Introduction:This article compiles the reference trading prices for Arabica coffee beans published by the Chongqing Coffee Exchange in July 2017, as well as the futures market data from the Intercontinental Exchange (ICE), and analyzes their specifications and quality standards. In addition to price information, it also recommends several brands that received positive market feedback, serving as a reference for consumers in Taiwan and Hong Kong-Macao regions who wish to understand the market conditions at the time and seek high-cost-performance Arabica coffee beans.
Many coffee enthusiasts, when selecting Arabica coffee beans, pay attention not only to flavor performance but also to the prevailing market prices and brand reputation. This article will organize the reference prices for Arabica coffee beans released by the Chongqing Coffee Exchange in July 2017, while also incorporating the futures prices from the Intercontinental Exchange (ICE) at the time, along with the basis for currency conversion, to give you a more comprehensive understanding of the market dynamics back then.
According to the data published by the Chongqing Coffee Exchange on July 25, 2017, the reference price for Arabica coffee beans at the time was 18.01 RMB per kilogram, with the delivery location being Kunming. This price was based on certain quality specifications, including bean size, moisture content, defect rate, and foreign matter content, ensuring a basic level of quality.
In terms of bean specifications, it was required that 100% of the beans be of 13 mesh size or larger, no less than 95% of the beans be 14 mesh or larger, and at least 65% be 16 mesh or larger. Additionally, the moisture content must not exceed 12%, the overall defect rate had to be controlled within 8%, and the foreign matter content must be below 0.25%. These standards help maintain the consistency of coffee flavor and extraction performance.
Regarding packaging, the data suggested a single bag size of either 70 kilograms or 60 kilograms, though actual packaging may vary slightly depending on the supplier, and consumers can choose according to their own needs. The cupping evaluation was marked as “pure,” indicating a clean and refreshing flavor without noticeable off-flavors.
If you wish to understand the international market situation, the futures quotes from the Intercontinental Exchange on July 24, 2017, are also of reference value. On that day, the September 2017 contract for Arabica (COFFEE C ® FUTURES) was quoted at 19.71 RMB per kilogram (equivalent to 1.3255 USD per pound), while the November contract was 20.24 RMB per kilogram (approximately 1.3615 USD per pound). In contrast, the September 2017 contract for Robusta (ROBUSTA COFFEE FUTURES) was quoted at 14.20 RMB per kilogram (approximately 2103 USD per ton).
The above prices were converted using the central exchange rate of 1 USD to 6.7488 RMB, and based on the conversion rate of 1 pound equaling 0.45359 kilograms. All figures were rounded according to standard rules, with the final results kept to two decimal places.
Overall, the market price of Arabica coffee beans in July 2017 was relatively stable. For businesses and individuals looking to import or make bulk purchases at the time, this information held practical reference value. For general consumers, understanding these basic market conditions also helps in assessing the reasonable price range of commercially available products.
In terms of brand recommendations, a certain brand’s coffee beans were quite popular among coffee enthusiasts at the time. Known for its stable product quality and good consumer reputation, the brand offered both single-origin beans suitable for pour over and blended beans suitable for espresso machines, all showcasing clear and layered flavor characteristics. It became one of the go-to choices for many entry-level and advanced coffee enthusiasts.
In summary, the Arabica coffee beans of July 2017 provided rich market information in terms of pricing, quality specifications, and international futures market performance. For consumers in Taiwan and the Hong Kong-Macao regions, these data not only help in understanding the market context at the time but also serve as a reference for future purchasing decisions or price comparisons.
The above content is compiled by CoffeeHunters, a coffee news website.
