World arabica prices reach new high

게시됨 2024년 11월 24일

Tridge 요약

Last week, the price of March futures for coffee reached a high of $6,555 per ton, the highest since May 2011, due to a decrease in stocks and concerns about the upcoming harvest. Despite concerns, retail demand for coffee, both grain and ready-made blends, remains steady, with a migration towards ready-made coffee. Over the past year, purchase prices for coffee have increased by an average of 20%, leading to a stagnation or decrease in coffee consumption in Russia due to the weakening ruble and cost of borrowed funds. However, sales of coffee beans have seen significant growth both in volume and monetary terms, while sales of instant coffee have decreased.

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원본 콘텐츠

The price of March futures reached $6,555 per ton last week, the highest since May 2011, according to trading data. As of November 12, 70% of the Brazilian crop had already been sold, compared to 64% last season. By the end of the current season, stocks are expected to be only 1.2 million bags, down 26% from 2023. Concerns about the upcoming harvest are also growing amid extremely dry weather. Similar peaks in Arabica have been observed before, but Robusta (a simpler variety) has always been able to offset this growth, as it has always had a discount compared to Arabica. Blend producers simply added a little more Robusta. Now, for the first time in the history of observations, the growth in Arabica is accompanied by a similar peak in Robusta. Over the past six months, there have been times when robusta was even more expensive than arabica, Ramaz Chanturia, CEO of the Roschaikofe Association, told RG. According to him, robusta is used mainly for instant coffee, where the nuances ...

출처: RG