GREEN BEAN COFFEE:

Brazil:

• Arabica exports are lagging due to farmer retention, but crop size is not an issue as supply will eventually flow.

• Favorable weather reduces risk premium.

• Producers are still holding back coffee, limiting liquidity short-term.

• Strong demand for Brazil and Robusta for Q2/Q3 deliveries.

Vietnam:

• New crop harvest nearly complete.

• Farmer retention and firm differentials support Robusta.

• Most stocks appear to be well covered for short-term.

Uganda:

• Most coffee operations will close the rest of the week in observance of national elections

• A few disruptions to supply chains are expected as cargo clearance will slow down

• Commercial activities are expected to resume the following week and continue throughout this period as normal.

Indonesia:

• Indonesia shipments delayed but expected soon more supply later.

• Several Sumatra regions remain isolated, and their coffee cannot be brought to market.

• The harvest outlook for the next 1-2 months is limited.

MARKET TREND

• Demand is strongest for Brazil medium to good bean and Robusta. Multiple buyers such as Mother Parker's, Regal, Magnum, Westrock, and Kraft seeking Q2/Q3 deliveries and nearby shipments. A recent increase in inquiries for washed mild coffees, with Duncan's, Black Rifle, and Javo for Q2/Q3 and year-end deliveries has been noticed.

• Honduras is expected to gain more business due to its competitive pricing compared to Colombia and Guatemala, as roasters with flexible baskets are likely to shift purchases.

• Recent speculative buying and technical may trigger higher prices.

Zhenjiang Heng Goodwill Food Co Ltd

Sabrina Shen

Phone(WhatsApp): +86 151 62996833