Coffee review

International prices of raw coffee beans continue to decline.

Published: 2024-11-08 Author: World Gafei
Last Updated: 2024/11/08, According to the head of the Yunnan Coffee Industry Association, the current futures price of coffee in New York remains between 110 cents and 115 cents per pound. Compared with this price, the purchase price of Yunnan coffee is not expected to exceed 15 yuan per kilogram. Once it is less than 15 yuan, it means that a year's hard work of farmers will be wasted.

According to the head of the Yunnan Coffee Industry Association, the current futures price of coffee in New York remains between 110 cents and 115 cents per pound. Compared with this price, the purchase price of Yunnan coffee is not expected to exceed 15 yuan per kilogram. Once it is less than 15 yuan, it means that a year's hard work of farmers will be wasted.

Relevant departments of the provincial government are studying and formulating methods for the collection and storage of coffee; once this method is implemented, farmers will be able to sell coffee at a price higher than the cost, and the income will be guaranteed. The Yunnan Coffee Industry Association has coordinated in many ways, and some member units of the association have promised to purchase coffee farmers at a price of 15 yuan per kilogram (first-class coffee beans).

It is understood that the price of coffee has stepped out of the roller coaster market in the five years from 2009 to the present. In 2009, international coffee futures prices fluctuated between 130 and 180 cents per pound. In 2010, prices soared to 304 cents per pound, equivalent to 41 yuan per kilogram. But by 2012, futures prices fell from more than 300 cents per pound to more than 180 cents. This year, prices fluctuated between 110 cents and 115 cents.

"the price trough will give birth to another price peak. Coffee bean prices generally fall in a cycle of 10 years. According to the previous law, such a downturn is bound to pick up, and I personally predict that it will rise in 2015." Xiong Xiangren, president of the Yunnan Coffee Industry Association, suggested that coffee farmers should not easily destroy coffee cultivation when prices are low. When coffee bean prices rise next year and the year after next, they can feed back the corresponding income. Only in this way can Yunnan's coffee industry develop healthily.

Xiong Xiangren believes that prices will gradually pick up after the trough, and coffee prices will return to the rising path by 2015.

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