International coffee deals will have "Chinese prices"

In the future, there will be "Chinese prices"
in international coffee transactions.
During the 5th CIIE, the international coffee trade platform under the Shanghai Port Hongqiao Coffee Trade Platform was officially launched
.
After the release of the international coffee trade platform, it will become the first cross-border trading platform for coffee bulk in China, through which domestic and foreign coffee enterprises can realize direct procurement of global coffee, shorten trade circulation, improve trade efficiency and save trade costs
.

Promoting the integration of China's coffee market with the world Officially launched in December 2021, Shanghai Port Hongqiao Coffee Trading Platform is an integrated service provider
for the development of China's coffee industry with a variety of transaction modes such as information center, delisting transaction, innovative transaction, as well as third-party supporting services such as smart warehousing and supply chain financial services.

Up to now, there are more than 600 registered coffee enterprises on the platform, and under the background of the continuous growth and prosperity of domestic trade, Shanghai Port Hongqiao Coffee Trade Platform launched the first international coffee trade platform in China to promote the integration of China's coffee market with the global coffee market
.

China has become one of the world's largest emerging coffee consumers and is growing
rapidly at a compound annual growth rate of 15%-25%.
By the end of 2025, the size of China's coffee consumption market is expected to reach 200 billion yuan, becoming one of
the industries with the most development potential in China.

According to the research report of China's coffee market, China's coffee imports have grown rapidly
in recent years.
Among them, China's coffee bean imports in 2021 were 122,700 tons, worth 526 million US dollars
.
The relevant person in charge of Shanghai Port Hongqiao Coffee Co.
, Ltd.
introduced that the international coffee trade is in full swing, but its related service facilities can not keep pace with the times, in this context, the international coffee trade platform came into being
.

It is understood that the international coffee trade platform is supported and established by the Shanghai Municipal Council for the Promotion of International Trade and the Coffee Professional Committee of the Shanghai Chamber of International Commerce, and the platform currently has trading, logistics, warehousing sectors, supply chain finance, and cross-border trade
.
Through the online trading platform, online cross-border payment function and logistics warehousing and cross-border trade business deployed overseas, the international coffee trade is online, standardized and internationalized
.

Among them, transaction service is one of the main services of international coffee trade, on the international coffee trade platform, domestic and foreign coffee enterprises through the platform to achieve global coffee direct procurement, shorten trade circulation, improve trade efficiency, save transaction costs
.
In terms of warehousing services, the platform has set up warehouses in 9 cities including Shanghai and Suzhou, and overseas warehouses in Ho Chi Minh City in Vietnam, Phongsari in Laos and Djibouti to solve the warehousing problem
in coffee transactions in Southeast Asia and Africa.

Logistics services are provided by the platform and SF Express cooperation
.
The supply chain finance business has launched the procurement and warehouse receipt pledge business to solve the financing problems faced by enterprises and promote the better and faster development
of the industry.
Cross-border trade business connects the Chinese coffee market with the global coffee market, and promotes the integration of Chinese coffee enterprises into the
global market.

International coffee transactions should have "Chinese prices" According to reports, the development and construction of the international coffee trade platform will combine the needs of the international and domestic coffee trade industry, integrate into the overall situation of Shanghai to achieve the construction goal of the international trade center, with the construction of a professional coffee industry chain service platform as the main purpose, invite relevant government departments, officials of major coffee-producing countries, key enterprises at home and abroad, key regions, important platforms and related institutions to participate in the meeting
.

At present, the first overseas office of the international coffee trade platform has been set up in Singapore, and the first overseas warehouse has been launched
in Ho Chi Minh City, Vietnam.
According to the company, the next step is to promote international trade in coffee by setting up overseas offices and overseas
warehouses.

In the past, international coffee trading and coffee indexes lacked the pricing power of "Chinese price", which made Chinese enterprises passively suffer losses
in international coffee trade 。 "After the launch of the international coffee trading platform, first of all, we continuously optimized the construction of the platform through technical means, developed more trading functions to facilitate international coffee trading, and expanded the breadth of coffee trading; Secondly, the platform will improve the derivative services of coffee trading and lay out warehousing and logistics networks in important coffee-producing areas around the world; Thirdly, the coffee industry complex project launched to create a new offline coffee industry complex, a coffee industry complex integrating coffee trade, bonded processing, industry activities, quality inspection and training, warehousing and roasting, business incubation and supporting business services
.
The relevant person in charge of Shanghai Port Hongqiao Coffee Co.
, Ltd.
said that the platform continues to attract overseas coffee traders to enter the international coffee trade platform by setting up overseas offices, and enhance the popularity and vitality
of the platform.

(Rong Changchun)

China Food News(November 28, 2022, Version 07)

(Responsible editor: Wang Jiayi)