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 ~!
- 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
- The design principle of the V60 filter cup! Why is the V60 filter cup called V60? What is the difference between a V60 hand-brewed coffee filter cup and a cake filter cup? Who invented the V60?
- Why does mocha pot coffee smell burnt? How to adjust the coffee extract in the mocha pot? What should I do if the coffee in the mocha pot is burnt? Why is mocha pot coffee so easy to overpower?
- Why can't cappuccinos be made takeout? What is the ratio of coffee to milk in a cappuccino? How thick is the milk foam in capuccino? What does Capuccino mean?
- How to make silky and strong salty mocha coffee? How to make a delicious mocha latte? What is the difference between latte and mocha coffee?
- How to use the Aiyue coffee press machine? Who invented Aiyue Pressure? What is the difference between Aiyue brewed coffee and hand-brewed coffee? What is the principle of coffee extraction from Aiyue Pressure?
- How to make the world's top coffee Yejia Xuefei? What are the characteristics of Yejia Shefi coffee? What is the flavor of Yejia Shefei? How to solve the blockage during lightly baked beans?
- What does long extract coffee mean? What is the difference between long-extract coffee and American coffee? What is the difference between Lungo and American coffee? What is Lungo Coffee?
- What does under-extracted coffee taste like? What are the characteristics of over-extracted coffee? How to tell if coffee is over-extracted or under-extracted?
- Why isn't Dirty hot? What is Dirty in espresso? What should I do with hot Dirty?
- Share the correct way to make hanging ear coffee! How much water should I use to make my ear coffee? How many stages does the water injection of hanging ear coffee need to be divided into? How much water does it take to put in hanging ear coffee? How to m