Global coffee production up, Arabica prices down slightly, Robusta stays high
Recently, according to Reuters, Vietnam is suffering from drought, coffee production will be reduced. Brazil forecasts rain next week, and the forecast is positive. Arabica coffee production is on an upward trend and prices will fall. And Colombian production rebounded in 2023, ending three consecutive years of decline due to weaker rainfall.
![](https://world.gafei.com/uploadfile/2e/71624b9f.jpg)
According to the International Coffee Organization (ICO), global coffee exports rose 4.1 per cent in November from a year earlier to 10.61 million bags, while coffee exports rose 3.1 per cent to 20.25 million bags from October to November. After that, the increase in the global supply of Arabica coffee will bring down the price. But the supply of Robusta coffee is still tight, and the price of coffee remains high.
![](https://world.gafei.com/uploadfile/30/bf6ad700.jpg)
At present, due to the tight supply of Robusta in Vietnam, prices will remain high and have the opportunity to continue to rise. And caused the price of robusta coffee to hit an all-time high recently. According to Vietnam's General Administration of Customs, Vietnam's coffee exports for the whole of 2023 fell 9.6% from a year earlier. In addition, Vietnam's Ministry of Agriculture predicts that coffee production could fall by 10% in the 2023 crop year due to drought in Vietnam, the lowest in nearly four years.
The Colombian National Coffee Federation said coffee production in 2023 increased by 2 per cent from 11.08 million bags in 2022 to 1130 bags, still slightly lower than the federation's earlier forecast of 11.6 million to 12 million bags of coffee. But exports fell 7 per cent to 10.5 million bags, down from 11.4 million bags in 2022. Colombia, the world's largest producer of washed Arabica, was earlier affected by La Nina, which aggravated the rainy season rainfall and affected flowering time and yield. The subsequent weather impact weakened, with coffee production in Colombia rebounding to 1.22 million bags in December, up 24% from 981000 bags in December 2022. Exports rose 3% in December to 1.06 million bags, up from 1.03 million in December 2022.
Brazil, according to the Somar Meteorologia report, the Brazilian state of Minas Gerais has received 35.1mm of rainfall in the past week, accounting for 65 per cent of the historical average, but there has been a slight increase in coffee production. And the production of Arabica in Brazil has increased and the planting area has been increased, so it is predicted that the production of Arabica in 2023 in 24 will increase by 12.8% compared with the same period last year to 44.9 million bags. The current weather forecast shows that the temperature in Brazil's Robusta production area is 9 ℃ higher than the average and the rainfall is 75 mm less than the average. If Robusta production is to pick up, we need to continue to observe the follow-up climate change.
Note: 60kg per bag
- Prev
Introduction of world coffee producing areas, Latin American coffee producing areas and rare coffee producing areas
Coffee is not suitable for growing in all parts of the world. Coffee trees are planted in the equatorial zone between the Tropic of Cancer, also known as the "coffee belt". According to the coffee belt, it can be divided into three major coffee producing areas: Latin American coffee producing area, Asia Pacific coffee producing area and African coffee producing area. So where are these areas?
- Next
All of a sudden! Delong Group has become a major shareholder of Hot Mom!
▲ Click to follow | Daily boutique Coffee Culture Magazine Coffee Workshop if you are a coffee player, I believe you are no stranger to the two brands in the title, one is the resident player of the household coffee machine, the other is known as Rolls-Royce in the coffee machine world, and people affectionately call it "Hot Mom", both in the industry
Related
- The coffee shop assistant steals his own credit card machine to collect money! Court: No repayment required
- What are the characteristics of Panama's coffee producing areas? How to grade Jade Manor
- Roads in many places in Colombia are blocked! Influencing transportation in multiple industries
- Shoulder to shoulder! The coffee exhibition became a national gathering without threshold!
- Panama BOP award-winning Jensen Manor What is rose summer coffee? The difference between Jensen Manor and Emerald Manor?
- How does the concentration of espresso affect? What does shot mean? How to say strong coffee?
- Passers-by tear up coffee shop posters for photos! Shop owner: I am furious
- Lucky installed a tea drinking machine?! Employee: Happy and sad!
- What does Kenyan coffee taste like? What classification does Kenya use?
- Coffee bean prices are high! Nearly 60% of Brazil's land is affected by drought and fires!