(Reuters) – The latest retreat in arabica coffee prices signals the tightly supplied coffee market is not running out of beans yet, but the outlook for sub-optimal harvests and faster consumption indicate that by next season it could come close. A tour of coffee areas in the world’s top arabica grower, Brazil, showed a good […]
NARANJO, Costa Rica—Coffee producers in the heart of this region that grows top-notch beans learned a tough lesson in 2001, the last time prices sank: Even gourmet coffee can leave a bitter taste. Many Costa Rican coffee producers were hit hard by price downturns over the last few years. Now they’re starting up side-businesses around […]
Rwanda’s coffee production may climb as much as 20 percent to 24,000 metric tons this year because of good weather and a high yield, the state-run National Agricultural Exports Board said. Output may rise from 20,000 tons last year, Robinah Uwera, the agency’s marketing director, said today by phone from Kigali, the capital. “This year […]
Coffee prices fell Friday on expectations that Brazilian growers will produce a bountiful harvest later this year. Coffee for May delivery fell 2.95 cents to finish at $1.8235 per pound. The price has fallen 19.3 percent this year on the prospect that global inventories could expand. Brazil’s crop appears to be in good condition, prompting […]
NEW YORK/LONDON, March 7 (Reuters) – Arabica coffee futures plunged on Wednesday to a 16-month low on investor liquidation and suspected producer sales as the market posted its biggest three-day fall in a month. The rest of the softs complex was mixed, with robusta coffee deriving support from the fact that growers in top robusta […]
ANTIGUA, Guatemala – North Americans and Europeans have enjoyed coffee from Ethiopia, Costa Rica and Vietnam, among others, in their local coffee shops for decades. Coffee is a culture – in the United States, sitcoms like “Friends” and “Seinfeld” were based in coffee shops. So it’s peculiar to walk into businesses in a coffee-producing country […]
BRANDON HILL, Jamaica (AP) – A few years ago in this mist-shrouded mountain town, steep slopes were quilted with some of the world’s most valuable coffee trees. Farmers scrambled to increase acreage and pickers painstakingly filled wooden boxes with ripened berries at harvest time. Today, much of the terrain is overgrown with underbrush and bamboo […]
Kenyan coffee prices rose 1.5 percent at an auction yesterday as the supply of beans declined, the Nairobi Coffee Exchange said. The average price for all the coffee sold rose to $284.67 for a 50-kilogram (110-pound) bag, from $280.34 a week earlier, the bourse said today by e-mail. The benchmark AA grade climbed 1 percent […]
CHICHIGALPA, Nicaragua — Jesus Ignacio Flores started working when he was 16, laboring long hours on construction sites and in the fields of his country’s biggest sugar plantation. Three years ago his kidneys started to fail and flooded his body with toxins. He became too weak to work, wracked by cramps, headaches and vomiting. On […]
THE Coffee Industry Development Office of Pu’er is located in the city’s Tea Industry Bureau building, its roof designed to look like a leaf of this city’s ubiquitous crop. It is also one of the rare offices in China where a government official will greet a visitor with a decent cup of coffee—even though the […]