The price of coffee beans purchased in Pu'er City, Yunnan Province in 2017

The price of coffee beans purchased in Pu'er City, Yunnan Province in 2017

Freshly roasted half a pound of coffee beans (226.8 grams), 20.00 yuan

Colombian coffee beans-the latest 0.5 pounds, 30 yuan

Business-grade Italian coffee beans 454g bottle 49.00 yuan

Coastal coffee beans (454 grams), 65.00 yuan

Freshly roasted blue mountain coffee beans 450g grade A, 120.00 yuan

Emerging markets with faster coffee growth, such as China and Russia, will grow at an average annual rate of 4% to 4.5%, while traditional markets will grow by 1% to 1.5%. Yunnan is unlikely to catch up with Minas Gerais in Brazil, the world's number one coffee producer, in terms of coffee production. But in the face of drought and disease threatening coffee production in Brazil and Central America, some roasters are looking for alternative sources, and Chinese coffee beans can attract buyers.

Robusta is the second largest variety of coffee in the world, accounting for about 20% of the world coffee production. It has a strong sour taste and is mainly grown in some tropical countries such as Indonesia, mostly for instant coffee.

Colombia is the third largest coffee producer in the world and the second largest Arabica bean producer in the world. Although it has accelerated production to meet global demand for coffee, Colombia's coffee production is only about one-fourth of that of Brazil. Even if production increases, it can only temporarily ease the shortage of coffee supply.

Coffee farmers in coffee-producing countries make money only if coffee beans sell for at least one dollar per pound. If the price of coffee beans falls below one dollar, the income of coffee-producing countries may be affected, and production needs to be adjusted to support coffee prices. The price of coffee is affected by harvest and supply and demand, while climate and coffee diseases are the main factors affecting the harvest.