Introduction to the loading area of Vietnam Robusta coffee bean flavor description with rising prices

Experts predict that coffee production in Xiyuan region will decrease and prices will continue to rise due to the impact of drought.

According to the analysis of Vietnamese experts, the primary reason for the high price of Robusta coffee beans is the imbalance between supply and demand. In the first eight months of this year, Vietnam's coffee exports reached 1.27 million tons, with a value of US $2.25 billion, up 39.9% and 20.7% respectively over the same period last year. Vietnam has exported a large number of Robusta coffee beans and has little domestic stock left, while Brazil and Indonesia Robusta coffee beans cannot meet the market demand. In addition, the futures price of Robusta coffee beans in London is nearly 1900 US dollars / ton, which also encourages speculators to buy more and the US dollar does not raise interest rates, while the appreciation of the Brazilian real is an important reason for the rise in coffee prices. according to the analysis of Vietnamese experts, the primary reason for the high price of Robusta coffee beans is the imbalance between supply and demand. In the first eight months of this year, Vietnam's coffee exports reached 1.27 million tons, with a value of US $2.25 billion, up 39.9% and 20.7% respectively over the same period last year. Vietnam has exported a large number of Robusta coffee beans and has little domestic stock left, while Brazil and Indonesia Robusta coffee beans cannot meet the market demand. In addition, the futures price of Robusta coffee beans in London is nearly $1900 / ton, prompting speculators to buy more and the dollar does not raise interest rates, while the appreciation of the Brazilian real is an important reason for the rise in coffee prices. Vietnam's "Economic Times" reported on September 15 that the price of raw coffee beans in Xiyuan, Vietnam, reached 401-406 million rupiah / ton on September 13, up 4 million guilders / ton from the end of August. An increase of 10 million rupiah / ton over the same period last year. On Sept. 13, Robusta coffee beans reached US $1856 per tonne FOB in Ho Chi Minh City, up US $17 per tonne from the previous day. From US $1650 / ton at the end of June to nearly US $1900 / ton now, it has risen by more than US $200 / ton. Vietnam, the world's largest exporter of robusta coffee beans, is benefiting from the price increase.