Vietnam's coffee bean stocks hit a two-year low, and price increases are expected to resume
Vietnamese coffee bean growers accounted for only 15% of their harvests at the end of June, down from 18% a year earlier and the lowest since 2012, according to survey data released by Bloomberg today.
In the coffee futures market, the price of robusta coffee beans on the London International Financial Futures Exchange closed at $2056 a tonne on Friday, up 10 per cent from a three-month low set on June 10th. The futures price of Robusta coffee beans has risen 22% so far this year. Most of the coffee beans used by Nestl é are Robusta beans.
The price of Arabica coffee futures on the American Intercontinental Exchange has risen 55% this year. The coffee beans used in Starbucks coffee are Arabica beans.
British merchandise trader ED&F Man Holdings predicts that the global coffee market shortage is expected to reach 11.3 million bags between 2014 and 2015, the highest level in more than a decade.
In China, A-share listed company Conbey (600572, stock bar) is involved in the coffee business. According to its website, it produces three types of coffee products, including instant coffee and coffee bean powder. Raw beans are produced in Yunnan and belong to Arabica small-grain coffee.
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Teasing the cat while drinking coffee, can hygiene pass?
Have you ever thought that when you are sitting in a cafe, you are not drinking coffee alone, nor are a group of people laughing and tasting coffee, but the lovely kitten also becomes a "clerk" and goes to the table to drink coffee with you.
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Guangdong produces coffee. Would you like to try it?
Kopi Luwak, amber coffee, latte, cappuccino. This kind of drink, which originated in Africa, is favored by more and more Chinese people. With the help of this year's World Cup, Brazilian coffee has become popular again, but have you ever tasted coffee made locally in Guangdong?
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