Global coffee demand grows at an average annual rate of 2.5% before 2020
The National Coffee Organization (OIC) predicts that global coffee demand is expected to grow at an average annual rate of 2.5% in the next six years, driven by strong demand from China, Russia and other countries. Demand will reach 175 million bags (60 kg each) in 2020, compared with 149.45 million bags in 2014.
The agency said that the global production gap this year is 800000 bags, but there is no need to worry about this situation, the market will carry out relative adjustment and balance, and Brazil is expected to adjust its inventory. Emerging markets with faster coffee growth, such as China and Russia, will grow at an average annual rate of 4% to 4.5%, while traditional markets will grow by 1% to 1.5%.
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Shanghai prepares to set up a coffee exchange to sting coffee people in Yunnan
If pacorini, an Italian warehousing operator, sets up Asia's first coffee exchange in the Shanghai free trade zone, Yunnan, as the main producer of coffee, can only do what farmers do forever. Yunnan can only stay in the place where coffee raw materials are bought and sold, and Yunnan still has no pricing power and voice. A few days ago, the Yunnan Coffee Industry Association talked about the future of Yunnan coffee industry and the establishment of coffee trade in Shanghai.
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The competition of drawing flowers and brewing coffee starts in Kunming from November 6 to 8.
Yunnan Coffee Expo and World Barista Competition (Yunnan Division), China Coffee Federation Cup International Coffee Brewing Competition (Yunnan Station) and National Street Coffee pull Competition (Yunnan Station) will be held from November 6 to 8 in the first city of South Asia. This is the first high-standard coffee event in Yunnan Province. On the evening of November 8, the organizer will be in the first City Square in South Asia.
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