Vietnamese coffee bean stocks hit a two-year low, and prices are expected to rise again.
ASDOCK News Agency, July 7-Vietnam's coffee bean farmers 'stocks hit a new low since 2012, highlighting the global shortage of coffee beans.
At the end of June, Vietnam's coffee farmers accounted for only 15 percent of their harvest, down from 18 percent a year earlier and a new low since 2012, according to Bloomberg survey data released today.
In coffee futures markets, Robusta coffee bean futures on the London International Financial Futures Exchange closed at $2,056/ton on Friday, up 10% from a three-month low set on June 10. Robusta coffee bean futures have risen 22 percent this year. Most of the coffee beans Nestle uses are Robusta beans.
Arabica coffee futures on the intercontinental exchange are up 55% this year. Starbucks coffee beans are Arabica coffee beans.
ED&F Man Holdings, a UK commodities trader, predicts that the global coffee market shortage is expected to reach 11.3 million bags in 2014- 15, the highest in more than a decade.
In China, A-share listed company Conn Bay (600572, share bar) is involved in coffee business. According to the official website of Conn Bay, it produces three categories of coffee products, including instant coffee and coffee bean powder. The raw beans are produced in Yunnan Province and belong to Arabica coffee.
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Starbucks, can you still sell coffee?
The restless Starbucks is selling new gadgets again, but everyone is getting used to it. Coffee chain giant foodie has launched three smoothies with Greek yogurt and cold-pressed juices: strawberries, mango-carrots and vegetarians' favorite sweet vegetable smoothies, foreign media foodie reported. Yogurt is purchased from Dannon and cold-pressed juice is supplied by Evolution Fresh.
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The difference between instant coffee and freshly ground coffee
Instant coffee is a kind of coffee products, which can not be regarded as coffee in the real sense, which is a common view in the traditional coffee industry. Instant coffee is a synthetic product of industrialization, and it is a good substitute for coffee in some specific environments, such as long-distance travel on trains and airplanes, rather than coffee in the original sense. Instant coffee has the original nutrition and health care in the process of synthesis.
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