Brazil imports coffee beans due to drought, while coffee supply in Vietnam exceeds demand, causing prices to soar.
Vietnamese coffee prices skyrocket due to shortage
"Vietnam Economic Times" reported on March 8: Last weekend, ICE futures European Robusta coffee prices rose for three consecutive rounds, March delivery prices rose 79 US dollars, reaching 2192 US dollars/ton. With the rise in international market prices, Vietnam's domestic coffee prices have also risen simultaneously. On March 3, the price of coarse coffee beans in Sai Yuan region rose by 1,000 - 1,200 VND/kg to 46,500 - 47,200 VND/kg. The West Plains region, which accounts for 80% of the country's production, may have a 30% reduction in coffee harvest this year due to dry weather. Not long ago, Brazil, the world's largest coffee exporter, decided to import coffee beans from Vietnam, which aggravated the shortage of supply. Coffee farmers appeared reluctant to sell, hoping that the price would rise to VND 50000/kg.
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Convenience store coffee is hot: competing with cafes for business has become a reality
Convenience store coffee in the mainland has never been as hot as it is today. To some extent, the coffee level of convenience stores in a region can often accurately reflect the situation of the coffee market in the region. At present, it seems that the new wave of coffee in mainland convenience stores is surging. For example, coffee in the family convenience store invites celebrity endorsements and large-scale media delivery.
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Honduran coffee exports achieved good results in the first five months of this year.
According to official sources, in the first five months of the 2016-2017 harvest, Honduran coffee exports totaled US $451.37 million, an increase of 52.5% and 28.8% in volume compared with the same period last year. According to the Honduran Coffee Association (Ihcafe), from October 1 last year to February 28 this year, Hongguo exported a total of 3.09 million metric tons of coffee, the same as last year.
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