Routes are expected to resume, coffee trade is expected to return to normal, and coffee prices are expected to fall.
Recently, coffee trade has encountered no difficulties. First, it has encountered the influence of El Ni ñ o weather, and many coffee-producing countries have encountered extreme weather, which has also led to a decrease in coffee production, a decrease in production and a decrease in exports, leading to a high price of coffee.
In addition, the EU issued the EU deforestation regulations (EUDR) earlier, which stipulates that no individual or enterprise can sell products involving deforestation in the EU market, including coffee, cocoa and other products. The bill requires operators to investigate their products to ensure that they do not involve deforestation or lead to forest degradation. Otherwise, they will face a series of punitive measures, such as fines or restrictions, prohibition of exports and so on. The regulation will have an adaptation period of 18-24 months and will come into effect by the end of December 2024 at the earliest. Therefore, many importers do not dare to import coffee rashly, and if there is no effective communication and agreement with the European Union during the transition period, many coffee and cocoa countries will face economic problems.
Ships are usually used for shipping in the coffee trade, but recently there have been a lot of problems in shipping. Some countries are affected by El Ni ñ o weather, and some canals and rivers are plagued by drought. The serious impacts are Brazil's Amazon Basin and the Panama Canal. The Panama Canal is also an important channel for global trade, carrying a large number of ships and goods. All these conditions have affected the export of some coffee.
Recently, international shipping has been threatened by Houthi forces, and ships passing through the Suez Canal have been attacked by armed attacks, so a number of shipping giants around the world have announced that they have suspended the Red Sea-Suez Canal waterway or diverted to the Cape of good Hope. As a result, the limitation of container logistics for transporting coffee around the world has been extended.
In addition, the Russian-Ukrainian war and the Israeli-Palestinian conflict this year have reduced consumption in some areas, and inflation has also led to a reduction in consumption. This year's relatively high interest rates have increased the cost of trade. As a result, the price of coffee futures has risen sharply recently, with the main contract price of Arabica futures breaking through 200 cents / pound, and the assistant contract price of Robusta coffee futures approaching 3000 US dollars / ton.
Recently, there is good news that the price of coffee is expected to fall in the near future. First of all, the El Ni ñ o weather has entered a peak, and the phenomenon may last until March-April 2024 and will die out. As a result, production in some coffee-producing countries began to recover, and exports also tended to increase. In addition, international shipping companies have received news that the Prosperity Guardian initiative will be implemented. As a result, shipping companies have the opportunity to resume preparations to cross the Red Sea. The price of coffee is expected to fall in the future.
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
Coffee Treatment Anaerobic Treatment History, Anaerobic Solarization, Introduction to Santa Vini Coffee Beans
In recent years, the coffee market continues to develop, there have been many coffee treatments on the market, which are collectively referred to as special treatments, which are special treatments that can make the flavor of coffee beans more varied, more special, and rich in taste, which has been loved by many people. At present, relatively new treatment methods include anaerobic washing/day
- Next
How is the Vietnam Didi pot used? Can it be used to brew coffee by hand?
Most areas will have local characteristics of the coffee pot, although it is not necessarily a local invention, but must be carried forward locally! For example, the ceramic coffee pot in Ethiopia; or the Turkish pot that keeps pouring out coffee liquid; and the Italian mocha pot that we just talked about, and then our article.
Related
- What effect does Italian American coffee with filter paper have? Will coffee taste better if it is put on filter paper at the bottom of the powder bowl?
- What is the color difference in coffee beans? What are the characteristics of honey processed coffee beans? Why are the anaerobically treated coffee beans uneven in color?
- How does novice Xiaobai quickly get started and make coffee? Newbies learn to make coffee by hand and share the specific steps and process process!
- Costa tea has a shelf life of 100 years?! Expert: Unable to verify
- It's a huge uproar! American milk addition was rejected by Manner employees?!
- Mocha pot coffee bean recommendations| How fine and how much powder should be used for grinding? What parameter ratios do I need to use to make milk with Mocha pot coffee?
- What are the characteristics of the world's top ten coffee beans treated with Costa Rica honey? How to make black honey kadura from Tarazhu Pilon Processing Plant taste good?
- How to make deep-roasted coffee? What grinding water temperature does authentic Jamaica Blue Mountain No. 1 coffee use to brew it well?
- Selected high-grade rose summer coffee flavor tasting guide Why Panama rose summer has the aroma of flowers and fruits
- What equipment does a novice Xiaobai need to buy to learn to make coffee? Filter cup electronic scale bean grinder manual flushing pot purchase guide