Coffee prices in the United States surged to $4,249 per metric ton in the last quarter, reflecting a notable rise driven by several key factors. The increase was largely attributed to global supply chain disruptions, adverse weather conditions affecting major coffee-growing regions, and robust demand from both domestic consumers and the food service industry. Additionally, fluctuations in the costs of raw materials and transportation contributed to the price hike. Despite these challenges, the U.S. market showed resilience, with continued growth in demand, particularly in the specialty coffee sector, which helped support the price surge.
In contrast, coffee prices in China for the same period reached $3,870 per metric ton, remaining relatively stable compared to other global markets. This stability was driven by steady demand from the growing local coffee industry. While global supply fluctuations and transportation issues exerted some pressure on prices, they did not cause the same level of disruption as in the U.S. Furthermore, the Chinese market benefited from competition among coffee imports, which helped maintain a more balanced pricing trend throughout the quarter.
Overall, while the U.S. coffee market faced significant price increases due to external factors, the Chinese market demonstrated stability, reflecting a different set of dynamics in the global coffee trade.
Related topics:
- Droughts Hit Brazil and Vietnam, Driving Coffee Prices Up
- Coffee Prices Rise Amid Weather Concerns and Tightening Supplies
- Fairtrade Foundation: Coffee Price Hikes Won’t Fix Farmers’ Struggles