Climate change has been a great threat to coffee production in the world recently. So Nicaragua is changing its coffee production , it is investing in a disease-resistant variety of coffee to protect its export, reports Manila Bulletin. Coffee is one
A study by the International Coffee Organisation shows that coffee farmers in a selected number of countries are operating at a loss. This to them means growing coffee is becoming more and more non-profitable for farmers.
According to the study, March 2015 saw the ICO composite price consistently going down below a 10-year average of $137.24 / lb. This has raised concerns about the economic situation of coffee production and the livelihood of growers in the countries involved.[Sign in to continue]
Raw coffee at it’s highest in Vietnam
The Ministry of Agriculture & Rural Development’s Agro, Forestry & Fishery Processing & Salt Industry has revealed raw coffee prices in the Central Highland provinces of Vietnam has gone up to it’s highest level in 3 years, reports Talk Vietnam. FOB price for Robusta coffee at the Sai Gon Port saw a rise by $88 per to $2,043. Vietnam exported 121,000 tonnes of coffee in the first 10 months of this year. This brought about earnings of up to $246 million with Germany and the US being the two largest export markets holding 15.2% and 13.2% respectively in the first nine months.[Sign in to continue]
A poll by Reuters on 11 traders and analysts showed a price increase across the board with arabica and robusta both experiencing harvest related problems. Weather conditions have affected coffee producers in many countries. Fortune reports the El Niño have affected
The extreme weather conditions have been holding tightly the Vietnam’s Central Highland coffee belt. This is the worst drought in 30 years. According to the Vietnam’s National Center for Hydro-Meteorological Forecasting, the temperatures are expected to be 0.5 to 1
Coffee has become the most consumed beverage worldwide and the second most traded commodity after oil. This revolutionary trend of global coffee industry changed the perspective of how we treat, consume or appreciate coffee. Brazil and Vietnam can be considered the usual