PCHome Online (China) reported on how coffee’s supply and demand has coped during COVID-19. According to the International Coffee Organization (ICO) and IFPRI reports, Volatile coffee prices: Covid-19 and market fundamentals, the price of coffee beans has experienced multiple surges and dramatic fluctuations in the past three months. The New Coronary Pneumonia epidemic has further exacerbated the volatility phenomenon, calling it an “unprecedented supply and demand shock” and having a major impact on 25 million coffee producers and farmers worldwide. Republished in Yahoo News Taiwan.
The epidemic has brought an unprecedented supply and demand shock to the coffee industry! Global 25 million coffee producers affected, US and Canada Starbucks will close 400 stores (PCHome)
June 15, 2020