咖啡烘焙商Luigi Lavazza SpA的董事长Giuseppe Lavazza本周表示，今年越南和印尼主要罗布斯塔咖啡豆种植地的产量下降，导致烘焙商竞相争夺咖啡豆。罗布斯塔期货本周达到2008年以来的最高水平，随后回落。他表示，这意味着阿拉比卡咖啡豆的价格也必须保持“相当高的水平”。Arabica coffee futures prices are approaching a two-year high, which may increase the cost of coffee for consumers.
According to the Zhidao Finance app, due to supply concerns, Arabica coffee futures prices are approaching a two-year high, which may increase the cost of coffee for consumers.
The most active Arabica coffee bean contract on the New York market fell 1.5%, to $2.465 per pound, after rising to its highest level since early 2022 on Tuesday. Arabica coffee bean prices are still up about 30% in 2024, as the shortage of cheaper Robusta coffee beans boosts demand for high-end Arabica coffee beans, which are favored by Starbucks (SBUX.US) and Nestle's (NSRGY.US) Nespresso coffee brand. This year, the futures price of Robusta coffee beans has risen by about 60%.
The chairman of coffee roaster Luigi Lavazza SpA, Giuseppe Lavazza, said this week that the output of Robusta coffee beans, the main planting areas of which are in Indonesia and Vietnam, has declined this year, leading roasters to compete for beans. Robusta futures reached their highest level since 2008 this week before falling back. He said this meant that the price of Arabica coffee beans also had to remain at a "quite high level".
Due to adverse weather conditions, coffee production in Brazil, the world's largest coffee producer, may be lower than expected, further exacerbating supply pressures in the global market.
Lavazza said, "The market is very tense. When the market is so volatile, every piece of news can trigger an impact."
In addition, with the EU Timber Regulation (EUDR) set to take effect at the end of this year, many market participants are expected to purchase coffee beans in advance to avoid the requirement to prove that their supply chains are unrelated to land that has been deforested after 2020.
Lavazza predicts,"There is no doubt that the price of coffee purchased by European coffee roasters will increase significantly, and companies in the coffee industry are facing tremendous market pressure."
