{"id":40142,"date":"2023-11-01T18:53:41","date_gmt":"2023-11-01T18:53:41","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/commodities\/global-coffee-prices-set-for-shift-in-2024-due-to-supply-changes\/"},"modified":"2023-11-01T18:53:42","modified_gmt":"2023-11-01T18:53:42","slug":"global-coffee-prices-set-for-shift-in-2024-due-to-supply-changes","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=40142","title":{"rendered":"Global coffee prices set for shift in 2024 due to supply changes"},"content":{"rendered":"
\n

The global coffee market is expected to experience significant shifts in the coming year, according to the World Bank’s Commodity Markets Outlook. The report predicts a decline in Arabica and Robusta coffee prices in 2024 due to increased supply from key producers Brazil, Vietnam, and Colombia.<\/p>\n

Arabica coffee prices saw a 14% drop in Q3 of 2023 and are currently around 30% lower than last year. This trend is anticipated to continue into 2024 as Brazil and Colombia are ramping up their production by approximately 14%. These two countries account for about 60% of the global Arabica output.<\/p>\n

Despite the overall downward trend, Robusta coffee prices rose slightly by 2% during the September quarter and are over 17% higher than last year. The robusta market is projected to remain tight due to reduced production in Indonesia and Uganda. However, Vietnam’s increased output, which contributes to more than two-thirds of global robusta production, could potentially ease this tightness.<\/p>\n

The report also highlights potential factors that could impact these price trends. An intensification of El Ni\u00f1o conditions and a potential global economic downturn could have significant effects on coffee prices.<\/p>\n

In India, Arabica prices have followed the global trend with a decline of over a third. The farmgate prices of Arabica parchment stand at \u20b910,900-11,200 per 50 kg bag, while Arabica cherry prices are at \u20b96,450-6,650 levels. Conversely, Robusta prices remain firm with parchment prices around \u20b910,000-10,400 levels and cherry prices hovering around \u20b95,900-6,200 levels.<\/p>\n

As the global coffee market adjusts to these changes in supply and demand dynamics, producers and consumers alike will need to keep a close eye on these evolving trends throughout 2024.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The global coffee market is expected to experience significant shifts in the coming year, according to the World Bank’s Commodity Markets Outlook. The report predicts a decline in Arabica and Robusta coffee prices in 2024 due to increased supply from key producers Brazil, Vietnam, and Colombia. 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