply of Arabica coffee in the next quarter, with prices nearly 8% higher than the current level, according to a London Reuters survey of 11 traders and analysts on February 2nd.
According to the median forecast of survey participants, the price of Arabica coffee will reach $1.35 per pound by the end of 2021, up 7.7 per cent from Monday's closing price and 5.3 per cent higher than the level at the end of 2020.
Brazilian Arabica coffee will enter a low yield cycle once every two years in 2021: 22 season. Respondents expect production to fall from 69 million bags in the current quarter to 55.51 million bags (60 kg / bag), which will lead to a shortage of 8.5 million bags in the Arabica market next quarter.
The price of Arabica coffee fell 1.1% last year due to a record total harvest of Brazilian coffee. The impact of the drought in Brazil will undermine the prospects for the upcoming Arabica coffee season.
Carlos Mera, an analyst at Rabobank, said that as the promotion of the vaccine began to have an impact on the spread of the virus, the global economy was expected to recover this year, helping to increase coffee consumption.
People involved in the survey said that Arabica coffee stocks certified by the ICE Exchange declined at the end of 2020, and the future recovery in coffee consumption will help raise prices. At the same time, some people say that the surplus coffee beans on the market will limit the price rise.
The price of robusta coffee is expected to reach $1475 a tonne by the end of the year, up 10.4 per cent from Monday's closing price and 6.4 per cent from the market closing price at the end of 2020.
According to the median forecast of survey participants, the global Robusta coffee market is flat this quarter, while there will be a surplus of 950000 bags next quarter. Vietnam, the world's largest producer of Robusta coffee, is expected to produce 28.8 million bags this season, below the USDA's forecast of 31.3 million bags for the 20th quarter of 2019.
For more boutique coffee beans, please add private Qianjie coffee on Wechat. WeChat account: kaixinguoguo0925
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
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
The latest developments of Luckin Coffee! The court agreed to Luckin Coffee's compensation of 180 million US dollars!
Luckin Coffee made his latest response after Luckin Coffee agreed to pay a $180 million fine to settle the fraud case with the Securities and Exchange Commission (SEC) on the evening of Feb. 8, Beijing time. Luckin Coffee announced on his website that he had reached a settlement with the US Securities and Exchange Commission over the financial fraud of some of his former executives and employees, and the settlement plan
- Next
The relationship between PetroChina easy Jet Coffee and Lian Coffee
EasyJet Coffee set up a company. According to the information on the company's website, easy Coffee (Beijing) Co., Ltd. was established on February 9, with a registered capital of 60 million yuan and legal representative Ye Huiqing. The scope of business includes catering services, food sales, business management, business management consulting, and so on. The company is owned by Sinopec easyJet sales Co., Ltd. And
Related
- Can you make coffee with cola? Is hand-brewed coffee and iced coke good?
- How long will coffee beans go bad? Is the shelf life of coffee beans 12 months? How to tell if the coffee is bad?
- What is "extremely light roasted coffee"? The difference between Nordic roasted coffee and Japanese deep-roasted coffee
- Why does Ice-Drip coffee smell wine when it is left for a long time? How many days is recommended to finish drinking ice drops? Why do I feel astringent when I just made ice drops?
- Why are there so few coffee shops selling avgado? What kind of ice cream tastes good for Avgado? The origin of Affogato, the taste of making
- How to choose props for beginners in coffee pulling? What equipment do I need to teach myself latte?
- Should the direction of hand-brewed coffee circle be from inside out or from outside to inside? How to teach the size of the coffee circle
- There are many ways to make mocha pot latte. How to add milk to Mocha pot coffee is better to drink? Can a mocha pot be extracted with milk?
- Why can't the flavor of hanging ear coffee be brewed? How to control the concentration of coffee during the season?
- Barista's professional knowledge sharing: Is there a difference between latte and piccolo and Gibraltar Cotado? What is Blue Bottle Coffee's signature milk coffee?