Vietnam Robusta coffee price remains high, but is not optimistic about the future market.
Recently, according to the Vietnam Coffee and Cocoa Association, Vietnam's Robusta prices surged due to a decline in local production, growing demand for Robusta coffee and strong exports. The expected price of raw coffee in the central highland is 91 million to 93 million dong / ton. the current spot price of coffee is constantly breaking the price record, up 49% from 46 million to 47 million dong / ton in the same period last year and 30% so far this year.
The figures indicate an increase in Vietnamese coffee exports, which fell 20 per cent in February from a year earlier to 160000 tons, according to the Vietnam Bureau of Statistics. But total coffee exports from January to February rose 16.2 per cent year-on-year to 390000 tons. Export earnings reached US $138 million, up 27.9 per cent and 85 per cent respectively over the same period last year. The largest export markets are Germany, Italy, Japan and Spain.
Some Vietnamese exporters say there is a strong global demand for Vietnamese Robusta coffee, but the supply chain has declined this year. It is mainly in terms of production, due to the drought caused by El Ni ñ o weather and a reduction in coffee acreage, Vietnam's coffee production decreased by 10% in 2023. In addition, there is a shortage of stocks, which is only 1/3 of that in previous years, which stems from last June, for the first time in history, farmers had no coffee to sell, resulting in a sharp drop in inventories. Traders and exporters have stepped up their efforts to buy coffee beans to ensure stocks, further pushing up prices, and coffee prices are expected to peak in the near future.
Moreover, industry insiders are not optimistic about the future price trend, as the market supply is expected to improve as April approaches and the harvest season for robusta coffee in Brazil and Indonesia is approaching. When the market supply returns, the price of Robusta coffee will fall, so Vietnamese experts call on growers and traders to sell their coffee as soon as possible, and call for more investment in the development of Vietnam's coffee industry.
In addition, external geopolitical problems have also been affecting coffee prices. at present, the Houthi continue to attack and conflict in the Red Sea region, and the Red Sea crisis has not eased, and continues to spill over to the Gulf of Aden, the Arabian Sea, and the Persian Gulf. The most serious impact is the route from Europe to the far East and parts of the east coast of the United States to Asia, so shipping companies can only choose to detour the Cape of good Hope. But there are problems such as increased fuel consumption, rising costs, transportation time, and risks such as seafarers' strikes.
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
The chairman of the parent company of Pier Coffee and CEO both left.
▲ click to follow | Daily boutique Coffee Culture Magazine Coffee Workshop last Friday, JDE Peet's, the parent company of Piay Coffee, one of the largest coffee groups in the world, suddenly saw a big change in personnel at the top. According to a report by Yahoo News on March 9, JDE Peet's Group is headquartered in
- Next
What is Super Solar treatment (Super natural)? Introduction to the characteristics of Super Sun-cured Coffee beans
In the fourth Wave of Fine Coffee, teacher Han Huaizong describes the sun treatment as follows: "tanning is an ancient treatment with the oldest history by preserving the whole fruit of coffee, advocating nature, and not invading human nature." In fact, it is. Qianjie looked up a lot of data and found that since people discovered coffee in 1400,
Related
- What is the difference between Smiley Australian White and Fri White Latte? How to make Flat white flowers How thick is the milk foam?
- How to drink espresso, what are the flavor characteristics? What coffee beans are the best for making espresso?
- Should the mocha pot filter paper be placed above or below? What effect will the mocha pot coffee pad filter paper have?
- What is the difference between a hand-brewed coffee maker and an ordinary hot water kettle? How to make coffee with a domestic kettle?
- Do you want to steam it for hanging ears? Can hanging ear coffee be extracted twice? Is it normal that there is no foam in the flushing ears?
- Can latte be made with milk brewed with milk powder? What proportion should be used to make espresso?
- Does deep-roasted coffee have more caffeine than lightly roasted coffee? What degree of roasting coffee beans have the least caffeine?
- Is coffee bean size related to quality? Why is Kenyan Tanzanian coffee graded by size?
- What is the difference between Australian white coffee and latte? How to extract the concentrated Ristretto in Australian White coffee?
- What is the reason why latte coffee foam quickly? Why doesn't lightly baked beans look good when making Italian milk cala?