Trade volume in the coffee trade rose in January to a record high of $16.1 billion, reflecting the strong demand for coffee in Australia and New Zealand.
The coffee market is a key export for Australia and is a top source of investment, particularly for small- and medium-sized businesses.
It is the biggest source of revenue for Australia’s major banks, which are involved in the global coffee trade.
On January 28, the value of the coffee traded in Australia was worth $16 billion, an increase of $1 billion over January 2014.
Coffee trade volumes were up $2.3 billion on the same day, up 7 per cent from January 2014, according to data from the Australian Coffee Association.
Trade volume in New Zealand was also up, at $11.7 billion, with coffee trading volumes up $1.8 billion.
Trade in the United States was down $1,500, or 0.8 per cent, on January 28 to $3.9 billion.