Entries by skyesser

Dock workers at Brazil’s Santos Port say to strike on Wednesday

Dock workers at Brazil’s Santos Port say to strike on Wednesday – RTRS 09-Jul-2013 10:35 Likely to affect containers more than bulk cargo Workers object to private terminal’s hiring practices SAO PAULO, July 9 (Reuters) – Dock workers at Brazil’s key shipping port of Santos, the largest in South America, are planning a 24-hour strike […]

Growing Coffee in Asia’s poorest nation

Asia’s smallest, youngest and poorest nation is defined by post-independence violence and oil reserves but coffee there represents the great hope. Coffee accounts for 90 percent of the country’s non-oil exports, while 46 percent of East Timorese households rely solely on coffee for their income The crop has grown in the country for centuries. It […]

ICO composite price falls to 2010 levels

Posted on Tuesday 18th, June 2013. Coffee prices declined further in May 2013, causing the International Coffee Organisation (ICO) composite indicator price to fall to 126.96 US cents/lb, its lowest monthly average since April 2010. The significant reductions in Arabica prices are having a negative effect on revenue for coffee producers, the ICO says in its May […]

Costa Rica will lose at least 18% of its coffee harvest to coffee rust

How coffee rust gets its name – this is a coffee leaf infected with the fungus. June 12th, 2013 (InsideCostaRica.com) Deputy Minster of Agriculture, Xinia Chaves said in a press conference yesterday that the latest forecasts indicate that Costa Rica will lose at least 18% of its coffee harvest to the fungus known as “coffee […]

Lower discounts, but meanwhile…

COFFEE General Comments: Futures were lower again on what appeared to be speculative selling tied to big production ideas from Brazil as the harvest has started. Brazil weather remains mostly dry, but some areas could see showers later this week, which would be beneficial to trees. Dry weather helps harvest progress. Trends have turned down […]

Brazil Exporters Seek Lower Coffee Discount on ICE Futures

Brazil coffee exporters want better treatment for their beans from one of the world’s biggest commodities exchanges. The Council of Brazilian Coffee Exporters, known as CeCafe, said Tuesday it plans to petition IntercontinentalExchange to reduce the discount applied to Brazilian coffee beans at the ICE Futures U.S. exchange, where benchmark futures for arabica coffee trade. […]

Silver coffee pot could set $6 million record at auction

LONDON (Reuters) – An 18th century silver Rococo coffee pot is expected to become the most valuable piece of English silver ever sold at auction when it goes up for sale in July, auction house Christie’s said. The ornate George II pot made in 1738 by one of the greatest silversmiths of his day, Paul […]

Coffee Fungus Spurs Central America Migration Plans: Jobs

By Anna Edgerton, Adam Williams & Marvin G. Perez – Apr 22, 2013 9:00 PM PT Coffee picker Hector Gonzalez says he feels personal pain as he watches leaves stripped off plants from a fungus infecting 70 percent of the crop on the Salvadoran farm where he works. “The hurt of losing this work is […]

Price forecasts for arabica coffee futures in New York, lowered

April 23 (Bloomberg) — Goldman Sachs Group Inc. lowered its price forecasts for arabica coffee futures in New York, citing an improving production outlook in leading grower Brazil. Prices will be at $1.45 a pound in three, six and 12 months, the bank said in a report e-mailed today. That is down from previous forecasts […]