Nav: Home > Coffee News >

Vietnamese coffee bean stocks hit a two-year low, and prices are expected to rise again.

Published: 2024-09-17 Author: World Gafei

Last Updated: 2024/09/17, Asdak news agency, July 7, Vietnamese coffee bean growers in the hands of inventory reached a new low since 2012, which highlights the global coffee bean supply shortage. According to survey data released by Bloomberg today, at the end of June this year, Vietnamese coffee bean growers accounted for only 15% of their harvests, down significantly from 18% in the same period last year.

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.