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--- 0_public:coffee [2024/12/28 20:15] – pointnm
+++ 0_public:coffee [2025/01/21 20:05] (current) – removed pointnm
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-{{tag>soft_commodities tropical_commodities agriculture}}
-~~ACLINFO~~
-====== Coffee ======
-  * big companies trade 12 million bags per year[(:ref:commodity_professionals)]
-Politically sensitive, yes. Weather sensitive, probably not. Wheat is produced over a wider geographical area than some other commodities. <wrap hi>I think that commodities like coffee and cocoa may be more weather-sensitive. A frost in Brazil can skyrocket prices</wrap>. Disease in West Africa will send cocoa prices soaring.((https://archive.ph/PaLD1#selection-1141.0-1144.0))
-For both commodities, extreme weather and shortages fueled rallies. And, <wrap hi>like cocoa, coffee production is concentrated in two countries</wrap>. Soaring prices have also squeezed traders and forced them out of the market.((Bloomberg))
-A bag weighs 60 kilograms.
-Arabica's coffee premium to robusta dropped to around US$661/t on Friday (the lowest since May 2019) amid diverging fundamentals between the two types of coffee. There are expectations that the arabica harvest will encounter a supply surplus while robusta coffee will see a fourth consecutive year of deficit for the 2024/25 season. Recent reports suggest that upcoming dry EI-Nino weather conditions in Southeast Asian countries have raised concerns about robusta coffee harvest.((https://archive.ph/ESPvr))
-===== China =====
-But as Bloomberg Opinion’s Javier Blas argues, left unsaid is a notable development that’s reshaping the coffee market: China is now developing a strong taste for the beverage, heralding an era when prices probably will be higher for longer than in the past.((Bloomberg))