2017 fresh fruit price of Yunnan coffee purchase price

2017 fresh fruit price of Yunnan coffee purchase price

Nestl é has been involved in the Chinese coffee industry since the late 1980s, investing in the industry with the Chinese government and the United Nations Development Programme (United Nations Development Programme).

Since then, Starbucks has set up a processing plant and a farmer support center in China to provide technical assistance to farmers.

The first batch of coffee produced in Yunnan (Yunnan tea is more famous than coffee) was planted by European missionaries at the end of the 19th century. However, the Chinese now drink more instant coffee, which is usually made from lower-quality robusta beans.

China produces more than 1 million bags of Arabica coffee beans (60 kg each), almost as much as Costa Rica and about 1/10 of Colombia's, mostly for export.

Mark Furniss, director of business development for Volcafe in Asia, said European roasters had been buyers of Yunnan coffee beans, especially at a time of declining production in Central America.

Coffee bean production in Colombia has recently declined due to leaf rust, which has spurred China's coffee bean exports. "[Chinese coffee beans] have become a regular component used by roasters to mix," he said. "

This demand has led to an upward trend in the price of coffee beans in China over the past few years. Coffee traders say the price of Chinese coffee beans is now at a single-digit discount to the benchmark price of Arabica beans in New York, at $1.95 a pound.