By Isis Almeida – May 3, 2013 Coffee producers in Brazil, the world’s largest grower, are holding back beans on speculation the government will raise the minimum price for the commodity, according to Rio de Janeiro-based Flavour Coffee. The Agriculture Ministry planned to announce a new benchmark in Brasilia yesterday and then canceled. The minimum […]
29/04/2013 Coffee Falls to Lowest Since January on Supply View; Sugar Rises BLOOMBERG (USA) Robusta coffee fell in London to the lowest since January as bearish technical indicators added to speculation supplies are ample in Vietnam, the world’s biggest grower of the variety, and Indonesia. Sugar rose. The 2013-14 harvest in Indonesia, the […]
23/04/2013 Commodities: Against the grain FINANCIAL TIMES (UK) Each petrol pump has a dual identity at Neal Hoff’s convenience store. One side bears the familiar shield logo of Phillips 66, the oil refiner. The other side, which dispenses petrol mixed with 15 per cent or more ethanol, carries a bright red warning: “Not […]
12/04/2013 THE WASHINGTON POST (USA) Chinese businesses from rural poultry farms to the luxury Shanghai Four Seasons hotel are beginning to feel the impact of a bird flu outbreak that has killed nine people. Taobao Marketplace, the e-commerce platform of the Alibaba Internet group, confirmed that as of Wednesday it had banned online trading […]
By Isis Almeida & Mario Sergio Lima – Mar 6, 2013 Brazil may soon raise the minimum price for coffee beans as part of a series of measures being discussed to support growers in the world’s biggest coffee producer and exporter, according to the Agriculture Ministry. Officials will consider a price proposal next week as […]
27/03/2013 Coffee Futures Fall in London on Ample Supply; Cocoa Advances BLOOMBERG (USA) Coffee futures fell in London and were little changed in New York on signs that world supplies will be sufficient amid rising exports from Vietnam and ample output in Brazil. Cocoa gained. Coffee shipments from Vietnam, the biggest producer of […]
18/03/2013 India’s Taste for Coffee to Affect Bean Prices THE WALL STREET JOURNAL (USA) “I used to drink tea every day. But, these days, after the arrival of coffee retail outlets, I am going to those places to have a cup of coffee,” says Jovinson Duarte, a 29-year-old brand service manager at an […]
Vietnam Coffee Harvest May Drop 30% on Drought, Vicofa Says BLOOMBERG (USA) The coffee harvest in Vietnam, the biggest grower of robusta beans used by Nestle SA (NESN) in instant drinks, may decline for second year because of drought in the main growing regions, according to a producers’ group. Output may drop 30 percent […]
11/03/2013 Coffee Capped on Low Roaster Inventory as Brazil Delivery Starts BLOOMBERG (USA) Coffee prices are set to stay low as roasters are buying less than usual, rules allowing Brazilian coffee to be delivered in New York come into force and a record global crop compensates for leaf rust losses in Central America. […]
11/03/2013 Colombia’s cafeteros end strike FINANCIAL TIMES (UK) Colombia’s coffee tastes sweeter, once again. On Friday, the country’s cafeteros – or coffee growers- and the government finally came to an agreement that puts an end to a strike that has left several people wounded. For almost two weeks coffee growers staged protests and […]
06/03/2013 L’affaire de la viande de cheval conforte les adeptes d’une alimentation sans animaux LE MONDE (FRANCE) C’est un restaurant du quartier de la Bastille, à Paris. Le Gentle Gourmet Café a ouvert en mai 2012 et propose à la carte “blanquette”, “burger” ou “fondue”. Mais c’est aussi un établissement “100 % végan”, […]
28/02/2013 Coffee Exports From Indonesia Dropping Even With Record Crop BLOOMBERG (USA) Coffee exports from Indonesia, the third-largest grower of robusta beans used in instant drinks, are set to decline to a two-year low as increasing domestic consumption erodes supplies from a record harvest. Shipments will total 450,000 metric tons in the 12 […]
London (27 February, 2013) – The Executive Director of the International CoffeeOrganization (ICO), Mr Robério Oliveira Silva, today released the following statement withrespect to the strike by coffee growers in Colombia, who are asking for more governmentassistance to protect them against falling coffee prices and more competitive exchangerates. The February ICO average composite indicator price […]
September 9, 2012 Local coffee growers and exporters were told to take a serious look at China’s increasing coffee consumption — projected to be a $50-billion industry by 2020. “While before, its people only drink four cups of coffee a year, China now consumes US$11.1 billion worth of the beans, nine cups of which are […]
China Daily, November 26, 2012 A woman picking beans at a coffee farm in Pu’er, in Southwest China’s Yunnan province. Global giants such as Nestle, Starbucks, Kraft Food and Maxwell Coffee are buying coffee beans in Yunnan. [China Daily] Southwest China’s Yunnan province, a place renowned for its beautiful old towns, scenery, tea and […]