Domestic prices in Robusta in Vietnam are higher than Arabica! Coffee prices remain high in the future
Vietnam is the world's largest Robsta coffee producer, but at the same time Vietnam also grows Arabica varieties of coffee beans. Currently, Robsta accounts for 95% of Vietnam's total coffee production, while Arabica accounts for 5% of total coffee production.
Although Vietnam produces a lot of Robusta coffee beans, the price of Vietnamese Arabica coffee beans has always been higher than that of Robusta coffee beans, but this situation has changed recently.
According to a report by the Vietnam Coffee and Cocoa Association (VICOFA), the average price of Robusta coffee exports in Vietnam in May was US$3920/ton, while the average price of Arabica coffee exports was US$3888/ton. This is the first time in Vietnam in nearly 50 years. Robusta prices are higher than Arabica.
At present, according to local coffee companies in Vietnam, domestic coffee prices are higher than recently released official data. The current spot price of Robusta coffee in Vietnam is 132 million-139 million VND/ton, while Arabica coffee The spot price is 100 million-130 million VND/ton.
In addition, the data also showed that the average price of coffee exports from January to May was US$3428/ton, an increase of 50% compared with the same period last year. The average price of coffee exports in May was as high as US$4208/ton, an increase of 11.7% from April, and a year-on-year increase of 63.6% in May last year.
The price of Robusta is higher than that of Arabica coffee, mainly because the market exceeds demand. Although Brazil has recently reported that Robusta's production and exports have increased compared with the past, it has failed to fill the gap created by production cuts in Vietnam and Indonesia.
Although in Vietnam's coffee export report in recent months, coffee exports have increased simultaneously with the rise in coffee prices, due to the impact of long-term high temperatures and drought, Vietnam's coffee industry may experience a decline in output and export volume in the second half of the year. problem.
Therefore, the Vietnam Coffee and Cocoa Association stated that it was earlier expected that a 20% reduction in Vietnam's coffee exports in 2023/24 would remain unchanged. Since more than 1.2 million tons of coffee have been exported, which is higher than the export volume in the same period last year, proving that market stocks are low, demand is high, and prices remain high. Therefore, it is expected that domestic coffee prices will continue to remain high in June.
In the past, when the price of Robusta had not increased, many roasters would choose Robusta and Arabica among their blended coffee beans. However, due to the current price increase in Robusta, roasters may consider Choose more Arabica coffee.
On the other hand, Brazil's new production season in Robusta has begun picking and has a good harvest. The Brazilian Coffee Exporters Council (Cecafé) said that Brazil's coffee exports in 2023/24 are expected to reach 46.3 million bags (60 kilograms/bag), which will hit a record high. These news will slow down the continued rise in Robusta coffee prices.
- Prev
Sharing the basic logic of hand-brewed coffee: How to improve the level of coffee with segmented brewing?
People often say that there are thousands of brewing techniques, but only segmentation is the most reliable. I don't know if you have ever been curious about this question since you learned to brew by hand. Everyone always emphasizes that segmented extraction can better enhance the layering of coffee. So each stage of water injection is actually responsible for extracting which part of the coffee. What about the flavor? heart
- Next
2024 Best Panama BOP Multi-Breed Champion Chiroso Breed Introduction
In recent years, the coffee market has increased demand for some new varieties of coffee, and in some large-scale competitions, some competitors have chosen new varieties to compete, which has made the variety popular, such as sidra, which has become popular recently. Recently, Panama held its 20th in 2024.
Related
- The design principle of the V60 filter cup! Why is the V60 filter cup called V60? What is the difference between a V60 hand-brewed coffee filter cup and a cake filter cup? Who invented the V60?
- Why does mocha pot coffee smell burnt? How to adjust the coffee extract in the mocha pot? What should I do if the coffee in the mocha pot is burnt? Why is mocha pot coffee so easy to overpower?
- Why can't cappuccinos be made takeout? What is the ratio of coffee to milk in a cappuccino? How thick is the milk foam in capuccino? What does Capuccino mean?
- How to make silky and strong salty mocha coffee? How to make a delicious mocha latte? What is the difference between latte and mocha coffee?
- How to use the Aiyue coffee press machine? Who invented Aiyue Pressure? What is the difference between Aiyue brewed coffee and hand-brewed coffee? What is the principle of coffee extraction from Aiyue Pressure?
- How to make the world's top coffee Yejia Xuefei? What are the characteristics of Yejia Shefi coffee? What is the flavor of Yejia Shefei? How to solve the blockage during lightly baked beans?
- What does long extract coffee mean? What is the difference between long-extract coffee and American coffee? What is the difference between Lungo and American coffee? What is Lungo Coffee?
- What does under-extracted coffee taste like? What are the characteristics of over-extracted coffee? How to tell if coffee is over-extracted or under-extracted?
- Why isn't Dirty hot? What is Dirty in espresso? What should I do with hot Dirty?
- Share the correct way to make hanging ear coffee! How much water should I use to make my ear coffee? How many stages does the water injection of hanging ear coffee need to be divided into? How much water does it take to put in hanging ear coffee? How to m