Affected by the weather, Ethiopian coffee production will be reduced by more than 10%, and the price will remain high.
Recently, the United States Department of Agriculture (USDA) said that due to the impact of El Ni ñ o, the African region suffered from dry weather, some crops, coffee and other production will be reduced. At the end of 2022 / 23, Ethiopian coffee production is expected to total 7.3 million bags (60 kg each), lower than the previous forecast of 8.3 million bags.
Countries in the African region are reported to be dealing with the worst drought in 40 years this year, with rivers drying up, lakes drying up and 95 per cent of surface water missing in some areas. However, after entering November, the local began to rain, after continuous rainfall, the local drought turned to flooding. This also causes serious damage to some producing areas and affects the output.
Ethiopia is the largest coffee producer in Africa and the fifth largest Arabica coffee exporter in the world, but the country consumes almost half of its coffee production. Coupled with the decline in production, coffee exports have also fallen by 19% to 3.9 million bags.
The decline in Ethiopian coffee exports is also related to the EU because the EU deforestation regulations (EUDR), issued by the EU, investigate products sold and trace the origin of the goods they sell to make sure they do not involve deforestation or lead to forest degradation. In Ethiopia, many are small farmers, and it will be a lot more expensive and difficult to comply with EU deforestation regulations, so many importers say they cannot buy Ethiopian coffee in large quantities.
For Ethiopia, agriculture is a pillar of the country's national economy and exports, and coffee is also a major cash crop. Due to the decline in exports, coupled with the earlier COVID-19 epidemic and the two-year civil war that just ended, there is a serious backlog of financial pressure. As a result, the Ethiopian government failed to pay the $33 million "coupon" on time and intends to officially enter a state of default, which has a debt principal of $1 billion.
According to the ICE Intercontinental Exchange of the United States, the futures prices of Arabica coffee and Robusta coffee remain high, mainly due to supply constraints, logistics problems and so on. In terms of supply constraints, the market is worried about supply problems in the short term due to adverse weather and the current situation of low inventories in consumer countries and exchanges. In terms of transport, due to the impact of floods, road facilities in some areas have been damaged, increasing transport costs.
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
- Prev
Kenya Coffee Development, Coffee producing areas, Coffee grading, introduction of SL28/SL34 Coffee varieties
Kenya is located in eastern Africa and runs across the country by the equator, while the East African Rift Valley runs north and south. It borders Somalia, Tanzania, Ethiopia and South Sudan, and borders the Indian Ocean to the southeast. The coastal areas are plains, and most of the rest are plateaus, with an average elevation of 1500 meters. And there are many volcanoes, the central highlands.
- Next
There are always more ways than cold wind! Expand the use of packing bags!
2023 there are three days left. Have you made a year-end summary to see how much milk tea and coffee you have bought this year? Some friends may not even need to open the takeout software, just look at the accumulated number of bags to estimate how much they have drunk this year. But there are also friends who have headaches, from various coffee shops and milk tea shops.
Related
- Characteristics of the origin and production areas of fine coffee in Africa Introduce the characteristics of the world's three major coffee-producing countries
- Why is the flow rate of hand-brewed coffee sometimes fast and sometimes slow? Relationship between coffee bean hardness and altitude roasting method
- Iced Coffee Daquan Detailed Tutorial Steps Fei: The difference between full ice, normal ice, less ice, and ice-free American style
- Hand-brewed coffee powder pit judges extraction problem What is the reason why coffee grounds are layered? How to solve the problem?
- What should I do if cold extracted coffee is too bitter or too sour? Analysis of the causes of over extraction and insufficient extraction of iced coffee
- Why doesn't homemade lattes taste like coffee? Latte beans and milk shopping guide Latte concentrate extraction parameters
- How do you think about the freshness of coffee beans, taste appreciation period, shelf life? Can expired coffee beans be roasted twice?
- Which is more suitable for espresso? Light roast, medium roast, and dark roast? Why is coffee fat richer?
- Why can I never finish making coffee in Turkish sand? Share Turkish coffee making steps and parameters!
- The influence of the thickness of the hand-brewed coffee powder bed on the extraction taste! What is the difference between a flat bottom and a conical V60 filter cup?