Coffee stocks monitored by the CE Mercantile Exchange fell by 22%
Coffee futures prices in New York climbed to a three-week high due to tight coffee supplies in Brazil and Colombia. Brazil and Colombia are the world's largest suppliers of high-quality Arabica coffee beans.
Coffee stocks monitored by the ICE Mercantile Exchange have fallen by 22% this year. Analysts say coffee roasters are eager to buy high-quality beans.
"Coffee fundamentals continue to provide support," said Marcio Bernardo, an analyst at New York Xinji America Co., Ltd. There is a lack of high-quality coffee beans on the spot market. "
Arabica coffee futures for July delivery on the ICE American Futures Exchange closed up 3.25 cents at $1.3855 a pound, up 2.4 per cent. At one point in intraday trading, the futures price climbed to $1.3865-the highest price for the most active contract since April 7.
Global coffee exports fell to 8.79 million packets in March from 9.3 million packets in the previous year, each weighing 60kg (132lbs), the International Coffee Organization (ICO) said on April 30th.
- Prev
Why Blue Mountain Coffee Beans Can Maintain Today's Best Status
Blue Mountain Coffee's unique flavor is related to Blue Mountain's geographical location and climatic conditions. Generally speaking, south of the Tropic of Cancer and north of the Tropic of Cancer, this area is suitable for growing coffee and is called the Coffee Belt. Jamaica is just south of the Tropic of Cancer. Blue Mountain steep, fresh air, no pollution, rainy all year round, large temperature difference between day and night, has a unique fertile new volcanic soil. most
- Next
Coffee purchase price is unpredictable-where is the way out for Yunnan coffee industry?
Where is the way out for Yunnan Coffee Industry? When the local coffee enterprises in Yunnan take active action to ensure that Yunnan coffee growers sweat and do not shed tears, what measures will our government departments take? Some netizens appeal that the coffee purchase price is unpredictable and when the government can come forward to formulate and issue a series of principles and policies conducive to stabilizing the coffee market and price regulation.
Related
- How does coffee break out of rich layers? Which is better, washed coffee beans or sun-dried coffee beans?
- What are the five ways to drink American coffee? What is the difference between American coffee and Long Black? How to make quicksand ice American style? How to pull flowers in American coffee? Can I take milk in American coffee?
- What's so good about Blue Mountain, which ranks first in the world's top coffee beans? What grade does Blue Mountain Coffee belong to? What are the characteristics and taste of Blue Mountain Coffee?
- How to draw flowers in American coffee? Can American coffee draw flowers? What is the principle of latte flowers? How to kill the milk foam of coffee flower?
- Is it better to use lightly baked beans or deeply baked beans for mocha pot coffee? How to use and make a mocha pot! What should I do if the Mocha pot has a splash problem?
- What does special coffee mean? What beans are the best to make special coffee? Do you make special coffee with espresso or cold extract? Why is specialty coffee the "cocktail" of the coffee industry?
- Coffee shop specialty American production ratio step by step tutorial KFC apple bubble American practice
- What is the difference between the foam of a latte and white cappuccino? How thick should Latte's milk foam be made? What's the difference between a cappuccino and an Australian white latte?
- The right way to drink espresso! How to drink coffee best? Do I have to gulp dirty coffee?
- Take restrictions! Starbucks takes action to crack down on "coffee workers"