Search Results for: import and export prices
India's coffee exports grow 13% year-on-year, Red Sea crisis looms as a concern
India, as the first country in Asia to cultivate coffee, ranks sixth in the world in production. Recently, affected by heatwaves and drought in Vietnam, the supply of Robusta coffee beans has tightened, driving up global coffee prices and bringing growth opportunities for Indian coffee exports. In the first quarter of 2024, India's coffee exports increased by 13.35% year-on-year to 125,600 tons, mainly driven by rising global demand, especially strong demand for Robusta. Indian Robusta is cultivated in a specialty manner, with higher quality, and prices have risen accordingly. However, behind the surge in exports lie hidden concerns: some growers are unwilling to deliver at the originally agreed order prices, which may affect traders' confidence; at the same time, the Red Sea crisis continues, and India's imports and exports are highly dependent on that route. Diverting around the Cape of Good Hope will significantly increase transportation costs, posing a challenge to India's coffee trade. [more…]
Colombian coffee domestic purchase prices break historical peak, monthly increase reaches 13%
The latest report from the Colombian Coffee Growers Federation shows that, driven by rising international futures prices, the country's average domestic coffee purchase price climbed 13% month-on-month, setting a new monthly historical closing record, while production and exports also showed recovery growth. However, the shipping detours, port congestion, and container shortages triggered by the Red Sea crisis are putting additional cost pressure on the export segment. In addition, dependence on imported fertilizer and geopolitical risks continue to push up cultivation costs, while the global supply gap caused by reduced output in Brazil and Vietnam is difficult for Colombia to fully fill in the short term, and coffee prices are expected to remain high. [more…]
A major strike by Brazilian tax officials has affected major ports, hindering customs clearance for coffee exports, and prices may rise slightly.
Tax auditors from Brazil's Federal Revenue Service launched a strike from January 22 to 26, affecting major import and export channels including the Port of Santos and Guarulhos International Airport. During the strike, only perishable, fresh, dangerous goods, and pharmaceuticals and foodstuffs can obtain customs clearance; green coffee beans, as a primary agricultural food product, are not included in the release list and will be temporarily detained. The Port of Santos is expected to be unable to process 6,500 import declarations and 4,000 export declarations, and the port had already been experiencing severe congestion due to aging equipment, lagging management, and insufficient manpower, with 76% of vessels delayed in December. Combined with the impact of the Red Sea situation, coffee prices may continue to edge upward in the short term. This article will outline the scope of the strike, the affected goods, and the chain reaction in the market, and includes Front Street Coffee-related recommendations. [more…]
Ethiopia's exchange rate volatility intensifies, coffee export prices continue to climb
The National Bank of Ethiopia recently held a foreign exchange auction in an attempt to narrow the gap between the official exchange rate and the parallel market, but the sharp depreciation of the birr has already pushed up domestic prices, with the coffee industry bearing the brunt. The Coffee and Tea Authority, together with the National Bank, has issued minimum export floor prices for each producing region. The price of G1-grade coffee beans rose by about 5% month-on-month, while the increase for commercial beans reached 14%. The combined effects of exchange rate volatility, dependence on imports, and insufficient foreign exchange earning capacity mean that prices for Ethiopian coffee and other export commodities may continue to rise in the future. Front Street Coffee continues to monitor developments in producing regions, bringing enthusiasts the latest market analysis. [more…]
Brazil's March coffee exports approached 4.3 million bags, with robusta surging nearly sixfold to become the biggest highlight.
Recently, international coffee futures prices have continued to rise, with Robusta hitting its highest record since October 1994, and spot prices in Vietnam and Brazil soaring in tandem. Spurred by these prices, Brazilian growers have been actively selling off inventory and pre-selling beans from the new crop, with March exports reaching 4.293 million bags, a year-on-year increase of 37.8%. Among these, Robusta exports surged nearly sixfold, becoming the biggest highlight, driven mainly by reduced production in Asian origins and a surge in imports from Mexico. However, the delay rate at the Port of Santos, reaching as high as 80%, along with labor shortages caused by the dengue fever outbreak, still brings uncertainty to subsequent exports. [more…]
Kenya's customs system was down for five consecutive days, severely disrupting coffee exports through the Port of Mombasa and causing heavy losses.
The Kenya Revenue Authority's Integrated Customs Management System (iCMS) suffered a sudden technical failure that went unrepaired for five consecutive days, severely disrupting operations at the Port of Mombasa and leaving coffee and tea worth billions of Kenyan shillings stranded at the port, unable to be exported. This is not the first time the system has encountered problems; a similar incident occurred in April 2023. As the largest port in East Africa, the Port of Mombasa serves several landlocked countries, and this failure has not only hit Kenya's own trade but also affected the export of coffee and other agricultural products from surrounding areas such as Tanzania, Uganda, and Rwanda. At the same time, Kenyan coffee auction prices have hit a new high for the year, demonstrating strong international demand for its high-quality coffee. [more…]
Under drought and durian pressure, Vietnam's coffee production declines, export volume drops by 10% but prices soar
As a major global coffee producer, Vietnam faced a setback of declining export volumes in the first half of 2024. Data shows that coffee export volume fell by 10.5% year-on-year in the first six months to 902,000 tons, but thanks to a 50.4% surge in average export prices, total export value instead climbed to US$3.22 billion, an increase of 34.6%. Behind the production decline are both irreversible damage to coffee trees caused by drought and competitive pressure from cash crops such as durian and passion fruit, with large numbers of farmers switching to more profitable fruit trees, leading to a continued shrinkage of coffee-growing area. Although coffee prices have risen to high levels, they are still not attractive compared with the profits from crops such as durian. At the same time, demand for Vietnamese coffee in the South Korean market is growing, bringing a glimmer of warmth to the export outlook. [more…]
Vietnam's coffee export value may exceed 5.5 billion USD for the first time, with prices soaring by 90% but production concerns emerging.
In 2024, Vietnam's coffee industry experienced an unusual market trend: exports reached US$4.84 billion in the first 11 months, and the full-year total is expected to set a record at US$5.5 billion. Although export volume fell by more than 20%, the average price doubled, driving total value upward against the trend. Domestic green bean prices have risen to VND 125,000/kg, nearly double the export price at the start of the year. The EU remains the largest buyer, while China's market share is steadily increasing. However, continued rainfall slowing harvesting, traders losing out on futures operations, and farmers switching to durian are adding uncertainty to future supply. [more…]
2024-2025 Ethiopia Coffee Export Report: Ethiopia's Main Coffee Export Destinations and Production
Ethiopia is not only the birthplace of Arabica coffee but also one of the world's major suppliers of high-quality coffee beans. Coffee occupies a central position in Ethiopia's economy, culture, and trade. In 2024-2025, Ethiopia's coffee export volume and export revenue both reached historic highs, marking [more…]
Birr exchange rate falls for three consecutive days to 83.94, Ethiopia's foreign exchange reform triggers a chain reaction in prices and coffee exports
Since Ethiopia implemented a new foreign exchange policy on July 31, the birr has fallen three times in a row against the US dollar within just a few days, dropping to 83.94 birr per US dollar on August 2, sharply increasing the pressure on local people's livelihoods. The Addis Ababa City Trade Bureau promptly sanctioned 387 businesses suspected of price gouging, while opposition parties criticized the timing of the reform as inappropriate. At the same time, exports of agricultural products such as coffee have gained competitiveness in the short term due to currency depreciation, but climate disasters, the Red Sea shipping crisis, and domestic conflict cast a shadow over the long-term outlook. This article will sort out the deeper impact of exchange rate fluctuations on Ethiopia's economy, prices, and coffee industry, and also look at how brands such as Front Street Coffee are responding amid changes in the place of origin. [more…]
A Detailed Guide to Jamaican Blue Mountain Coffee Grades: Price Differences Between Grade 1 and Grade 2 Beans and Key Identification Points
As one of the world's top coffees, Blue Mountain coffee's grade classification and price differences have always been a focus of attention for coffee enthusiasts. Jamaican law explicitly stipulates that only coffee beans produced in the Blue Mountain region can bear the name Blue Mountain. High-grade Blue Mountain coffee is divided into three grades: No. 1, No. 2, and No. 3. Although the taste is consistent, the bean sizes differ, and the prices also show clear differences. In addition, green beans must be exported in wooden barrels, with the estate, importer abbreviations, and batch information printed on the barrel, along with a green certificate of origin. Defective and flawed beans, however, can only be shipped in gunny sacks or exported after heavy roasting. Understanding these details helps identify authentic Blue Mountain coffee and avoid buying the lowest-grade products. Front Street Coffee reminds you to pay close attention to grade and packaging information when making a purchase. [more…]
A Detailed Guide to Jamaican Blue Mountain Coffee Grades: Grade 1, Grade 2, Grade 3 Specifications and Authentic Price Reference
Jamaican Blue Mountain coffee is world-renowned for its unique flavor and strict controls. Jamaican law stipulates that only coffee beans grown in the Blue Mountain region may bear the name "Blue Mountain." High-grade Blue Mountain coffee is divided into three grades—No. 1, No. 2, and No. 3—corresponding respectively to screen size standards of 17–18 mesh and above, 16 mesh, and 15 mesh. The green beans of all three grades must be packed into wooden barrels for export, with the barrel bearing the estate name, importer's abbreviation, and batch information, along with a government-certified green certificate of origin. Understanding these grades and export regulations helps coffee enthusiasts verify authenticity and make informed purchases of genuine Blue Mountain coffee. Front Street Coffee recommends that consumers pay attention to the roast level and packaging format to judge the true quality of the Blue Mountain coffee in their hands. [more…]
Uganda's Coffee Exports Rise in Both Volume and Price, China-Africa Cooperation Boosts New Opportunities for Trade with China
Uganda, as an important coffee-producing country in Africa, has recently delivered impressive export results. In the 2023/24 fiscal year, the country's total coffee exports exceeded 6.13 million bags, with export value reaching US$1.144 billion, representing year-on-year growth of 6.33% and 35.29% respectively. This growth has benefited both from rising international coffee prices and from the EU's upcoming deforestation-free regulation and tight supply from Vietnam. At the same time, China-Uganda agricultural cooperation continues to deepen, and the Forum on China-Africa Cooperation is expected to open a broader Chinese market for Ugandan coffee. This article will review the latest data on Uganda's coffee exports, variety performance, and future prospects, and bring relevant recommendations from Front Street Coffee. [more…]
Somalia Once Again Expels Ethiopian Diplomats, Red Sea Crisis and Port Deadlock Deal Heavy Blow to Coffee Exports
Diplomatic friction between Ethiopia and Somalia continues to escalate. Somalia recently expelled Ethiopia's second-ranking diplomat in Somalia, and relations between the two countries are becoming increasingly tense over the Somaliland port agreement. Meanwhile, the Red Sea crisis has caused throughput at the Port of Djibouti to decline, severely disrupting the import and export of major commodities such as Ethiopian coffee. Combined with peak-season shipping price increases, the depreciation of the birr, and the delay of the EU's EUDR, Ethiopian coffee bean prices have risen across the board, and the local coffee industry is facing dual pressure from exports and costs. [more…]
A year-on-year increase of 13%! Indian coffee exports have surged but are still affected by the Red Sea crisis.
India is the earliest country in Asia to grow coffee, and its output ranks sixth in the world. Recently, the price of coffee has continued to rise. The reason for the rise in price is that Vietnam has suffered from heat waves and droughts, affecting [more…]
Ethiopia Aims for $2 Billion Coffee Exports in New Fiscal Year, Opportunities and Challenges Coexist
Ethiopia is striving to expand its coffee cultivation area and trade scale, aiming to achieve coffee export revenue exceeding 2 billion USD in the 2024/25 fiscal year. Over the past five years, the country has planted billions of coffee trees and introduced mechanized assistance, with export volumes in October of this fiscal year showing a significant year-on-year increase. However, the industry still faces price volatility, exchange rate risks, and uncertainties brought about by the new pricing mechanism. Meanwhile, Ethiopia and Somalia have signed the Ankara Declaration, which is expected to open up new maritime routes and alleviate logistical bottlenecks in coffee exports. This article will review the latest developments and prospects of Ethiopia's coffee industry. [more…]
Landslide in the Konta district near Jimma, Ethiopia, kills 6, putting multiple pressures on the coffee harvest season and exports
A landslide occurred recently in the Konta district of southwestern Ethiopia, killing at least six people. The area is adjacent to important coffee-producing regions such as Jimma and Kaffa. Since the start of this year, the locality has repeatedly suffered similar disasters, with about 300 people killed between July and September. Persistent heavy rainfall not only threatens public safety but also delays coffee harvesting, obstructs transportation, and puts pressure on output. At the same time, the regional security situation, exchange rate fluctuations, rising fertilizer costs, and the drought risk that La Niña may bring all make the outlook for Ethiopia's coffee industry full of uncertainty. However, the delay of the EU's EUDR and the decline in coffee prices, as well as the lowering of the minimum export floor price, also bring a glimmer of good news for exports. [more…]
A Detailed Explanation of the Jamaican Blue Mountain Coffee Grading System: From Altitude to Green Bean Export Specifications
Blue Mountain coffee enjoys a stellar reputation in the global coffee world, but many people are unaware that it is merely one category within Jamaica's coffee system. The Jamaica Industrial Board classifies coffee into three grades based on growing altitude, and the Blue Mountain grade is further subdivided into No. 1 through No. 3 and peaberry. Authentic Blue Mountain No. 1 has limited production and commands a high price, with green beans required to be 17/18 screen size and a defect rate below 2%. Front Street Coffee will guide you through Blue Mountain coffee's grade classifications, export barrel specifications, certificates of origin, and the quality differences behind various roasting methods, helping you gain a clearer understanding of this legendary coffee. [more…]
Honduras coffee export volume rises while prices fall, approval for direct supply to China may become a new growth point
Honduras, as the largest coffee producer in Central America, has recently presented a complex situation of rebounding export volumes but declining revenue. In February 2024, Arabica sales increased by 26% year-on-year, yet export earnings fell by 20% in the first four months of this harvest season. Against the backdrop of traditional buyers being concentrated in seven countries across Europe, the Americas, and Asia, Honduras is actively seeking market diversification. As China allows direct imports of its green coffee beans and more companies obtain certification for exports to China, this Central American country's coffee industry has welcomed new opportunities. The expansion of cafes in Chinese cities and rising demand among young consumers have injected strong momentum into Honduras's coffee exports. [more…]
Rwanda Overtakes Uganda to Become Kenya's Largest Coffee Supplier
Data from the Kenya Agriculture and Food Authority (AFA) for the September quarter shows that Rwanda accounted for 43% of Kenya's total coffee imports, reflecting growing confidence in the quality of Rwandan coffee beans. Meanwhile, Uganda's coffee export value to Kenya fell sharply, although in terms of unit price [more…]