Shanghai Free Trade Zone wants to create the largest Coffee Market in Asia
According to the plan, the turnover of Shanghai Free Trade Zone Coffee Trading Center is expected to exceed RMB 400 billion within three years, surpassing Singapore and becoming a world-class coffee trading center comparable to New York and London.
[During the same period](Wu Xingbao, Deputy Director of Shanghai City Commercial Committee) Strengthen exchanges and cooperation among several major coffee growing areas in the world to realize strong alliance. Strive to exceed 100 billion yuan in transaction volume and surpass Singapore. To become Asia's largest coffee trading platform. To achieve the goal of forming a tripartite confrontation with New York and London.
[Commentary] Wang Jiancheng, vice president and executive deputy secretary-general of the Electronic Trading Platform Committee of China Electronic Chamber of Commerce, said that in the past, China's coffee was mainly imported from Japan and South Korea, which are major coffee consumers. After the establishment of the coffee trading center, direct procurement from Brazil, Colombia and other countries, which can not only reduce the cost of coffee beans by about 10%, but also save considerable expenses in logistics and storage.
According to relevant industry data, China's coffee consumption market is increasing rapidly at a market growth rate of more than 15% per year. The establishment of the Coffee Trading Center in China (Shanghai) Pilot Free Trade Zone will increase China's voice in the world coffee market.
[During the same period](Li Zhaojie, Deputy Director of the Administrative Committee of China (Shanghai) Pilot Free Trade Zone) The establishment of the Free Trade Zone Coffee Trading Center is conducive to the development of China's coffee trading market and even to becoming a hub for coffee trading in the Asia-Pacific region and an international coffee trading market. The formation of internationally influential coffee price information will have a profound impact.
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