Indonesia's torrential rain coffee stocks fall to a 13-year low and futures prices are estimated to break 2000 next month.
As heavy rains hit coffee producing areas in Indonesia and Vietnam will take another three months to harvest, Robusta coffee bean stocks will fall to a 13-year low. Weather forecast
The agency MDA Weather Services points out that the heavy rain in Indonesia since April has been twice the 30-year average.
According to a survey of 10 traders by Bloomberg, they estimate that by the end of this year (2013), the London International Financial Futures options Exchange (Liffe) will hold
"Bloomberg" reported that torrential rains and floods affected the harvest and drying of coffee beans, according to Nedcoffee BV, a Dutch trader with an office in Indonesia.
The delivery schedule of the farmhouse has been 16% slower than that of the same period last year. Inventories have fallen 38 per cent since mid-May, while Vietnamese traders hold back supplies and wait for prices to rise. Industry
The market for instant coffee made from Robusta beans is expected to grow 3.6 per cent to $29.2 billion this year, setting a new record. Futures trader Marex Spectron Group pointed out that the situation will be tighter in the fourth quarter, the market will continue to need to certify inventory, when the main question will be how fast inventory decline.
Since the beginning of this year, the price of Robusta coffee beans has fallen 7.9% to $1772 per ton in Liffe, while the price of Arabica coffee beans has fallen on the ICE Futures Exchange.
It fell 18% to $1.1835 per pound (or $2609 per tonne). The Stemp Goldman Sachs Commodity Index, which tracks the prices of 24 raw materials, rose 0.8%, mainly due to crude oil,
The impact of cotton and cocoa prices.
American instant coffee manufacturer The JM Smucker Co. President Mark T. Smucker says demand for Robusta coffee beans is strong. These two kinds of coffee
The price of beans has fallen this year, and traders generally believe that supply exceeds demand. According to Macquarie Bank, the output of Robusta beans increased by 3.8% in 2013-14.
6530 million bags, but demand grew by only 1.6% to 6380 bags, while the supply surplus of Arabica beans tripled to 4.2 million bags. A bag of coffee beans weighs 132 pounds.
Coffee prices in Vietnam fell 13% in the second quarter, and local coffee farmers stored 140000 tons of last season's harvest. And the price rise in the future may cause them to start to release
Stock in hand.
There is a new harvest of coffee shipped.
Tong Teik Pte, a local coffee company, said that farmers
With the expansion of planting, Rain Water is also conducive to growth. The company expects coffee prices to soar to $2050 next month, but fall back to $1850 by the end of the year.
Rainfall in Indonesia is likely to return to normal in the next two months, allowing farmers to dry beans and speed up shipments. In the five months to August 2, Indonesia
Coffee shipments were 25000 tons less than the same period last year, to 129844 tons.
(responsible Editor:)
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Drink smart coffee blossom one coffee machine
Recently, two American coffee hobbies, True Kuempel and Walliser, unveiled their latest achievement, the Blossom one intelligent coffee machine. The Blossom one, designed by two geniuses, comes from a noble background. Kuempel is a former Apple designer and Walliser is an engineer at NASA. They all have degrees from MIT (Massachusetts Institute of Technology). This highly intelligent lineup is used to set up
- Next
Hong Kong Sai Kung [dwelling Cafe] three floors but 495 feet to build a coffee shop
Hong Kong Sai Kung [living in Cafe] three floors only 495ft coffee shop article reprinted in [Apple Daily] http://hk.apple.nextmedia.com/supplement/home/art/20140218/18628532 Reporter: Rong Huixin / Photo: Huang Ziwei "often hear people outside the door saying," do you want to come in? "well, this is not a coffee shop, but Friends Road.
Related
- The sum of the details you need to pay attention to when blending Italian latte and flowers! What do the flow rate and flow distance when making coffee flower patterns?
- What is the difference between Flat red and Flat white? What are the best proportion parameters for making Pinghong coffee?
- What should I use to make coffee with ice cubes? What should I use to make coffee by hand? Does the ice cup have ice?
- Why does Italian hand-brewed coffee taste sweet without sugar? Is the sweetness of coffee affected by variety parameter processing or extraction roasting?
- Why is latte called latte? What is the difference between a cappuccino and a latte? Is American coffee black?
- How much ice cubes should be ground in a coffee ice maker? What is the reason for the weak taste and low concentration of ice-brewed drip coffee?
- "9.9 yuan Starbucks coffee self-service machines" are now available in many places! Starbucks: Unofficial Project
- Has the price increased?! Kudi officially announced the end of the "unlimited 9.9 yuan per audience" event
- Why is Italian latte a must-take item for baristas? The practice of pulling flowers for latte coffee is the step trick!
- The correct way to brew coffee with milk! What water temperature and time should I use to brew latte with hanging coffee?