Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the week.
Coffee prices have remained high yet fairly stable for the past few weeks, and ongoing market updates indicate that this won’t change for some time. As Brazil’s Cecafé reports record green coffee exports for September 2024, industry analysts predict that Vietnam’s 2024/25 production volumes will fall by up to 10%. Shortly after, arabica and robusta prices rose to their highest levels in two weeks. Both countries have huge influence over the global coffee market, so we can expect price volatility to continue.
Against a backdrop of high coffee prices, on Thursday 17 October, the inaugural PRF: Farm Summit began in Santander, Colombia. With a focus on regenerative and organic farming, this new event format empowers producers to control production costs, minimise environmental impact, and connect with traders and roasters to build lasting partnerships.
Even with record market prices, many producers still aren’t turning a profit, especially in the long term. To address these issues directly, Farm Summit will discuss more holistic options for producers to actively assert ownership over their own supply chains, prioritise practical solutions, and retain more value.
Photo credits: Producer Roaster Forum
Want to keep up with current affairs in the coffee industry? Check out last week’s coffee news stories and make sure to read the latest Coffee Intelligence News & Opinion piece on how Alupak’s acquisition hints at the future of coffee capsules and convenience.
Passionate about music and coffee, not necessarily in that order. He has been writing about both, and many other things, since 2005.
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