Coffee exports are expected to reach an estimated 2.9 billion USD in the first five months of this year, representing a rise of 43.9% over the same period last year on rising prices despite a drop of 3.9% in volume to 833,000 tonnes, according to the Ministry of Agriculture and Rural Development.
As production grows, demand for the red metal will continue to rise in the future while limited supply is forecast to fall short of demand in the coming years.
Cocoa futures in both
London and New York set record highs on Thursday as the market
continued its relentless rally fuelled by a supply shortage. Robusta coffee rose to a 16-year peak. -April 11, 2024 at 02:46 pm EDT
- MarketScreener
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