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Philippine coffee prices may rise

Published: 2024-09-17 Author: World Gafei

Last Updated: 2024/09/17, According to a report in the Philippine Standard on July 2, the head of the Philippine Coffee Commission recently said that due to the expected decline in production and increased import demand, the price of coffee in the Philippines may rise, and the price of locally produced instant coffee is expected to increase by 5%. Non-instant coffee increased by 15%. The annual output of Philippine coffee reached 30, 000 tons at its peak, but the annual demand was 100000 tons, which is a traditional coffee.

According to a report in the Philippine Standard on July 2, the head of the Philippine Coffee Commission recently said that due to the expected decline in production and increased import demand, the price of coffee in the Philippines may rise, and the price of locally produced instant coffee is expected to increase by 5%. Non-instant coffee increased by 15%. Philippine coffee production peaked at 30, 000 tons, but annual demand was 100000 tons. It is a traditional coffee importer, and coffee production is expected to be 26000 tons this year, down 15.4%. The official also expressed concern about the decline in global coffee production, saying it would drop by 32 million bags (60 kg each) by 2020. 70% of the coffee in the Philippines comes from Mindanao. Currently, the price of green coffee beans is 95,110 pesos (US $2.10-2.40) / kg, the price of coffee powder is 300,350 pesos (US $6.70-7.8) / kg, and the price of imported professional brand coffee powder is 4000 pesos (about US $89) / kg.

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