There is a serious global shortage of coffee beans. Overseas buyers have set their sights on China's producing areas.
International buyers have set their sights on the Chinese market as a result of a persistent drought in Brazil, the world's largest coffee producer, and a sharp drop in coffee bean production. Volcafe, a US food company, announced on Tuesday that it would set up a joint venture in China to buy and sell coffee beans grown in Yunnan province.
Analysts believe that although China accounts for less than 1% of the world's coffee bean production, it still has a new source of goods despite the sharp drop in global coffee bean production.
At present, many international enterprises, such as Nestl é and Starbucks, have also set up coffee bean purchasing sites in Yunnan. According to the Brazilian National Coffee Association, due to the severe drought in Brazil, coffee bean production this year will reach 2.46 billion kg, nearly 20% less than last year, while next year production will fall to less than 2.4 billion kg, the worst decline in 50 years.
Brazil is the world's largest producer of Arabica beans, the main source of raw materials for coffee shops, and its prices have nearly doubled so far this year. China's mild-flavored Arabica beans are a relatively new breed in the global coffee market but are rapidly gaining recognition from coffee lovers around the world, according to the global head of commodities trader ED&F Man.
According to Volcafe, the annual output of coffee beans in Yunnan is usually more than 60, 000 tons. According to the latest news from Yunnan Coffee Industry Association, Yunnan coffee planting area accounts for more than 95% of the country, and coffee output is expected to reach about 120000 tons this season.
Among the domestic A-share listed companies, 600572.SH is involved in the coffee business, and its products include instant coffee and coffee bean powder, and raw beans are produced in Yunnan. In addition, Yunnan Kangenbei Coffee Co., Ltd., invested by Conbey Group Co., Ltd., the controlling shareholder, is mainly engaged in coffee research, planting, processing, etc., and plans to build tens of thousands of mu ecological coffee demonstration base in Pu'er. The first 10,000 mu ecological coffee demonstration garden has been launched.
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Coffee Information the next coffee futures market is in China.
Coffee futures may still be a fresh trade in the Chinese market, but for Michael Nugent, it is the most mellow precipitation in his 40 years of futures trading experience. I love coffee. I think Chinese people also like coffee very much. I believe the next coffee futures market is in China. This one has been engaged in coffee in the New York Futures Exchange for 40 years.
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Brazilian production decline trading companies bet on Chinese coffee beans
According to the Wall Street Journal website on October 29th, commodities trading company EDF Man Holdings Ltd. Volcafe, a subsidiary, said on the 28th that it had signed an agreement with China Simao Arabica Star Coffee Co., Ltd. (Simao Arabicasm Coffee Company) to set up a joint venture to buy and sell coffee beans from Yunnan. According to the report, China
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