October 29, 2014
Global coffee giants such as Volcafe and Nestle are watching the Chinese coffee industry carefully and Volcafe, one of the world’s top three coffee traders with volumes over 12 million bags annually, has established a joint venture with China’s Simao Arabicasm Coffee Company to source and ship Chinese-produced coffee beans. Currently China’s coffee consumption is low at 1.65 million bags per year as of the 2013/14 season– less than 7% of U.S. consumption according to the U.S. Department of Agriculture (USDA), but consumption rates are increasing quickly and are expected to soon hit 1.8 million bags per year. These projections for increased consumption should have little effect on China’s ability to export beans however as China’s consumers have proven to favor robusta beans from Vietnam rather than the arabica beans it produces and which are favored in other markets. To read further:
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