Weekly highlights from the global coffee and almond markets
Almond Kernel
Vietnam
Published Jan 29, 2024
Tridge summary
Robusta coffee prices have soared to record highs of over $3,400 per tonne due to a combination of limited supply from Asia, low stock levels in importing countries, and logistical issues stemming from Red Sea tensions. In addition, US almond prices have seen an 18% increase due to uncertainties surrounding the 23/24 harvest and a resurgence in foreign demand. Both commodities are currently grappling with supply challenges and heightened demand.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Market: Coffee Robusta prices at historic highs The upward trend in prices of the robusta variety continues, recording increases of 10% in January alone, reaching new historic highs of over $3,400/t. In a context of limited Asian supply - after the disappointing 23/24 harvests in Indonesia and Vietnam - and low stocks in importing countries, prices receive further support from logistical problems linked to the tensions that are characterizing the Red Sea. The Houthi attacks on ships transiting towards Suez, in fact, interrupted a key passage for coffee exports from Asia to Europe, forcing transporters to take longer - and therefore more expensive - routes and weighing down a supply scenario of robust yet delicate. Market: Almonds US prices rising amid uncertain supply and recovery in demand The prices of the US shelled product, after the lows reached at the beginning of the campaign (August 2023), have entered a bullish spiral, marking an increase of +18%. Supporting the market is ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.