China to boost coffee imports as young professionals drink more

CHINA is increasing purchases of coffee from other countries to meet the growing demand from young professionals in Shanghai and Beijing.

Promotional efforts of Luckin Coffee, Nestle and Tim Hortons helped boost nation's consumption of the caffeinated drink about 45 per cent in the past 4 years. Still, many local farmers aren't satisfied with the profits they get from growing coffee and switch to other crops, according to a report from the US Department of Agriculture.

As a result, China's purchases of coffee from foreign sources are expected to grow 5 per cent this marketing year and Yunnan, a major China's coffee-producing province, may be considering programmes to increase farmer incomes and make coffee production more appealing, the USDA said.

Coffee consumption in China is likely to grow faster than in other countries. The average coffee consumer in China drinks 2 to 3 cups of joe per week. It's usually a person in their twenties or thirties, living in a large city, with higher education and income levels. For comparison, an average American coffee drinker has more than 3 cups a day. BLOOMBERG