Arabica coffee prices will continue to rise this year? Arabica Coffee Latest Prices

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With the impact of the global epidemic, there are restrictions on the number of ships to and from coffee beans, and the cost for producers to grow coffee has also increased. with the popularity of the boutique coffee market, the demand for boutique coffee beans is also getting higher and higher. for all these reasons, the price of Arabica coffee beans will naturally rise, and according to Ico data, the price of Arabica coffee beans is still rising in January this year. As for whether it will continue to rise, it is expected to observe.

The price of Arabica coffee beans continues to rise in 2021.

According to the ico Composite Index data released by the International Coffee Organization, the target price of all Arabica coffee beans is 0.9% higher than in December 2020, with an average price of 115.73 cents per pound; there is even a continuous upward trend. As for whether it will rise in February this year, we will have to look at the price data for the whole of February 2021.

2021 the price of robusta coffee beans fell

At the same time, it was found that the price of Robusta coffee beans has fallen, the data show that it has fallen by about 1.8%, with an average price of 70.71 cents per pound.

ICO Organization Coffee Price trend data Map from January 2019 to January 2021

As can be seen from the picture above, the price of Arabica coffee beans continued to rise from 2019 to January 2011. for example, coffee bean prices continued to decline during the foreign epidemic outbreak from April to July 2020, but with online shopping and the slow cessation of the epidemic in some countries and regions, coffee bean prices obviously began to rise sharply from July to October 2020, although they fell halfway, but the overall price trend was relatively stable. And compared with the price of coffee beans in 2019, it is clear that the price trend is increasing, so it is expected to continue to grow as expected by ICO in the future.

But according to ICO, 31.59 million bags were exported in the first three months of the 2021 coffee year, an increase of 6.1% from October to December 2019. It can also be seen that the demand for robusta coffee beans is also quite large, but because the flavor of coffee is not as good as Arabica coffee beans and the benefit is relatively low, it is still far inferior to Arabica in terms of output and price.

Trend of Global Coffee production in 2021

The International Coffee Organization also believes that global coffee production is expected to increase by 1.9% to 171.9 million bags in 2021, of which Arabica coffee bean production is expected to increase by 5.2% to 101.88 million bags.

And because of the epidemic, many countries have restricted outdoor travel, sales of outdoor cafes are much lower than before, demand is also less, but because of this, new consumption patterns have also begun to emerge, such as online shopping abroad has also become a trend, and this has promoted the slow recovery of the global economy, so the World Coffee Organization ico also expects coffee consumption in 2021 to increase by 1.3% compared with 2020. Up to 166.63 million bags.

However, even so, the International Coffee Organization still estimates that the total coffee production surplus is about 5.27 million bags, but the figures are not absolute. The specific situation still depends on the trend of this year. For example, vaccines against COVID-19 are also being developed and promoted. If all goes well, we may be able to get rid of the epidemic this year, and the global economy will begin to recover.

* Image source: Internet

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