More lucrative than growing tea, coffee enjoys a new popularity among China’s younger generation with a thirst for Starbucks and Nestle. December 29, 2012 |By David Pierson, Los Angeles Times Fu Xiafeng harvests red coffee berries at a plantation. Farmers are finding… (David Pierson, Los Angeles…) PU’ER, China — This remote southwestern city near the […]
18/02/2013 Bean Buildup Sends Coffee to Nine-Week Low THE WALL STREET JOURNAL (USA) Arabica-coffee futures fell to their lowest price in nearly nine weeks, as a buildup of the beans at exchange-certified warehouses overshadowed concerns about a plant-disease outbreak in Central America. Coffee for delivery in March on the ICE Futures U.S. exchange […]
The world is drinking more coffee, but it’s the cheaper, nastier kind By Jacob Albert — February 8, 2013 As arabica and robusta converge in price, will anyone but connoisseurs still know the difference? AP Photo/Eric Risberg As their spending power increases, the world’s expanding middle classes are drinking more coffee. Consumption has increased dramatically […]
WSJ.com’s inside look at the markets February 8, 2013, 2:26 PM By Leslie Josephs Move over, arabica. It’s robusta’s time to shine. A bean considered so bitter that one country outlawed its cultivation is gaining popularity thanks to price-conscious consumers in developed coffee markets like in Europe and the U.S. and emerging ones like Brazil […]
11/02/2013 Robusta Coffee Climbs to Four-Month High on Vietnam; Sugar Gains BLOOMBERG (USA) Robusta coffee, used in instant drinks and espresso, climbed to the highest level in more than four months in London as selling from Vietnam, the variety’s biggest grower, slowed ahead of the Lunar New Year. Sugar rose. Vietnamese farmers, who […]
11/02/2013 Robusta’s Moment in the Sun THE WALL STREET JOURNAL (USA) Move over, arabica. It’s robusta’s time to shine. A bean considered so bitter that one country outlawed its cultivation is gaining popularity thanks to price-conscious consumers in developed coffee markets like in Europe and the U.S. and emerging ones like Brazil and […]
08/02/2013 Coffee Demand Shifts Down-Market THE WALL STREET JOURNAL (USA) The lowly robusta bean, a variety that often winds up in Nestlé SA’s NESN.VX +0.55% Nescafé and other instant coffees, is moving up in the world. Prices of robusta coffee beans are up 13% in the past year because of rising global demand, […]
25/01/2013 Coffee Leaf Rust Threatens Production in Central America BLOOMBERG (USA) Coffee output in Central America and Mexico may tumble as a disease affecting foliage spreads, prompting governments to take emergency measures to protect farms responsible for 14 percent of global production. Guatemala, Central America’s second-biggest coffee grower, may lose a third of […]
25/01/2013 Brazil’s Arabica Coffee Discount Narrows as ICE Futures Tumble BLOOMBERG (USA) Buyers of arabica coffee from Brazil, the world’s largest producer, are getting a smaller discount for their beans as sales slowed after futures tumbled. Arabica of good-cup quality traded at a discount of 19 cents a pound to the price on […]
* Arabica futures seen rising around 15 pct in 2013* Roya disease is risk to output going forward By Sarah McFarlane LONDON, Jan 23 (Reuters) – Arabica coffee prices are expected to stage a modest recovery in 2013 after suffering some of the greatest losses amongst commodities in 2012, a Reuters poll of 20 analysts […]
18/01/2013 Coffee farmers struggle to curb roya outbreak in Central America REUTERS (UK) Central American farmers who produce some of the world’s most sought-after coffee beans are grappling with the re-emergence of a merciless old foe: a tree-killing fungus spread by the wind. Aggressive outbreaks of the blight known as roya have hit […]
14/01/2013 BLOOMBERG (USA) Coffee growers in Brazil, the world’s largest producer, may increase sales if there’s a “big movement” in prices up or down on ICE Futures U.S. in New York, Cazarini Trading Co., a broker in Varginha, Brazil, said. Growers will probably sell if prices are up at $1.55 to $1.60 a pound […]
14/01/2013 Vietnam Coffee Trade Slows on Liffe With 35% to 40% of Crop Sold BLOOMBERG (USA) Coffee sales from farmers in Vietnam, the world’s largest producer of the robusta variety, slowed by mid-week after futures fell, according to Volcafe, a unit of commodities trader ED&F Man Holdings Ltd. Robusta traded on NSYE Liffe […]
2013-01-10 13:09:55.636 GMT By Marvin G. Perez Jan. 10 (Bloomberg) — In yr started Oct. 1, production may reach 1.23 million bags, below the initial forecast of 1.53 million projected at start of season, Luis Osorio, technical manager at the National Coffee Council, or Conacafe, said yesterday by telephone from Managua. * Strong rains during harvest prevented effective fertilization […]
2013-01-07 15:11:39.435 GMT By Marvin G. Perez Jan. 7 (Bloomberg) — In yr started Oct. 1, exportable production will be 3.143m bags, down from 3.5m bags estimated last month, Nils Leporowski, the president of the National Coffee Association, or Anacafe, said today in a telephone interview from Guatemala City. * Coffee leaf rust has been worse than expected and […]