Shanghai Free Trade Zone wants to create the largest Coffee Market in Asia

[commentary] on July 6, led by the Professional Committee of Shanghai Food Association, the Shanghai Free Trade Zone Coffee Trading Center was officially established and unveiled by China (Shanghai) Free Trade pilot Zone, Shanghai Commercial Commission, Shanghai Finance Office and so on. The trading center plans to create the largest coffee market in Asia within three years.

Shanghai Free Trade Zone wants to create the largest Coffee Market in Asia

[commentary] on July 6, led by the Professional Committee of Shanghai Food Association, the Shanghai Free Trade Zone Coffee Trading Center was officially established and unveiled by China (Shanghai) Free Trade pilot Zone, Shanghai Commercial Commission, Shanghai Finance Office and so on. The trading center plans to create the largest coffee market in Asia within three years.

According to the plan, the trading volume of the coffee trading center of the Shanghai Free Trade Zone is expected to exceed 400 billion yuan within three years, surpassing Singapore to become a world-class coffee trading center comparable to New York and London.

[during the same period] (Wu Xingbao, deputy director of the Shanghai Municipal Commerce Commission) strengthen the world's major coffee growers, exchange and cooperation, and achieve a strong alliance. Strive for the transaction volume to exceed 100 billion yuan, surpassing Singapore. Become the largest coffee trading platform in Asia. To achieve the goal of tripartite confrontation with New York and London.

[commentary] Wang Jiancheng, vice chairman and executive deputy secretary-general of the electronic trading platform of the China Electronic Chamber of Commerce, said that in the past, China's coffee was mainly imported from Japan and South Korea, a big coffee consumer. After the establishment of the coffee trading center, it can achieve direct procurement from Brazil, Colombia and other countries, which can not only reduce the cost of coffee beans by about 10%, but also save considerable costs in logistics and warehousing.

According to relevant industry data, China's coffee consumption market is growing crazily at an annual growth rate of more than 15%. The establishment of a coffee trading center in China's (Shanghai) free trade pilot zone will increase China's voice in the world coffee market.

[during the same period] (Li Zhaojie, deputy director of the Administrative Committee of China (Shanghai) Free Trade pilot Zone) the establishment of the coffee trading center of the free trade zone will contribute to the development of China's coffee trading market, and even become the Asia-Pacific region, coffee trading hub, international coffee trading market. The formation of coffee price information with international influence is bound to have a far-reaching impact.

Reporter Jiang Yu, Xu Mingrui and Xu Xingkun reported from Shanghai.