Russia may become the world's sixth largest exporter of instant coffee this year

Published 2020년 12월 25일

Tridge summary

Russia is projected to become the world's sixth-largest instant coffee exporter in 2020, with a 60% increase in exports compared to the previous year, reaching 35,000 tons. This growth is attributed to the COVID-19-related reduction in production in other countries and the competitive advantage of the depreciated ruble. The majority of Russia's instant coffee exports are sent to Belarus, Kazakhstan, and Uzbekistan, with growing interest in Eastern European and Chinese markets.

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

Original content

China-Russia Information Network Moscow: According to the Russian "Kommersant" citing the forecast of the Russian Export Center, Russia will export 35,000 tons of instant coffee in 2020, an increase of 60% over the same period last year, and Russia will become the world's sixth Large instant coffee exporter. The top five instant coffee exporters in the world are Vietnam, Brazil, Germany, Spain and Italy. Russia’s instant coffee exports in the first 10 months of 2020 are 26,500 tons (export value of 130 million US dollars). Higher than the export volume for the whole year of 2019 (21,200 tons). The Russian Export Center said that Russia’s instant coffee exports this fall (September to November) reached the level of 4,000 tons per month. From the first 10 months of this year According to the data, Russian instant coffee is mainly exported to Belarus (7300 tons), Kazakhstan (4200 tons) and Uzbekistan (2300 tons). The Russian Export Center pointed out that the increase in Russian ...

Source: Foodmate