Coffee market update to September 9: Global coffee export volume increased sharply last week, putting pressure on prices

Published 2024년 9월 9일

Tridge summary

The article provides an overview of the global coffee market, focusing on the closing prices for robusta and arabica futures for November 2024 and December 2024, respectively. It highlights the decrease in prices for both robusta and arabica futures over the week, attributed to a significant increase in global coffee exports. The article also mentions the recent volatility in prices due to low inventories and weather concerns, particularly with a potential impact from Brazil's drought and upcoming anti-deforestation regulations by the EU. Furthermore, the article discusses the implications of these price fluctuations on the coffee market and trade, including a expected decline in prices in 2025 due to a predicted large crop in Brazil. Additionally, it notes an increase in Japan's coffee imports in the first half of 2024 and a decrease in the average import price of coffee, with the exception of Vietnamese coffee, which saw a significant price increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the world market, the price of robusta futures for November 2024 on the London floor closed at 4,770 USD/ton. The price of arabica futures for December 2024 on the New York floor was at 234.55 US cents/lb. Overall for the week, the price of robusta decreased by 178 USD/ton, the price of arabica decreased by 8.05 cents/lb, due to the sharp increase in global coffee exports, putting pressure on prices. Highlights: - Last week, Arabica coffee prices surged to a 13-year high and Robusta hit an all-time high of over $5,100/tonne on concerns that Brazil was experiencing excessive drought since 1981. Arabica coffee prices then fell to a two-week low following recent rains in Brazil, indicating that although prices remain high, they tend to be volatile due to low inventories, making them vulnerable to weather and production information. - The EU's anti-deforestation regulations, which will be implemented from the end of 2024, could affect coffee supplies to the market, so many ...

Source: Vinanet