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.
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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
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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.
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