Vietnam Coffee and Cocoa Association expects exports to decline next year and prices to remain high
According to the Vietnam Coffee and Cocoa Association, due to falling production, non-carry-over stocks and growing local demand, Vietnam's coffee exports in the 24th quarter are likely to be lower than a year ago, so export prices will remain high.
The president of the Vietnam Coffee and Cocoa Association said at the 27th Asian International Conference held in Ho Chi Minh City on December 5-6 that Vietnam, the world's largest producer of Robusta coffee, is currently in the 2023 / 24 harvest season. but only about 50% of the total acreage has been harvested and production is expected to be much lower than expected.
It added that due to unfavorable weather and reduced acreage, production in the new season could reach 1.6 million to 1.7 million tons, compared with 1.78 million tons in the previous quarter. In addition to the decline in production, there has also been a decline in exports. Vietnam's coffee exports from January to November in 2023 fell by nearly 13% compared with the same period in 2022, and may fall by 15% for the whole year.
According to Intimex Group, one of Vietnam's export coffee companies, coffee-growing areas in south-central Vietnam are shrinking. The main reason is that coffee brings a profit of 200 million dong per hectare, but avocados can provide 111.5 billion dong, more than five times that of coffee, and many farmers choose to grow avocados. And according to the rapid decline of the Ministry of Agriculture and Rural Development, the country has about 700000 hectares of coffee grown, but in fact it may be more than 600,000 hectares.
Over the past two years, there has been a considerable deficit in the global coffee supply, which has seriously affected stocks and prices. Global consumption of robusta beans increased by 10 per cent in 2023, while Arabica production fell by 8 per cent, as increased demand pushed up the price of robusta beans. The price of coffee beans in Vietnam was very high at the beginning of the 24th quarter of 2023, about 60000 dong per kilogram. At the beginning, such a high price has never happened in the history of Vietnamese coffee.
The new harvest season is expected in Indonesia and Brazil in April-May, so European demand for Vietnamese robusta coffee will remain strong. However, with declining production, insufficient inventories and an increase in the domestic coffee market, Vietnam is likely to export 1.4 million tons of coffee in the 24th quarter of 2023, down from the 23rd quarter of 2022. The price of Robusta coffee beans will continue to rise until at least April next year before Indonesia and Brazil enter the new harvest season.
Disclaimer: some of the pictures in this article come from the network, and some of the contents of the website, such as pictures, we will respect the origin of the original copyright, but due to the large number, there will be individual pictures and texts not in time to indicate, please forgive me. If the original author has any disputes can contact the website to deal with, once verified, we will immediately correct, by "Ka comment vdailycom" collation and editing, reprint please indicate, this article is intended to spread coffee culture, if infringement, please inform to delete, thank you ~!
- Prev
How do you make coffee? The correct way to brew ear-hanging coffee
Although the ear-hanging coffee flavor is far less than the freshly ground hand-brewed coffee, but the main thing is a convenience! It removes a series of cumbersome operations such as grinding, weighing, and manipulation of hand-brewed coffee, and only needs to open it and fill it! You can get a cup of coffee quickly. But there are some friends who don't know, okay
- Next
Maybe that's why the community coffee shop exists.
▲ Click to follow | Daily boutique Coffee Culture Magazine Coffee Workshop in recent years, as many people return to their hometown from big cities with the idea of opening a shop, more and more approachable coffee shops have opened into the community and infiltrated into people's daily life. I don't know in everyone's impression, the ideal community coffee shop is long.
Related
- The more you look at it, the weirder it becomes?! Lucky linkage cup print three-eyed Tom Cat!
- Self-delivery modification was rejected! Customers come to the door and throw coffee angrily?!
- What degree of grind should I use to make coffee by hand? How fine should the coffee powder be ground with cold ice drops? What is the No. 20 screen? How fine are the grains of fine sugar? What is the appropriate grind for the espresso?
- Why is coffee bean watches always oily? Are the oil out of the coffee beans stale? Are oily coffee beans of higher quality? What is the difference between deep and light coffee?
- How long is the taste period for coffee? How long is the best time to finish your coffee? How long can coffee stay in a thermos cup? What is the best degree of hand-brewed coffee?
- Pour out all the raw materials! Many Lucky products are off the market!
- "Haidilao in the milk tea industry" Kawangka quietly increases its prices again! Netizen: No more drinking!
- Ask for 20,000 yuan! Coffee shop managers trick employees into fake marriages?!
- Milk tea takeout "strong" with 10 packs of tissue?! User: No collection or delivery
- Which is sour, deep-roasted or lightly roasted coffee? Do people who know coffee want light or deep roast? What is the difference in the degree of roasting coffee? What is the difference between lightly roasted coffee and deeply roasted coffee?