World coffee prices could fall by around 20-30% after February 2025

Published 2024년 12월 11일

Tridge summary

World coffee prices are expected to drop by 20-30% in February 2025, according to Ramaz Chanturia, head of the Roschaikofe Association, due to more accurate forecasts of the Brazilian and Vietnamese harvests. The current record high prices are caused by a potential global deficit due to a drought in Brazil and weather damage in Vietnam, the world's largest coffee producers. This is the first time that both Arabica and Robusta coffee prices have increased significantly at the same time. Despite these price challenges, demand for coffee in Russia is expected to remain high.

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Original content

World coffee prices may fall by about 20-30% after February 2025, when the results of the Vietnamese harvest are known and more accurate forecasts for the Brazilian harvest become available, Ramaz Chanturia, head of the Roschaikofe Association, told TASS. Earlier, Bloomberg reported that coffee prices had reached a record high due to a possible global deficit. According to the agency, Arabica futures in New York are trading at $3.44 per pound. Prices have surpassed the previous historical maximum set in 1977. As Bloomberg points out, the price increase is due to the drought in Brazil, due to which supplies may decrease in the near future. The harvest of a cheaper variety in Vietnam was also damaged by weather conditions. The impact of the coffee harvest on stock exchange quotes As Ramaz Chanturia said, the largest coffee producers in the world are Brazil, which accounts for about 40% of global production, and Vietnam with a share of about 20%. In this regard, everything that ...

Source: Kvedomosti