Coffee futures prices have fallen continuously.
On Thursday, ICE Coffee C closed at a 10-month low; on Friday, Arabica futures fell 2% to $1.319.
The March report of the International Coffee Organization (ICO) reproduced by the Chongqing Coffee Trading Center pointed out that in coffee producing areas such as Uganda, Indonesia, Honduras, India and Peru, shipments increased significantly in the first few months of 2016, which may be one of the reasons for the price drop.
At the same time, the inventory of Arabica in consuming countries continues to grow. Figures released last week by the Coffee and Raw Bean Association showed that US stocks of raw coffee beans rose to their highest level since 2001 in March. Inventories in Europe and Japan are the same, according to data released earlier by Ihumm Smith.
Robusta prices remain relatively stable, mainly due to the low supply of Robusta in Brazil after the drought. However, the stability of prices has led to an increase in shipments of Robusta in Vietnam, which has more or less made up for the shortfall in Brazilian supply.
The price of the RMB against the US dollar has not fluctuated significantly, although the price has fallen, international market sentiment remains stable. However, the International Coffee Organization (ICO) predicts that global Robusta and Arabica prices may continue to fall.
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When he changed jobs in middle age, he developed coffee-making skills at the age of 40.
Zhang Rongfu changed jobs in middle age and developed coffee-making skills. (photo by Wu Jiangquan) crisis is a turning point! Zhang Rongfu, who has worked in the printing department for 13 years, was laid off. After 360 hours of professional training in coffee blending, catering and baking classes in the Gaoping Pendong Branch of the Ministry of Labor, he joined the coffee chain and became his own boss. He said that the vocational training courses of the Ministry of Labor provided him with the cornerstone of entering the coffee industry.
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150000 customers join hands with Starbucks, Earth Day "contribute a cup"
On the morning of April 22nd, in the flagship store of Chengdu Starbucks Ocean Taiguri, the bean grinder was spinning at full speed, and Xiao Kaidi, as the assistant manager of the store, had been busy all the time. The busy scene of smiling and quickly handing cups of fresh filtered coffee to orderly queuing customers is a microcosm of Starbucks' more than 2000 stores in China responding to Earth Day.
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