Coffee Information Coffee production in Brazil has fallen sharply. Yunnan Curry Farmers hoarding goods is 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.

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.

Hu Lu 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.