May robusta coffee rose by $10, or 0.7%, to $1,410
From foodnavigator.com Robusta coffee production potential could decline considerably as
From bloomberg.org Robusta coffee prices headed for the biggest monthly
Sales of the higher-quality arabica beans favored by coffee shops have fallen. The trend has made Vietnam, the world’s biggest producer of robusta, Japan’s top supplier of coffee beans and relegated Brazil to second place.
Vietnam’s domestic coffee prices jumped to their highest level in a year on Thursday following a rise on the ICE and tight supplies at the end of the crop season, while prices in Indonesia extended their decline due to higher supply.
With workers being shuffled out of the office and bunkered inside homes, the coffee bean market has noticed changes in consumer behavior, The Wall Street Journal reported. Citing market reports, the movement of two specific beans — arabica and robusta — shows how the coffee field has changed for consumers in the West.
Robusta coffee prices headed for the biggest monthly gains in a decade amid fresh signs that the coronavirus pandemic is stimulating demand.
The headline “Coffee could suffer under climate change!” is nothing new. Farmers and scientists have known for decades that Coffea arabica, the plant that supplies about 60 percent of the world’s coffee, is sensitive to temperatures higher than those found in their native range in the East African highlands.
In most parts of Uganda the coffee harvesting season is just beginning and farmers out of the desire to maximise profits are worried about the rather low farm gate prices of the cash crop.
“India has been producing an average of 2.24 lakh tonnes of Robusta coffee every year, of which nearly 1.10 lakh tonnes are consumed domestically. Italy is the largest Robusta coffee buyer from the country and they import around 65,000 tonnes of Indian Robusta variety every year,” Prasanth Rajesh, president, Wayanad Coffee Growers’ Association, said. According to reports, the pandemic has put Italy in a crisis.