The latest global coffee price
The global price of Robusta coffee
The global price of Arabica coffee
Global coffee price review
ChatGPT said:
Over the past month, global green coffee bean prices have experienced significant fluctuations. Arabica coffee, after posting gains earlier this year, entered a sharp downward trend and reached its lowest levels in recent weeks. The current price stands at approximately $3.0716 per pound, which remains lower than the previous month. However, there have been signs of a partial price recovery in recent days, though the overall trend for the past month remains downward.
A similar pattern is evident in the Robusta coffee market. Prices have generally been on a declining path in recent weeks, currently hovering around $3,414.70 per metric ton. While Robusta has also shown some mild recovery after consistent declines, short-term volatility in prices remains noticeable.
These recent fluctuations and price declines have been influenced by factors such as a relative improvement in supply from some producing regions, easing concerns about severe shortages, less critical weather conditions compared to previous months, and adjustments in global demand.
Comparison of Arabica coffee price to Robusta coffee price globally
ChatGPT said:
Global Arabica coffee price forecast
Given the recent fluctuations in the coffee market, analyses indicate that prices may experience mild short-term volatility due to factors such as weather conditions (El Niño/La Niña) and changes in supply in producing countries. The price of Arabica coffee, after a rapid rise, has now dropped to around $3.0127, while the price of Robusta has declined to the $3,700 range.
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Frequently Asked Questions about Coffee Prices
Arabica Coffee: Over the past month, the price of Arabica coffee declined from levels above $3.800 at the beginning of the month and has now stabilized around $3.071. This reflects a significant drop and a clear downward trend throughout the past month, although recent days have shown some signs of a partial recovery.
Robusta Coffee: Despite intermittent fluctuations, the price has fallen from around $4,000 to approximately $3,415. This gradual decline indicates continued supply pressure and weakening demand in the market, although prices have recently shown signs of relative stabilization.
Key factors include adverse weather conditions in major producing regions, ongoing geopolitical tensions affecting trade routes, and currency fluctuations impacting export profitability.
Producers of coffee-based products have faced higher raw material costs, which could lead to increased retail prices. Consumers might see a slight rise in coffee prices at cafés and supermarkets, prompting some to seek more cost-effective blends or alternative beverages.