Information on some agricultural products in the world today January 20, 2022
Cocoa Bean
Raw Common Coffee Bean
Sugar
Published Jan 21, 2022
Original content
Coffee - Brazil produces up to 60 million kg of coffee a year, but extreme weather conditions cost the country about 20% of its total coffee production, creating a shortage in the global market, driving up arabica coffee prices. the highest level in nearly 7 years. - According to the forecast of the Import-Export Department, the world coffee price may decrease in the short term. Brazil's 2022 crop is approaching, while logistics problems cannot be solved. - The Omicron strain broke out again, many European countries re-established more drastic social distancing measures, leading to a decrease in coffee consumption demand. According to the ICO, EU coffee imports are forecast to decline by 1.1% million bags, to 42.5 million bags in crop year 2021/22, accounting for nearly 40% of the world's coffee imports. - At the beginning of January, the price of Robusta coffee in the world market decreased due to weak demand, while the market was under pressure of selling, liquidating and ...
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