In response to the global coffee bean shortage and rising prices, Yunnan province in southwest China has seized opportunities to expand its global business and exports.
The COVID-19 pandemic has significantly impeded the prompt transport of coffee beans. Coupled with extreme weather conditions in Brazil, the world’s largest coffee-producing nation, coffee prices have continued to rise globally.
The exports of green coffee beans from Yunnan Nongken Coffee Co Ltd, a State-owned company, increased by 622.81 percent year-over-year and reached a record high in the first half, the company reported.
“The coffee market is on the rise this year, and prices of Yunnan-grown coffee beans have reached levels not seen in nearly a decade,” said Sun Zhiqing, president of Yunnan Nongken Coffee.
“We seized the opportunity to expand our business. In major coffee-producing regions of Yunnan, such as Puer, Lincang, and Baoshan, we reserved a large quantity of green beans earlier this year, which facilitated coffee production and trade later on “Sun said.