Global Coffee Market May Face Supply-Demand Imbalance in 2021, Coffee Prices Unlikely to Rise Further!
For professional coffee knowledge exchange and more coffee bean information, please follow Coffee Workshop (WeChat public account: cafe_style).
For the global agricultural market, 2021 may see stable prices in the first half and weak prices in the second half. But coffee will be an exception!
Over the past five years, global coffee consumption has increased by approximately 2% year-on-year. The emergence of COVID-19 in 2020 and related institutional restrictions impacted global coffee consumption. With vaccine production and rollout in 2021, along with global economic recovery, global coffee demand is expected to revive. However, the revived demand may not be sufficient to balance the supply in the coffee market.
Brazil remains the world's largest coffee producer and exporter to date. Due to the continued impact of the La Niña climate causing drought during the flowering period, Brazil's expected total coffee production in 2021 will be at its lowest level in four years. (Note: La Niña refers to the phenomenon of持续异常偏冷的海面温度 in the eastern and central equatorial Pacific. Under this influence, eastern Pacific regions (such as South America) experience drought, while western Pacific regions (such as Australia and Southeast Asia) see increased precipitation.)
Brazil's forecasting agency Conab estimates that Brazil's coffee production in 2020/21 may be less than 50 million bags, with only 43.85 million to 49.59 million bags expected, a decrease of 21%-31% compared to the same period. In addition to being affected by drought, Brazilian Arabica coffee also has reduced planting area. Brazilian Arabica coffee beans will have a two-year low-production cycle. Brazilian Arabica production in 2021 is expected to be between 30 million and 33 million bags, meaning coffee production will decrease by 35% to 40% from the previous year, reaching a ten-year low. On the other hand, Brazilian Robusta production will be around 14 million to 16 million bags, matching levels from two years ago.
Although Brazilian coffee production will decrease, the International Coffee Organization (ICO) expects global coffee production in 2020/21 to increase by 1.9% to 171.89 million bags compared to last year; global consumption will also increase by 1.3% to 166.62 million bags. Due to the impact of COVID-19, coffee harvested in 2019/20 could not be fully exported, leading to stockpiling of many coffee beans. With vaccine rollout and relaxation of COVID-19 related restrictions, all coffee will begin to be supplied in large quantities. According to a recent Reuters survey, the market expects coffee supply surplus in 2021 to reach as high as 8 million bags.
For more specialty coffee beans, please add FrontStreet Coffee on private WeChat, ID: kaixinguoguo0925
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Sun-Dried Yirgacheffe Autumn Sakura Coffee Bean Origin Story Introduction_Is Sun-Dried Yirgacheffe Autumn Sakura Coffee Delicious
Professional coffee knowledge exchange For more coffee bean information Please follow Coffee Workshop (WeChat official account: cafe_style) Yirgacheffe Coffee - Autumn Sakura. Pour-over. The aroma of mixed Earl Grey tea, followed by the sweet and sour texture of cherry and lemon on the tongue, with a hint of sweet chamomile in the aftertaste. In this cup of Autumn Sakura, a 20-year-old girl captures the passionate joy of berries, while a 40-year-old gentleman can also find satisfaction in the aftertaste
- Next
Should the Coffee Drip from Pour-Over Bloom Be Discarded? How Much Water is Needed for Coffee Bloom?
Introduction: Typically, the amount of water used for blooming is twice the weight of coffee grounds. This is based on the fact that coffee grounds can absorb water up to twice their own weight when saturated. However, in practice, when using twice the amount of water during the initial pouring stage, excess coffee liquid will drip into the lower pot. Should this dripping coffee liquid be discarded? Why does excess coffee liquid exist? Let's first explain this issue.
Related
- How to make bubble ice American so that it will not spill over? Share 5 tips for making bubbly coffee! How to make cold extract sparkling coffee? Do I have to add espresso to bubbly coffee?
- Can a mocha pot make lattes? How to mix the ratio of milk and coffee in a mocha pot? How to make Australian white coffee in a mocha pot? How to make mocha pot milk coffee the strongest?
- How long is the best time to brew hand-brewed coffee? What should I do after 2 minutes of making coffee by hand and not filtering it? How long is it normal to brew coffee by hand?
- 30 years ago, public toilets were renovated into coffee shops?! Multiple responses: The store will not open
- Well-known tea brands have been exposed to the closure of many stores?!
- Cold Brew, Iced Drip, Iced Americano, Iced Japanese Coffee: Do You Really Understand the Difference?
- Differences Between Cold Drip and Cold Brew Coffee: Cold Drip vs Americano, and Iced Coffee Varieties Introduction
- Cold Brew Coffee Preparation Methods, Extraction Ratios, Flavor Characteristics, and Coffee Bean Recommendations
- The Unique Characteristics of Cold Brew Coffee Flavor Is Cold Brew Better Than Hot Coffee What Are the Differences
- The Difference Between Cold Drip and Cold Brew Coffee Is Cold Drip True Black Coffee