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COFFEE PRICE TODAY ON NOV 24, 2024|Coffee Prices Supported by Supply Risks

Robusta ICE Futures Europe 

Arabica ICE Futures US 

March arabica coffee (KCH25) Monday closed up +2.70 (+0.89%), and January ICE robusta coffee (RMF25) closed up +125 (+2.51%).

Coffee prices on Monday extended their sharp 3-week-long rally, with March arabica posting a contract high and December arabica posting a 27-year nearest-futures high.  Meanwhile, January robusta coffee posted a 7-week high.

Coffee prices are soaring from concern about longer-term coffee crop damage due to Brazilian drought conditions.  Rainfall in Brazil has consistently been below average since April, damaging coffee trees during the all-important flowering stage and reducing the prospects for Brazil's 2025/26 arabica coffee crop.  Brazil has been facing the driest weather since 1981, according to the natural disaster monitoring center Cemaden.

Below-average rainfall in Brazil may curb the country's coffee output and is bullish for prices.  Somar Meteorologia reported Monday that rainfall in Brazil's biggest arabica coffee growing area of Minas Gerais received 6 mm of rain last week, or 10% of the historical average.  Minas Gerais is Brazil's largest arabica coffee-producing area.

Coffee prices also have carryover support from last Thursday when the USDA's Foreign Agricultural Service (FAS) projected Brazil's 2024/25 coffee production at 66.4 MMT, below the USDA's previous forecast of 69.9 MMT.  The USDA's FAS also projects Brazil's coffee inventories at 1.2 million bags at the end of the 2024/25 season in June, down -26% y/y.  

Tight robusta supplies are supportive for robusta prices after Vietnam's General Department of Customs reported on November 11 that Vietnam's October coffee exports fell -11.6% m/m to 45,412 MT and Vietnam's Jan-Oct coffee exports fell -11.1% y/y to 1.15 MMT.  Robusta coffee also has support from concerns that heavy rain in Vietnam will flood coffee fields, which could delay its coffee harvest.  Vietnam, the world’s biggest robusta producer, is at the start of its coffee harvest.  

Robusta coffee prices are underpinned by reduced robusta production.  Vietnam's agriculture department said on March 26 that Vietnam's coffee production in the 2023/24 crop year dropped by -20% to 1.472 MMT, the smallest crop in four years, due to drought.  The USDA FAS on May 31 projected that Vietnam's robusta coffee production in the new marketing year of 2024/25 will dip slightly to 27.9 million bags from 28 million bags in the 2023/24 season.  

In a supportive factor for coffee prices, Conab, Brazil's crop forecasting agency, cut its 2024 Brazil coffee production forecast on September 19 to 54.8 million bags from May's forecast of 58.8 million bags.

Signs of larger global coffee supplies are bearish for prices after the International Coffee Organization (ICO) reported November 8 that global coffee exports in Sep rose +25% y/y to 10.76 mln bags and that exports from Oct-Sep rose +11.7% y/y to 137.27 mln bags.  

Tightness in coffee inventories is supporting coffee prices.  ICE-monitored arabica coffee inventories recovered from the 24-year low of 224,066 bags posted in November 2023 to post a 2-1/3 year high of 893,325 bags last Thursday.  Meanwhile, ICE-monitored robusta coffee inventories fell to a 6-3/4 month low of 3,854 lots on November 12 after climbing to a 1-3/4 year high of 6,521 in July.  ICE-monitored robusta coffee inventories are moderately above the record low of 1,958 lots posted in February 2024.

Brazilian coffee export news has been bearish.  Cecafe reported last Monday that Brazil's Oct green coffee exports rose +11% y/y to 4.57 million bags.  Also, Cecafe reported on July 11 that Brazil's 2023/24 coffee exports rose +33% y/y to a record 47.3 million bags.  

In a bearish factor, the International Coffee Organization (ICO) last month projected that 2023/24 global coffee production would climb +5.8% y/y to a record 178 million bags due to an exceptional off-biennial crop year.  ICO also said global 2023/24 coffee consumption would climb +2.2% y/y to a record 177 million bags, resulting in a 1 million bag coffee surplus.

The USDA's bi-annual report on June 20 was bearish for coffee prices.  The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2024/25 will increase +4.2% y/y to 176.235 million bags, with a +4.4% increase in arabica production to 99.855 million bags and a +3.9% increase in robusta production to 76.38 million bags.  The USDA's FAS forecasts that 2024/25 ending stocks will climb by +7.7% to 25.78 million bags from 23.93 million bags in 2023/24.

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CONTACT INFORMATION:

Factory 1: District 12, Ho Chi Minh City, Vietnam Factory 2: Bao Loc City, Lam Dong Province, Vietnam.

Factory 3: Binh Duong Province, Vietnam.

Contact person: Ms. Windy Ngo Phone/Whatsapp/Wechat/Line/Viber/Telegram: +84 932 680 925 Email: sales1@vietthien.com [/tintuc]

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COFFEE PRICE TODAY ON AUGUST, 2024

 Coffee Prices Settle Sharply Higher on Weather Concerns in Key Producers

Robusta ICE Futures Europe 

Arabica ICE Futures US 

December arabica coffee (KCZ24) Monday closed up +12.90 (+5.14%), and November ICE robusta coffee (RMX24) closed up +217 (+4.29%).

Coffee prices Monday rallied sharply due to concerns that adverse global weather in key coffee producers will lead to smaller coffee production.  Brazil has been facing the driest weather since 1981, according to the natural disaster monitoring center Cemaden.  Rainfall in Brazil has consistently been below average since April, damaging coffee trees during the all-important flowering stage and reducing the prospects for Brazil's 2025/26 arabica coffee crop.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 9.8 mm of rain over the past week, or only 62% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.  Also, robusta coffee has support after heavy rain from typhoon Yagi last week flooded Vietnam's robusta coffee fields and may curb the country's coffee output.  Vietnam is the world's largest robusta coffee producer.

Last Monday, Dec arabica and Nov robusta posted contract highs, while nearest-futures (U24) robusta posted a new all-time high.  Coffee prices have rallied sharply over the past two weeks as adverse global weather events threaten coffee production.

Robusta coffee prices are underpinned by fears that excessive dryness in Vietnam will damage coffee crops and curb future global robusta production.  Vietnam's agriculture department said on March 26 that Vietnam's coffee production in the 2023/24 crop year dropped by -20% to 1.472 MMT, the smallest crop in four years, due to drought.  The USDA FAS on May 31 projected that Vietnam's robusta coffee production in the new marketing year of 2024/25 will dip slightly to 27.9 million bags from 28 million bags in the 2023/24 season.  Last Wednesday, the General Department of Vietnam Customs reported that Vietnam's August coffee exports fell -9.9% y/y to 76,214 MT and that Vietnam's Jan-Aug coffee exports fell -12.1% y/y to 1.06 MMT.

A supportive factor for coffee was last Thursday's action by Conab, Brazil's crop forecasting agency, to cut its 2024 Brazil coffee production forecast to 54.8 million bags from 58.8 million bags forecast in May.

On September 10, Cecafe reported that Brazil's Aug green coffee exports rose +1.4% y/y to 3.41 million bags.  The rise in Brazil's green coffee exports was consistent with other recent news showing higher exports.  The Brazilian Trade Ministry reported on August 7 that Brazil's July coffee exports rose +44% y/y to 202,000 MT.  Also, Cecafe reported on July 11 that Brazil's 2023/24 coffee exports rose +33% y/y to a record 47.3 million bags.  On a global basis, the International Coffee Organization (ICO) reported on September 6 that global coffee exports rose +12.2% y/y in July to 11.29 million bags and that global exports during Oct-July rose +10.5% y/y to 115.01 million bags.

A rebound in ICE coffee inventories from historically low levels is negative for prices.  On September 12, ICE-monitored arabica coffee inventories rose to a 1-1/2 year high of 858,474 bags, up from the 24-year low of 224,066 bags posted in November 2023.  Also, ICE-monitored robusta coffee inventories on July 25 rose to a 1-year high of 6,521 lots, up from the record low of 1,958 lots posted in February 2024.

In a bearish factor, the International Coffee Organization (ICO) said on May 3 that 2023/24 global coffee production climbed +5.8% y/y to 178 million bags due to an exceptional off-biennial crop year.  ICO also said global 2023/24 coffee consumption rose +2.2% y/y to 177 million bags, resulting in a 1 million bag coffee surplus.

The USDA's bi-annual report on June 20 was bearish for coffee prices.  The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2024/25 will increase +4.2% y/y to 176.235 million bags, with a +4.4% increase in arabica production to 99.855 million bags and a +3.9% increase in robusta production to 76.38 million bags.  The USDA's FAS forecasts that 2024/25 ending stocks will climb by +7.7% to 25.78 million bags from 23.93 million bags in 2023/24.  The USDA's FAS projects that Brazil's 2024/25 arabica production would climb +7.3% y/y to 48.2 mln bags due to higher yields and increased planted acreage.  The USDA's FAS also forecasts that 2024/54 coffee production in Colombia, the world's second-largest arabica producer, will climb +1.6% y/y to 12.4 mln bags.

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CONTACT INFORMATION:

Factory 1: District 12, Ho Chi Minh City, Vietnam Factory 2: Bao Loc City, Lam Dong Province, Vietnam.

Factory 3: Binh Duong Province, Vietnam.

Contact person: Ms. Windy Ngo Phone/Whatsapp/Wechat/Line/Viber/Telegram: +84 932 680 925 Email: sales1@vietthien.com [/tintuc]

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63 COFFEE STATISTICS IN THE PHILIPPINES YOU NEED TO KNOW FOR 2024 AND BEYOND

Coffee statistics in the Philippines have revolutionized the beverage industry much like fintech did to the financial sector, morphing it into a multi-billion peso stronghold that experiences incredible year-on-year growth.

Projections indicate that the coffee sector, which includes the cultivation, production, and coffee shop businesses, may surpass PHP 200 billion by the end of this decade.

From starting their day with a home-brewed cup, stopping by a local café for an afternoon pick-me-up, to indulging in specialty coffee beverages at upscale coffee houses, Filipinos of all ages have incorporated coffee into their daily routines.

If you’re engaged in the coffee business, understanding these evolving trends and statistical insights will enable you to tailor your strategies, identify target demographics, and distinguish your brand in this caffeinated marketplace.

The following exploration will delve into the monetary worth of the coffee industry, coffee shop, and consumption data, the influence of COVID-19 on coffee trends, and much more. Enjoy this immersive journey into the rich and dynamic world of coffee statistics in the Philippines.

**Coffee Industry Philippines Statistics**

The Philippines is the 14th largest coffee producer in the world, contributing significantly to the global coffee industry. (Source: The Philippine Coffee Industry Roadmap 2021-2025)

The coffee industry in the Philippines is expected to grow at a CAGR of 3.5% from 2021 to 2025. (Source: The Philippine Coffee Industry Roadmap 2021-2025)

The Philippines coffee industry is dominated by four primary species: Arabica, Robusta, Excelsa, and Liberica. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

Robusta accounts for 69% of the total coffee production in the country. (Source: The Philippine Coffee Industry Roadmap 2021-2025)

The Philippine coffee industry predominantly comprises smallholder farmers, with 95% of farms measuring less than 5 hectares. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The country’s coffee industry faces a significant gap between production and consumption, with a deficit of 37,000 MT in 2017. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The Philippines government has developed the Philippine Coffee Industry Roadmap 2017-2022 to boost the sector’s growth. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The coffee industry in the Philippines is characterized by very high competitive rivalry. (Source: Industry Characteristics and Performance of Philippine Coffee Manufacturing Firms: MSMEs Perspective)

The threat of potential entrants in the Philippine coffee industry is high, indicating that new companies can quickly enter the market. (Source: Industry Characteristics and Performance of Philippine Coffee Manufacturing Firms: MSMEs Perspective)

For the first quarter of 2023, the production of coffee (green coffee beans) in the Philippines was estimated at 9.42 thousand metric tons, marking a 1.3 percent increase from the same quarter of 2022. (Source: Philippine Statistics Authority)

Robusta remains the country’s most-produced type of coffee, accounting for 73.5 percent of the total production during the first quarter of 2023. (Source: Philippine Statistics Authority)

SOCCSKSARGEN is the highest producer of coffee in the Philippines, contributing 33.4 percent of the country’s total coffee production for the first quarter of 2023. (Source: Philippine Statistics Authority)

Revenue in the Coffee market in the Philippines amounts to US$2.33bn in 2023. (Source: Statista Market Forecast)

The Coffee market in the Philippines is expected to grow annually by 8.22% (CAGR 2023-2028). (Source: Statista Market Forecast)

The volume in the Coffee market is expected to amount to 183.10m kg by 2028. (Source: Statista Market Forecast)

The average volume per person in the Coffee market is expected to amount to 1.25kg in 2023. (Source: Statista Market Forecast)

The revenue in the coffee segment is projected to reach US$4,439m in 2023. (Source: Statista)

The market is expected to grow annually by 12.1% (CAGR 2023-2025). (Source: Statista)

In relation to total population figures, per-person revenues of US$40.63 will be generated in 2023. (Source: Statista)

The average per capita consumption stands at 2.4 kg in 2023. (Source: Statista)

Arabica coffee, which shared 24.2% of total production, increased by 2.0%. [Source: Philippine Statistics Authority]

Production of Excelsa coffee, which accounted for 5.8% of the total output, rose by 1.1%. [Source: Philippine Statistics Authority]

However, Liberica coffee, which contributed 0.3% to the total production, declined by 1.6%. [Source: Philippine Statistics Authority]

The Philippines’ instant coffee market is estimated to grow at a CAGR of 12.29% to reach a market size of US$4,422.197 million in 2028 from US$1,964.402 million in 2021. [Source: Knowledge Sourcing]

The prime factor predicted to drive the growth of the Philippine instant coffee market is the growing trend of coffee consumption, in addition to the increasing production initiatives taken by the government in the country. [Source: Knowledge Sourcing]

The offline segment dominates the Philippines’ instant coffee market, owing to greater storage space and a wider selection among many products contributing to the demand for retail growth under the offline segment. [Source: Knowledge Sourcing]

**Coffee Consumption Philippines Statistics**

Filipinos consume an average of 2.4 cups of coffee per day. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The annual per capita consumption of coffee in the Philippines is estimated at 2.4 kg. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The total coffee consumption in the Philippines is projected to reach 166,000 MT by 2022. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The consumption of soluble coffee in the Philippines is expected to grow at a CAGR of 5.5% from 2021 to 2025. (Source: The Philippine Coffee Industry Roadmap 2021-2025)

The consumption of green coffee in the Philippines is expected to grow at a CAGR of 2.7% from 2021 to 2025. (Source: The Philippine Coffee Industry Roadmap 2021-2025)

The Philippines’ instant coffee market is projected to grow at a CAGR of 12.29% to reach a market size of US$4,422.197 million in 2028 from US$1,964.402 million in 2021. (Source: Philippines Instant Coffee Market Size: Industry Report, 2023 – 2028)

Filipinos are projected to spend an average of $44 per person on instant coffee in 2022. (Source: Coffee Affection)

Filipinos are expected to consume 3.78 kilograms of coffee per person by 2025. (Source: Coffee Affection)

Before the Covid pandemic, Filipinos consumed 3.4 kilograms of coffee per person per annum. (Source: Coffee Affection)

The Philippines is the second-largest consumer of coffee in Asia. (Source: Coffee Affection)

90% of households in the Philippines have coffee in their cupboards. (Source: Coffee Affection)

93% of households buy some coffee every week. (Source: Coffee Affection)

Filipinos are now considered heavy coffee drinkers. (Source: Coffee Affection)

**Coffee Shop Philippines Statistics**

The number of coffee shops in the Philippines has been growing steadily, with a 3% increase in outlets in 2017. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The coffee shop industry in the Philippines is dominated by international chains, with local chains and independent outlets also making a significant contribution. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The coffee shop industry in the Philippines is expected to grow at a CAGR of 7.1% from 2021 to 2025. (Source: The Philippine Coffee Industry Roadmap 2021-2025)

The average spend per visit to a coffee shop in the Philippines is PHP 300. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The coffee shop industry in the Philippines is characterized by high competitive rivalry, with a large number of international and local players. (Source: Industry Characteristics and Performance of Philippine Coffee Manufacturing Firms: MSMEs Perspective)

The coffee shop industry in the Philippines has seen a significant increase in the number of local coffee shops, contributing to the industry’s overall growth. (Source: Coffee Shops in the Philippines: Statistics)

Coffee retail brands such as UCC, Starbucks, and Coffee Bean & Tea Leaf have established a strong presence nationwide, providing further incentives for the industry to develop. (Source: Philippines Instant Coffee Market Size: Industry Report, 2023 – 2028)

Starbucks is, by far, the biggest coffee shop chain in the Philippines. (Source: Coffee Affection)

The average cost of a cup of coffee in a coffee shop in the Philippines is $3.02. (Source: Coffee Affection)

The Philippines has seen a significant increase in coffee shops, with a growth rate of 12.7% in 2021. This growth is attributed to the increasing coffee culture in the country and the expansion of international coffee chains like Starbucks and The Coffee Bean & Tea Leaf. Coffee Shops in the Philippines Statistics

**Coffee Drinkers Philippines Statistics**

Approximately 90% of Filipino adults consume coffee regularly. (Source: The Philippine Coffee Industry Roadmap)

The average age of coffee drinkers in the Philippines is 24-35 years old. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

Approximately 60% of coffee drinkers in the Philippines prefer instant coffee due to its convenience and affordability. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

About 40% of coffee drinkers in the Philippines prefer brewed or specialty coffee. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The preference for specialty coffee among Filipino coffee drinkers is growing, with a 10% increase in consumption in 2017. (Source: The Philippine Coffee Industry Roadmap 2017-2022)

The growing trend of coffee consumption in the Philippines is a significant driver for the growth of the instant coffee market. (Source: Philippines Instant Coffee Market Size: Industry Report, 2023 – 2028)

The Department of Agriculture (DA) announced a collaboration with Nestlé Philippines in October 2022 to scale up the coffee business, focusing on expanding local production and enhancing the country’s sufficiency level, which is presently at 15%. (Source: Philippines Instant Coffee Market Size: Industry Report, 2023 – 2028)

According to the Philippine Council for Agriculture and Fisheries, Robusta is the most farmed coffee variety in the nation, accounting for 76.5% of total output in 2020. (Source: Philippines Instant Coffee Market Size: Industry Report, 2023 – 2028)

Nestle Philippines, Inc. is the largest local manufacturer of soluble coffee, accounting for 80% of the instant coffee market. (Source: Philippines Instant Coffee Market Size: Industry Report, 2023 – 2028)

90% of households in the Philippines have coffee in their cupboards. (Source: Coffee Affection)

80% of Filipino adults drink an average of 2.5 cups of coffee daily. (Source: Coffee Affection)

93% of households in the Philippines buy some coffee every week. (Source: Coffee Affection)

Filipinos are now considered heavy coffee drinkers. (Source: Coffee Affection)

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CONTACT INFORMATION

VIET THIEN COFFEE PHILIPPINES

Person: WINDY NGO (Ms.)︱sales1@vietthien.com︱+84 93 268 09 25

Company Name: VIET THIEN PRODUCTION TRADING AND SERVICE COMPANY LIMITED

Add: District 12, HCMC, Vietnam︱Bao Loc City, Lam Dong Province, Vietnam︱Binh Duong Province, Vietnam︱Kec. Sukabumi, Bandar Lampung, Sumatra, Indonesia

Web: vietthien.com ︱zemorcoffee.com︱ coffee-beans-wholesale-price.blogspot.com

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COFFEE PRICE TODAY ON JULY 9, 2024

 Increased sharply due to global output risks

September Arabica coffee traded on Monday closed up 5.45 cents/pound and Robusta coffee closed up $163 at $4,348/ton.

Robusta ICE Futures Europe 

Arabica ICE Futures US 

This is the mark where Arabica coffee price reached its highest level in the past 1 and a half weeks and Robusta also reached its highest level in more than 1 month. During the session, Robusta coffee price reached its highest level of 4,390$/ton, which is close to the high level. The all-time high was reached on June 6 at $4,394/ton. It is forecasted that both markets will continue to increase without seeing a stop. In addition to information about drier-than-normal conditions in both of the world's largest producing countries, Brazil is now also entering winter with the threat of cold air columns regularly visiting during the winter. This also makes the market more sensitive to the early cold weather in South America.

The Brazilian state of Minas Gerais received just 1.3 millimeters of rain last week, or 24% of the historical average, meteorological agency Somar Meteorologia reported on Monday. Additionally, the US National Oceanic and Atmospheric Administration (NOAA) said that despite recent rain, some coffee producers in Central America still face moisture shortages after drought at the beginning of the season.

Robusta coffee prices are further reinforced by concerns that excessive drought in Vietnam will damage coffee trees and limit global Robusta coffee production. The market is constantly repeating old information when Volcafe predicted a global Robusta coffee deficit of 4.6 million bags in 2024/25, although smaller than the deficit of 9 million bags. in the 2023/24 season but this is the fourth consecutive year of Robusta coffee deficit.

Coffee harvest progress reported to be fast in Brazil does not appear to have quenched the market's thirst for buying for either type, as it is clear that market prices are still rising post-harvest in Indonesia, post-harvest. April harvest with about 20% output of Colombia (Mitica crop) and now the harvest in Brazil is almost finished with Robusta and more than 50% Arabica.

News from a Japanese media agency - Nikkei Asia reports and writes that: World coffee prices increased by about 20% last quarter amid extreme heat in major coffee growing areas in Europe. ASIAN. Standard Robusta coffee prices in London at the end of June were 18.1% higher than at the end of March. Arabica coffee futures prices also increased by 20.6%.

The latest COT Position Commitment report from Traders from the London Robusta coffee market shows that Fund Managers have slightly reduced their net long positions by 2.19% as of Tuesday 2nd July 2024. Currently, the number of new registered net buying positions of this component is 31,745 lots, equivalent to 5,290,833 bags.

The latest Traders Commitment report from the New York Arabica coffee market will be published later today, July 9, due to the holiday that took place last week.

Based on Brazil's forecast of a new crop of 69.50 million bags, the report now indicates that to date, approximately 40.31 million bags of new crop coffee have been harvested. made up of about 17.16 million bags of Conillon Robusta coffee and about 23.15 million bags of Arabica coffee. Weather conditions are expected to remain cool and dry for the remainder of this week, with temperatures forecast to be mild and no unusually low temperatures across Brazilian coffee regions during this period. this paragraph.

Inventories of certified graded Arabica coffee held on the New York market were said to have decreased by 9,270 bags last Friday, placing them at 811,359 bags.

The contract difference between the London and New York markets after converting to cents/pound is currently around 39.07 Usc/Lb with the lower level on the Robusta side. This is also the difference in value that Robusta products are still considered very high.

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CONTACT INFORMATION:

Factory 1: District 12, Ho Chi Minh City, Vietnam Factory 2: Bao Loc City, Lam Dong Province, Vietnam.

Factory 3: Binh Duong Province, Vietnam.

Contact person: Ms. Windy Ngo Phone/Whatsapp/Wechat/Line/Viber/Telegram: +84 932 680 925 Email: sales1@vietthien.com [/tintuc]

  [tintuc]

COFFEE PRICE TODAY ON APRIL 3rd, 2024- Increasing very strongly, Robusta broke the record again

Raw coffee prices today in the Vietnamese market around 101,000-101,700 VND/KG (equivalent to around 4040-4068 USD/TON). Immediately after returning from the Easter holiday, Robusta on the London floor has exploded, continuing bringing this coffee product to a new peak. Robusta continues to increase because Vietnam's 2023/2024 coffee exports may decrease by up to 20%.

At the end of the latest trading session, the price of Robusta coffee in London for delivery in May 2024 increased by 184 USD/ton, at 3,663 USD/ton, for delivery in July 2024 increased by 184 USD/ton, at 3,580 USD/ton. 

Arabica coffee price for delivery in May 2024 increased by 5.95 cents/lb, at 197.75 cents/lb, for delivery in July 2024 increased by 6 cents/lb, at 197.1 cents/lb.

Immediately after returning from a long vacation, Robusta coffee on the London floor exploded, continuing to bring this coffee product to a new peak. In the context of a falling USD, Arabica recovered, thereby stimulating the London exchange to rise even higher. 

In the early morning of April 3 on the US market, the US Dollar Index (DXY) measuring the fluctuation of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.27%, down to 104.75. The dollar fell after a new report showed that US job openings stabilized at a high level in February. 

Robusta continued its excitement after the Vietnam Coffee Association said that Vietnam's coffee exports in the 2023/2024 crop year could decrease by up to 20% over the same period due to dry weather reducing output. Previously, Marex Group Plc forecast that the global Robusta coffee deficit in the 2024/2025 crop would be about 2.7 million bags due to reduced output in Vietnam.

According to the General Statistics Office, in the first quarter of 2024, Vietnam exported 799,000 tons of coffee, earning 1.9 billion USD; increased by more than 44% in volume and more than 54% in value compared to the same period in 2023. Thus, coffee export turnover has set a historical record, becoming the fastest growing agricultural export product in the quarter. this early year. 

Experts say that the first 3 months of 2024 are considered a "golden period" for Robusta coffee prices when they continuously set unprecedented peaks in history. Low supply in main exporting countries, combined with strong demand in leading import markets, creates dual support for the recent increase in coffee prices.

However, the main factor leading to the decline in stocks in Europe is clearly supply difficulties, due to the scarcity of Robusta coffee available in Asia and logistical difficulties on the Asia-Asia route. Europe due to instability in the Red Sea. 

Currently, the addition of newly harvested coffee from Brazil and Indonesia is expected to temporarily overwhelm the exclusivity of Vietnamese coffee, improving world coffee supply, especially in import markets. Large exporters are running out of inventory like the US and Europe.

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CONTACT INFORMATION:

Factory 1: District 12, Ho Chi Minh City, Vietnam Factory 2: Bao Loc City, Lam Dong Province, Vietnam.

Factory 3: Binh Duong Province, Vietnam.

Contact person: Ms. Windy Ngo Phone/Whatsapp/Wechat/Line/Viber: +84 932 680 925 Email: sales1@vietthien.com [/tintuc]

 [tintuc]

COFFEE PRICE TODAY ON MARCH 28, 2024- Vietnamese raw coffee prices soared to the historic mark of 100,000 VND/kg

Vietnamese raw coffee prices soared to the historic mark of 100,000 VND/kg. Meanwhile, markets from London to New York and Brazil also had 3 consecutive strong price increases in recent days.

Vietnam raw robusta coffee prices increased for the 4th consecutive day, today's selling price set a record at 100,000 VND/KG, equivalent to 4,166 USD/TON, up 110% over the same period last year.

Faced with the increasing trend of coffee prices, many businesses said they are in a difficult situation. The reason is that many coffee growers did not deliver to the agents whose prices they had previously fixed. Because agents do not have goods from farmers, they do not deliver goods to exporters, pushing export business into chaos...

The London exchange opened the third session with an impressive increase of 33 USD/ton, May delivery term. Many people watching were quite shocked when about 2 hours later the coffee price jumped to 130 USD/ton. After that, the increase around the 100 USD mark extended until near the end of the session and closed at 94 USD/ton. Coffee prices on the London floor continue to record a new historical milestone of 3,559 USD/ton. Thus, in just the past 3 days, coffee prices have increased to 201 USD/ton. Large volume of traded goods.

July delivery also increased to 92 USD, reaching 3,467 USD/ton. September futures increased by 83 USD to reach 3,385 USD/ton and November futures increased by 70 USD to reach 3,295 USD/ton.

Arabica coffee on the New York floor is equally impressive. The May delivery term had the highest increase up to 97.9 USD/ton; closing session increased by 57.2 USD/ton, reaching 4,200 USD/ton. July and September terms increased to 58.3 USD/ton. The volume of traded goods is very large. 

The Brazilian market increased even more strongly, the highest increase was 93.5 USD/ton; By the time the May delivery term closed, it increased by 75.9 USD/ton, reaching 5,180 USD/ton. The July delivery term increased more strongly, to 77 USD/ton.

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CONTACT INFORMATION:

Factory 1: District 12, Ho Chi Minh City, Vietnam Factory 2: Bao Loc City, Lam Dong Province, Vietnam.

Factory 3: Binh Duong Province, Vietnam.

Contact person: Ms. Windy Ngo Phone/Whatsapp/Wechat/Line/Viber: +84 932 680 925 Email: sales1@vietthien.com [/tintuc]

[tintuc]

THE FUTURE OF ROBUSTA COFFEE- PART 1

The coffee market recently recorded a significant shortage of Robusta coffee supply and in the future this will be a big problem again. Over the next two decades, the coffee industry will face a shortage of about 25 million bags of coffee, more than half of which will be Robusta coffee. For the export market, demand for high-end grades (G2 and above) is growing faster than supply. With predictions of a significant impact of climate change on coffee production – including Robusta – traders are anxious to ensure supply is maintained to meet future markets.

Coffee source

Although the world needs more Robusta than ever, fewer and fewer countries produce it. Concentrating supplies mainly in Vietnam and Brazil can reduce trading opportunities and create risks for the supply chain. Given that situation, Brazil is redirecting most of its Robusta for domestic consumption; and besides, concerns about the long-term future of Robusta production in Vietnam because a large number of farmers have left coffee farming to switch to vegetables, fruits and short-term crops for higher profits.

Besides Brazil and Vietnam, other countries have continued difficulty increasing their productivity, and the expansion of arable land in some areas may have to lead to deforestation. It is possible that some current Arabica coffee growing areas and old farmland could be converted to Robusta cultivation, but this is a long and expensive process, and requires large-scale organized investment. . In the past decade, Uganda is currently a typical Robusta producer with the government investing resources to increase Robusta productivity and export. Indonesia has started producing a lot of Robusta, but has had difficulty increasing farming productivity. Laos, Thailand, Mexico, Nicaragua and Colombia have invested in many new projects to establish and expand Robusta production but have not yet generated significant output. But companies and traders have begun to pay attention to these emerging Robusta farming areas. Always accompanying the development of Robusta coffee is increased farmers' profits. Because the profits that farmers receive are the key to the future of world coffee.

Future cropping system

To meet current demand growth, urging countries to switch to industrialized (mechanized) farming models as Brazil has done is an unsustainable step. Industrial production requires higher-yielding varieties, more dense planting, and mechanized harvesting and farming. However, most of the remaining countries have mainly family-based production and land cooperation under the cooperative model is a sensitive topic and not a priority choice for farmers. At the same time, climate change is adding pressure to the farming process. There, meeting sustainable farming requirements is not feasible with this industrial farming method. Therefore, other suitable approaches to Robusta cultivation are being paid attention to such as regenerative agriculture, agroforestry, intercropping and using less chemicals, reducing environmental impact,...

Robusta's demand for quality

An objective view is that the demand for Robusta is increasing, not only in quantity but also in quality. But, Robusta buyers often encounter difficulties with the uniformity of green coffee bean quality. But there are still many opportunities for improvement through applying higher quality standards, creating good quality varieties, improving farming and processing methods, etc. If the coffee market provides By providing better quality and more consistent Robusta products, new flavor profiles will emerge and the industry may grow with many new business opportunities in the future.The idea here is to expand the potential of Robusta. Consumers have many different needs – some want a strong-bodied Robusta with chocolate notes, not too sweet. Others require a weaker, lighter body. And roasters want something different to mix in a way that creates a highlight. But most importantly, increasing opportunities, improving flavor and opening up new horizons for Robusta coffee.

The next two decades are likely to see significant growth and transformation in both Robusta demand and supply. There are huge opportunities for niche segments to grow and mature, but ensuring supply is maintained to serve these markets is a major challenge that requires significant improvements in productivity, Expand Robusta production into new areas and continue to improve product quality. To be able to achieve those goals, the risks and difficulties in the process will be shared by farmers, suppliers, roasters, producing countries – or in a reasonable way. Imagine, it is the presence of all individuals contributing to the coffee value chain. Because only by collaborating and sharing difficulties and challenges, can the development process have significant changes.

(Source: collection)

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