FAO: World coffee prices have reached a long -term maximum

Coffee is one of the most popular drinks on Earth. FAO: World coffee prices have reached a long -term maximum Economic development ~ 60 > new study conducted by the Food and Agricultural Organization of the UN (FAO) recorded almost 40 percent growth in coffee prices in 2024 due to interruptions in supplies caused mainly by adverse weather. 62 > World coffee prices reached a long -term maximum in 2024, increasing by 38.8 percent compared to the average indicator of the previous year. The main reason for this was the deterioration of weather conditions in key manufacturing countries. This was announced on Friday by the Food and Agricultural Organization of the United Nations (FAO). ~ 60 > according to the analytical note of the FAO about world coffee trends, in December 2024, Arabica, the highest quality coffee, was sold 58 percent more than a year earlier. At the same time, Robusta, which is mainly used for the production of soluble coffee and mixtures, has risen in price by 70 percent. This led to a reduction in the rupture in the prices between the two basics of coffee for the first time since the mid-1990s. further increase is possible & nbsp; ~ 60 > 62 > 62 > 62 > 62 > 62FAO said that export prices for coffee can continue to increase in 2025 if the main regions of cultivation are faced with a further significant reduction in the offer. ~ 60 >~ 60 > among key factors that have recent prices, limited volumes of export from Vietnam, reduction in production in Indonesia and adverse weather. Conditions in Brazil. ~ 60 > in Vietnam, prolonged drought led to a decrease in coffee production by 20 percent, and export was reduced by 10 percent of the second year in a row. A similar situation was observed in Indonesia, where excess precipitation in April-May 2023 damaged coffee berries, causing a drop in production by 16.5 percent in annual terms, and exports decreased by 23 percent. 62 ~ 60 > 62 > 62 > 62 > 62 > 62 > 62 > 62 > 62 > 62In Brazil, hot and dry weather led to a revision of coffee production forecasts towards a decrease: instead of the expected growth of 5.5 percent, the forecast now indicates a reduction by 1.6 percent. ~ 60 >~ 60 > growth of transport costs still One factor in the growth of world prices for coffee was an increase in transport costs. ~ 60 > preliminary data show that in December 2024, the growth of world prices led to an increase in the consumer value of coffee in the United States by 6.6 percent and in the European Union by 3.75 percent compared to the same period 2023 years. “High prices should become an incentive for increasing investment in technology, research and development in the coffee sector, which largely depends on small farmers. This will help increase resistance to climatic changes, ”said Bubaker Ben-Belhassen, director of the FAO market and trade department. He added that climate change has a long-term effect on coffee production. 60 > FAO supports many coffee manufacturers, helping farmers use methods resistant to climate change, which also contribute to restoration Biodegeneity. ~ 60 > organization emphasizes the importance of market transparency and calls for cooperation all participants in the production and dosteen chain to maintain steady growth of the global coffee sector and protect the livelihood of millions of small ones Manufacturers. 60 ~ h2 > key facts about the production and sale of coffee ~ 60 > Brazil and Vietnam together they produce almost half of the global volume of coffee. small small Farmers play a key role in the coffee industry, providing 80 percent of world production. ~ 60 > global coffee production is estimated at more than 20 billion dollars per year. 62 ~~ 60 > total coffee trade is more dollars per year. ~ 60 > in 2023 the volume of world production of coffee reached 11 million tons. in 2023 coffee exports amounted to 33.8 percent of the commodity export of Ethiopia, 22.6 percentage of 22.6 percentage – Burundi and 15.4 percent – uganda. 60 ~ p > in 2023 the largest importers of coffee in the world were the European Union and the USA. ~ 60 > 60 > global coffee industry earn more than 200 billion dollars in dollars in year.

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