Arabica coffee bean supply shortage Arabica coffee bean futures price continues to rise

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

Futures prices for Arabica coffee beans are soaring amid signs of a shortage of Arabica coffee beans in 2021, Bloomberg reported.

Analysts at Citigroup said Marex Spectron raised its forecast for a global shortage of Arabica coffee beans from 8 million bags to 10.7 million bags because of falling production forecasts for Arabica coffee beans in Brazil. Frost in Brazil's July-August coffee harvest season may lead to further loss of Arabica coffee beans. Coffee traders, including Volcafe and Marex Spectron, expect a more serious shortage of Arabica coffee beans worldwide by October 2021. Analysts believe Arabica coffee beans will face a serious deficit threat in the coming marketing year.

With the popularity of COVID-19 vaccines, countries' economies have reopened, but at this point in time, all coffee supplies are in trouble. Industry associations estimate that every 1% growth in the world economy increases demand for 1 million bags (60 kg / bag) of coffee beans. The international monetary fund (International Monetary Fund) said on Tuesday local time that the global economy is expected to grow by 6% this year, the biggest growth in 40 years.

In New York, the price of Arabica coffee for May futures rose 4.1% to $1.2715 a pound, the biggest increase since Feb. 22 and the biggest rise in crude oil, cotton, sugar and cocoa prices in the Bloomberg Commodities Index.

The price of Arabica coffee fell 10% last month because of concerns about the speed of the global economic recovery. Analysts at Citigroup say prices of agricultural commodities appear to hold up well from April until 2022, and the rebound will be a turning point for the coffee market.

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