Fatshimetrie, September 16, 2024 – International Arabica coffee markets have been the scene of significant fluctuations in recent weeks, marking an upward trend in recent days. Indeed, according to information provided by the National Mercuriales Commission of the Ministry of Foreign Trade, the price of a kilogram of Arabica coffee recorded an increase of 0.85%, from 4.68 US dollars the week of September 9 to 14 to 4.72 US dollars for the period from September 16 to 21, 2024.
This increase in the price of Arabica coffee comes in a context where other agricultural and forestry products have also experienced variations on international markets. Indeed, robusta coffee and cocoa have also seen their prices increase, while products such as papain, cinchona bark, totaquina powder, quinine and Rauwolfia salt have recorded price decreases. Only rubber remained stable.
These price fluctuations reflect supply and demand dynamics in international markets, as well as supply chain constraints. In the Democratic Republic of Congo, coffee production, concentrated in Lake Kivu province, has grown significantly since the end of the civil war, with approximately 11,000 coffee producers in the country producing Robusta and Arabica varieties.
Coffee remains an important economic pillar for many producing countries, including the DRC, and recent price fluctuations are likely to impact farmers and coffee sector stakeholders. It is therefore essential to closely monitor price developments and take into account the economic and political factors that influence the global coffee market.
In conclusion, price fluctuations for Arabica coffee and other agricultural and forestry products in international markets highlight the complexity and volatility of the global economy. It is therefore crucial for coffee industry players to remain vigilant and adapt to rapid market changes to ensure the sustainability and prosperity of this essential industry.