2013-01-04 17:05:37.370 GMT By Marvin G. Perez and Isis AlmeidaJan. 4 (Bloomberg) — Production will drop to 1.648m bags in the year that began Oct. 1, down 9.8% from yr earlier, the Costa Rican Coffee Institute, or Icafe, said in e-mailed statement. * Icafe’s previous estimate was 1.714m bags * Crop hurt by coffee leaf rust, […]
Monthly Coffee Market Report – December 2012 Coffee prices underwent further downward corrections in December 2012, with the monthly average of the ICO composite indicator price falling by 3.7% to 131.31 US cents/lb, compared to a level of 188.90 US cents/lb at the beginning of the calendar year.More
08/01/2013 Robusta Coffee Gains as Investors May Be Buying; Cocoa Retreats BLOOMBERG (USA) Robusta coffee extended gains in London, rising for a sixth day, on speculation investors are increasing bets on higher prices at a time when farmers in top- grower Vietnam are in no rush to sell. Cocoa slid. Money managers boosted […]
2012-12-31 10:16:20.240 GMT By Isis Almeida Dec. 31 (Bloomberg) — Rain will reach Espirito Santo after Jan. 5, Sao Paulo-based weather forecaster Somar Meteorologia says in a report e-mailed today. * The Zona da Mata region of Minas Gerais, Brazil’s biggest arabica-producing state, will also get wet weather * Rainfall coming after more than 30 days of […]
2013-01-01 10:54:11.578 GMT Jan. 1 (PTI) — India’s coffee exports declined by 17 per cent to 47,159 tonnes in the first quarter of current coffee year, latest Coffee Board data said.The country had exported 56,499 tonnes of the brew in the October-December of 2011-12 coffee year (October-September).Export earnings from coffee shipments fell by 16 per […]
2013-01-02 08:24:28.701 GMT By Yoga RusmanaJan. 2 (Bloomberg) — Coffee shipments from Indonesia’s southern Sumatra, the main growing region in the world’s third- largest robusta producer, fell in December to the lowest level in three months as farmers held back sales because of low prices.Exports from Lampung, Bengkulu and South Sumatra provinces declined 36 percent to 19,071 metric tons […]
31/12/2012 Coffee Falls as Stockpiles, Vietnamese Exports Rise; Cocoa Gains BLOOMBERG (USA) Robusta coffee fell for the first time in seven sessions in London as exchange-monitored stockpiles advanced and exports from top grower Vietnam are set to jump this year. Cocoa advanced. Robusta coffee stockpiles with a valid grading certificate in warehouses monitored […]
28/12/2012 Brazilian Coffee Producers Slowing Sales Further Due to Holidays BLOOMBERG (USA) Coffee growers in Brazil, the world’s largest producer, have further slowed sales because of the end-of-year holidays, according to Cazarini Trading Co. Brazilian producers have been holding back beans this year as arabica coffee futures on ICE Futures U.S. in New […]
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04/12/2012 BLOOMBERG (USA) Record coffee harvests in Brazil, the biggest grower, are compounding a global glut of arabica used by Starbucks Corp. (SBUX) and Dunkin’ Donuts Inc. Brazilian farmers will reap 50.8 million bags in 2013, a record for a so-called low-crop season, according to the median of nine analyst estimates compiled by Bloomberg. […]
21/11/2012 Two words seen increasingly frequently on the labels of coffee products are “sustainably grown”. They reflect the demands of ethical consumers and the buying practices of large companies, which are keen to meet this demand with coffee that has “credentials”. But they also represent something else – a big opportunity for smallholder farmers. Given […]
22/10/2012 Vietnam Coffee Discount Seen Narrowing on Lower Bean Supplies BLOOMBERG (USA) Buyers of coffee from Vietnam, the world’s biggest producer of the robusta variety, are getting a smaller discount for their beans due to reduced supplies and lower futures prices, according to Volcafe Ltd. Vietnamese beans for shipment in November and December […]
Brazilian Coffee Farmers Losing Game of Chicken THE WALL STREET JOURNAL (USA) Brazilian coffee farmers this season have been holding out on selling their beans, waiting for higher prices. They seem to be losing that game of chicken. Front-month arabica-coffee futures fell to a more than one-month low in intraday trade to $1.6410 a […]
BLOOMBERG (USA) Coffee production in Mexico will increase as much as 20 percent in the next harvest to 5.16 million bags, the country’s growers association said. Output will rise from 4.3 million in the current season, Rene Avila, head of operations at the association known as Amecafe, said today in a telephone interview from […]
17/09/2012 Indonesian Coffee Deliveries Rise as Growers Harvest 85% of Crop BLOOMBERG (USA) Coffee deliveries from farms in Indonesia, the world’s third biggest robusta producer, increased this week as growers there have harvested about 85 percent of this year’s crop, according to Volcafe Ltd. Coffee arrivals were about 6,500 to 7,500 metric tons, […]