Brazilian coffee production plummets, Yunnan curry farmers hoarding goods are bullish.

Recently, the news on Weibo that the global supply of coffee beans has shrunk sharply and coffee prices will rise all the way has attracted everyone's attention. Some netizens who usually like to drink coffee say they want to buy some coffee beans to store them, while others think that Yunnan farmers can finally get a higher annual income. So will the price of coffee rise this year? Does it cost more to drink coffee at the retail terminal? The reporter conducted an interview on this.

Farmers hoarding coffee during the picking season

Figures show that Brazil, the world's largest supplier of coffee beans with a 40 per cent market share, has suffered its worst drought in 80 years this year, which has had a severe impact on Brazil's coffee industry. Coffee production in Brazil has dropped sharply, coffee production in South America and other regions has also decreased due to drought and other reasons, the global coffee supply has significantly reduced, and the global coffee bean price is also showing an upward trend.

Hu Lu, deputy secretary general of Yunnan Coffee Industry Association, said, "the global coffee supply pattern has changed this year. Coffee futures prices are at a good level, much higher than last year." The purchase price of Yunnan coffee is 24 yuan / kg, which is double that of the same period last year. "

A coffee buyer in Ninger said that although it is the coffee picking and selling season, the coffee futures market is better this year, so the farmers are hoarding the coffee and are ready to wait for the price to rise to 30 yuan before selling.

Yunnan coffee is developing well.

Pu'er, Lincang, Dehong and Baoshan are the main producing areas of Yunnan coffee. The harvest season of Yunnan coffee is from October and November to March of next year.

Hu Lu said: in recent years, with the increase of Yunnan coffee production and the expansion of domestic and foreign markets, Yunnan coffee has developed well. From more than 300,000 mu in 2008 to more than 1.6 million mu now, the planting area of coffee in Yunnan is constantly increasing. It is expected that the output of coffee this year will exceed 120000 tons, an increase of more than 40, 000 tons over last year.

He also said that coffee consumption in the domestic market has reached more than 200000 tons this year, and China's coffee consumption has continued to increase rapidly at an annual rate of more than 20 percent, which is about 10 times higher than the average growth level of global coffee consumption. it has become the country with the greatest coffee consumption potential in the world, which has brought good opportunities for the development of coffee in Yunnan. "as a raw material, Yunnan coffee is more important for supply and export. with the increase in coffee production this year, the international sales of Yunnan coffee will certainly increase. At present, coffee enterprises in Yunnan are establishing orders with foreign buyers, and coffee sales will not be quantified until March or April next year, but judging from the current situation, the increase in export volume is inevitable. "

The price of retail coffee has not increased yet.

For the question of whether the price of retail coffee will rise raised by many netizens, the reporter randomly learned about several coffee shops, such as supermarkets and Starbucks, and found that the retail prices of coffee products on the market did not rise this year.

A person in charge of Yunnan Hougu Coffee Co., Ltd. said that the average price of fresh coffee fruit they bought from coffee growers' cooperatives this year was 2.5 yuan / kg, up 0.5 yuan from last year's purchase price of 2 yuan / kg. Although the purchase price has risen, the instant coffee sold is still 30 yuan per box, plain coffee 60 yuan per box, and fried coffee beans 60 yuan per packet, which has not changed in recent years. Although the rise in the purchase price of coffee will have a certain impact on profits, the price increase this year is relatively small, with little impact, so the price of the retail coffee at the end of the valley will not rise. (reporter Chen Hongda)