Robusta continues to rise in the world market

Coffee prices today (July 27) on the world market increased. Of which, robusta coffee prices increased by 0.42% to 2,639 USD/ton.

Update world coffee prices

According to records, coffee prices on the world market increased. Specifically, the online price of robusta coffee in London for delivery in September 2023 was recorded at 2,639 USD/ton after increasing by 0.42% (equivalent to 11 USD).

The price of Arabica coffee for September 2023 delivery in New York was at 163.15 US cents/pound after increasing 0.8% (equivalent to 1.3 US cents) at the time of survey at 6:15 (Vietnam time).

A new study published by the Fairtrade Foundation warns that 93% of Fairtrade coffee farmers surveyed in a pilot study in Kenya have experienced climate change, including more erratic rainfall and an increase in pests and diseases.

The Fairtrade Foundation and Fairtrade Africa have completed this pilot study to capture the impact of climate change on coffee production and the steps farmers are taking to adapt to rising global temperatures.

The study included testimony from farmers collected through Fairtrade’s mobile phone reporting project, FairVoice. It highlighted farmers producing arabica coffee varieties, which are grown for enhanced flavour and are particularly sensitive to changes in average temperatures compared to the more heat-tolerant robusta.

Fairtrade provides programmes and training to producers to enable them to use the latest agricultural methods, and 90% of coffee farmers surveyed reported adopting new farming strategies. Through new farming methods, farmers are also increasing biodiversity, which improves the long-term sustainability of their businesses and livelihoods.

According to the study, 72% of farmers said the price they receive for Fairtrade coffee allows them to invest in their farms to prepare for climate change.

Farmers in three surveyed cooperatives reported using the Fairtrad Minimum Price to invest in climate resilience on their farms, including environmentally friendly water and pest management, planting shade trees and diversifying their incomes to improve their economic resilience.

Despite the challenges posed by climate change, farmer optimism about the future of the coffee industry is generally high, with 80% of farmers saying they feel prepared to face the impacts of climate change.

Fairtrade believes that future research following the increase in the Fairtrade Minimum Price for coffee in 2023 would be useful to understand the extent to which the price increase further supports farmers in adapting to climate change, Global Coffee Report.

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