Yunnan coffee producer set to brew up global interest

An upcoming spot trading center in Chongqing will provide the much-needed impetus for the coffee industry in China to gain global traction along with a boost from the Belt and Road Initiative.

Yunnan-based coffee producer Dehong Hogood Coffee Co Ltd, the company that is setting up the center, said the center will boost trade with countries on the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

Li Xiaoling, general manager of Chongqing Energy International (Hong Kong) Co Ltd, the second-largest shareholder of Hogood Coffee, said: "We are hopeful of setting up the center by the end of this year. We expect spot transactions of coffee at the center to range from 100,000 tons to 200,000 tons in 2016."