A number of countries have reported an increase in coffee production and a good performance in coffee exports
Recently, according to Nasdaq, coffee prices began to decline recently, Robusta coffee prices began to fall, and Arabica prices were relatively stable.
Robusta coffee prices began to fall mainly in Vietnam and Brazil, although Vietnam has been affected by drought, and Vietnam's Ministry of Agriculture predicts that Vietnam's coffee production will fall by 10% to 1.656 million tons in 2023. But according to the Vietnamese Presidential Bureau of Accounting, Vietnam exported 238266 metric tons of coffee in January, up 14.8 per cent from December and 6 per cent from January last year. This export volume is not only higher than the previous market forecast of 3.25 million bags, but also a record monthly export volume.
In addition, Vietnam, like China, celebrates the Lunar New year. Earlier, Vietnamese farmers were reluctant to sell their coffee beans. They were watching, hoping to wait until prices were higher before selling coffee beans, so that they could have enough money for the Spring Festival. In addition, many traders find it difficult to get enough goods to fulfill the previously signed pre-sale contracts, so they can only renegotiate with farmers to buy coffee beans at the right price. Moreover, due to the increase in coffee exports in January, the market predicts that Vietnam's coffee production will increase by 28 million bags in 2023, although it is lower than the average output, but the export volume will further increase to 25.5 million bags.
In addition, in Brazil, according to data from Brazil's local meteorological department, continuous rainfall in the main coffee producing areas of Brazil in February is conducive to the growth of coffee crops. And researcher StoneX earlier predicted that coffee production in Brazil would rise 4.2% year-on-year to 67 million bags. In addition, due to the ongoing Red Sea crisis, traders reduced their purchases of coffee beans in Vietnam, as routes had to be diverted to the Cape of good Hope, shipping costs and shipping time increased, traders turned to Brazil to buy Robusta coffee beans.
In addition, Arabica prices are stable because coffee exports in the Americas, Guatemala, Costa Rica, Nicaragua and El Salvador remain stable, and the volume of coffee exports is basically the same as in the same period last year. But in Honduras, coffee production is expected to be 5.35 million bags and 60 kg in 2023 and 24, a decrease of about 6 per cent compared with the previous year. However, due to the stability of logistics, the export volume can reach 4.95 million bags, the same as last year.
There has been a big increase in coffee production in Colombia in the Americas. Colombian coffee production in 2023x24 is expected to reach 12.6 million bags, an increase of 15.5% over the previous year, and coffee exports are expected to increase by about 10.8 million bags, an increase of 12.5% over the previous year.
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
Ethiopian Coffee Bean | introduction of graded Coffee beans in Gori Rose Summer Village
Speaking of rose summer, many people will think of BOP. After all, rose summer varieties were too fragile, cumbersome to grow and needed long-term care, so they were not liked by farmers. Until 2005, the Emerald Manor used rose summer varieties to participate in the best Panama (Panama) competitions and auctions and won the first place with excellent results.
- Next
Joint crash! Lucky Yihetang's "Battle between Bao and Dai"!
▲ Click to follow| Daily boutique coffee culture magazine coffee workshop 9.9 activity shrinkage storm is not over, lucky to save the hearts of lucky fans, first launched cherry blossom season limited drinks, then put on the shelves of Ullens contemporary art center joint cups and knitted bags, but these two activities response is flat, consumers
Related
- What grade does Jamaica Blue Mountain No. 1 coffee belong to and how to drink it better? What is the highest grade of Blue Mountain coffee for coffee aristocrats?
- What are the flavor characteristics of the world-famous coffee Blue Mountain No. 1 Golden Mantelin? What are the characteristics of deep-roasted bitter coffee?
- Can I make coffee a second time in an Italian hand-brewed mocha pot? Why can't coffee be brewed several times like tea leaves?
- Hand-brewed coffee flows with a knife and a tornado. How to brew it? What is the proportion of grinding water and water temperature divided into?
- What is the difference between Indonesian Sumatra Mantinin coffee and gold Mantinin? How to distinguish between real and fake golden Mantelin coffee?
- What does bypass mean in coffee? Why can hand-brewed coffee and water make it better?
- Unexpected! Ruixing Telunsu lattes use a smoothie machine to foam milk?!
- % Arabia's first store in Henan opens into the village?! Netizen: Thought it was P's
- Does an authentic standard mocha coffee recipe use chocolate sauce or powder? Mocha Latte/Dirty Coffee/Salty Mocha Coffee Recipe Share!
- What is the difference between Vietnam egg coffee and Norway egg coffee? Hand-brewed single product coffee filter paper filter cloth filter flat solution!