The decline in production in Robusta coffee producing areas led to a surge in Robusta prices, and the export growth of Arabica coffee beans was stable.
Indonesia has been affected by bad weather, resulting in a sharp drop in production, Reuters reported. Moreover, the El Ni ñ o phenomenon continues and causes high fever in low-lying coffee producing areas, so Indonesia's total production will plummet to less than 10 million bags of 60 kilograms this year, and this year's coffee harvest will be the lowest in more than a decade.
And experts at the Indonesian Coffee and Cocoa Research Center say El Ni ñ o can have devastating consequences for low-altitude growing areas and forests, where high temperatures and drought can be devastating, while Robusta mostly grows at low elevations. Indonesia's exports of Sumatra Robusta coffee beans reached 3192.28 metric tons in January, down 79 percent from 15006.2 metric tons in the same period last year, according to the Indonesian Trade Office.
The decline in exports has also led to a surge in export prices, with Indonesian Sumatra Robusta coffee delivered in April now trading at more than $800 a tonne, up from $720 a tonne earlier, according to one trader. In addition, the quotation for the pre-sale contract in May increased to US $700 per tonne, up from US $640 per tonne the previous week.
Vietnam has also been affected by drought, resulting in a 10% reduction in annual coffee production this year. This has also led to a rise in the price of robusta coffee beans in Vietnam, which are expected to cost between 83 million and 85 million dong / ton in the central highlands. According to local experts, coffee prices have been soaring due to strong demand and falling supply, and many companies have stepped up purchases to increase inventories and further push up prices for export reserves.
Although Vietnam exported only 160000 tons of coffee in February 2024, down 20% from the same period in 2023, Vietnam's coffee exports increased by 67.50 in the first two months of 2024 compared with the same period in 2023, with a turnover of US $1.25 billion.
Currently, Arabica countries report strong exports from Central America and Honduras, which sold 932678 bags in February 2024, an increase of 26 per cent over the same period in 2023. In Africa, the Kenyan government earlier invested 6 billion dollars to support coffee cultivation, and by 2023, the area of coffee has increased to 111709 hectares, an increase of 2.1 percent. The Kenyan Presidential Bureau of Accounting says Kenya exported 47861 tons at a price of $251.86 million during the 2022 Compact 23 production season.
- Prev
What kind of boutique coffee is Xiju? Why is it called the polluted Rose Summer? Was it born in Ecuador or Colombia?
"Hope claw", in the past two years, its discussion is no less hot than the rosy summer, and it has appeared in the hand menus of many coffee shops. When Rose Xia ascended the throne of the coffee industry in 2004, countless varieties of coffee tried to compete with Rose Xia, trying to pull it down from the throne.
- Next
The discount is too little! Lucky to limit the new product is controversial!
Daily boutique coffee culture magazine coffee workshop chilly spring cold and continuous drizzle make Cantonese people who go out to work these days have to wrap up their coats and complain about the capricious weather in Guangdong while hiding from the wind. At this time, most people like to take a sip of warmth to warm their body and mind.
Related
- A coffee shop drives customers out on the spot?! Store: No Chinese people are accepted
- Children suffocated and died after drinking pearl milk tea! Parents: The store did not inform the risk
- Can I put a thermos in a thermos pot to keep my coffee warm? Why does coffee not taste so good after it cools down? What is the most suitable amount of milk for latte?
- How to make coffee cream? Do I have to use instant powder for 400 hand-made coffee? What is the composition of coffee cream in Naples coffee?
- What is an authentic cappuccino? How to make cappuccino golden circles? What is the ratio of coffee to milk in a cappuccino?
- Can espresso beans be used to make hand-brewed coffee? What is the difference between Italian mixed beans and hand-made single beans? What are the characteristics of SOE coffee beans?
- Big battle! Mixue Ice City has opened three stores in the United States?!
- Lucky launches rice milk latte! Netizen: After drinking it, I thought I bought it an ordinary latte
- Remove the perimeter! Naixue's largest flagship store in the world quietly closed!!
- Manner Co-branded Cup is a literary style?! Netizen: I almost didn't recognize it