- Colombia: The National Federation of Coffee Growers sets coffee prices based on New York Stock Exchange rates, exchange rates, and a national premium. As of June 2024, the benchmark price was 1,846,000 Colombian Pesos for 125 kg of coffee. Prices vary by location and quality, with three defect categories (chemical, fermentation, stale) affecting overall price.
- Brazil: Coffee exports surged 79.6% in May 2024, reaching 4.39 million bags, boosted by reduced Southeast Asian exports. However, logistical delays at ports in Santos and Rio are impacting efficiency, with 54% of shipments delayed in May. Negotiations are ongoing to resolve these bottlenecks.
- Ethiopia: Coffee exports reached $1.2 billion over 11 months, with growth despite upcoming challenges from the EU’s Deforestation-free Regulation starting December 2024. Ethiopia is diversifying markets and exploring reduced shipping rates to the Middle East and Asia to expand globally.
Global coffee markets face varying dynamics as Colombia stabilizes with regulated pricing, Brazil ramps up exports despite logistical issues, and Ethiopia adapts to regulatory changes.
For more insights, visit CropGPT.
