As global coffee prices rise, farmers are reluctant to sell coffee.
According to foreign media reports, due to the reduction in coffee supply, farmers want coffee prices to rise and are unwilling to sell coffee, leading to deserted trading in the Vietnamese coffee spot market.
In Vietnam's largest coffee-growing region, the central plateau, the latest spot price of coffee is 63500,66,000 dong / kg (US $2.62-2.72), up from 59900,60,500 dong / kg last week.
Local traders said, "Cafe farmers are not selling coffee beans now because the price of coffee has been rising and they are waiting for it to rise even higher. They may wait until the end of December to start releasing large quantities of coffee beans in preparation for the upcoming Lunar New year." Another trader said that farmers had finished picking coffee fruits and were drying the beans.
Arabica coffee closed up 3.4 cents, or 1.8 per cent, to $1.8865 a pound in March, after hitting a seven-month high of $1.9195 a pound, according to the London Stock Exchange. Robusta Coffee rose $228 in a week to $2769 a tonne after hitting a 15-year high of $2810.
The price rise is thought to be due to concerns about the future of coffee supply. Some dealers said that Brazil, the world's largest coffee producer, is facing high temperatures and dry weather in some areas, which is the latest climate problem that coffee has to deal with. Earlier, other coffee-producing countries, such as Indonesia and Vietnam, reported similar problems.
According to LSEG's agrometeorological dashboard, soil moisture in the state of Espinirito Santo (Espirito Santo), Brazil's largest production area, is now at its lowest level in seven years, which is bad for coffee growth. Dealers in Brazil say local farmers are in no hurry to sell coffee because they struck a deal at a higher price last week, the weather is uncertain and the end of the year is approaching.
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 ~!
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
Why is the Arabica Pacamara said to be the archrival of Rose Summer? Is it better than claw and Java?
Yes, "Pacamara", it is also a bean seed trying to win the throne of Rose Summer. In his book "Bean Hunter", Mr. Xu Baolin gave it the title of "Rose Summer Enemy". It sounds very competitive, so what is the origin of Pacamara? Pakamara
- Next
"I decided to pack up the coffee shop and sell it, and the cat stayed."
▲ Click to follow | Daily boutique Coffee Culture Magazine Coffee Workshop one sunny morning, sitting in a familiar cafe drinking Australian white made by the boss, suddenly the other party came up to him with a sad look on his face and said, "Today is the last day of business, although I really don't want to give up, but after thinking about it for a long time, I decided to put
Related
- What ratio of water temperature and ground does the smart cup method use to press coffee? The difference between brewed coffee and filtered coffee?
- What is the standard process for the purpose of coffee cup testing? What is the difference between hand-brewed coffee and cup testing?
- How to use hand-brewed coffee paragon small golden balls? How does cold coffee lock in the aroma of coffee?
- Is American coffee black? What is the difference between American coffee and drip coffee?
- Unexpected! Well-known tea beverage brand Lele Tea will withdraw from the Zhengzhou market!
- Starbucks enters the fashion and beauty industry?! Netizen: Give me an ice American eye cream
- Why can American refills for free? The difference between Americano and American drip pot coffee
- Being chased out of the rain in front of Starbucks?! Store: Sheltering from rain under umbrellas poses a safety hazard
- The white moonlight has changed?! Lucky launches "Big Winter Pear American"
- Hand-brewed coffee three-stage method, high-sweet and universal brewing method to share! What does the high sweet water level of hand-brewed coffee mean?