Jan. 30 (Bloomberg) — Brazil’s share of the global coffee market may fall as much as 5 percentage points to 35 percent as suppliers withhold stocks and seek above-market prices, Ricardo Tristao of brokerage Tristao Cia. de Comercio Exterior said. Arabica coffee from Brazil is trading at about a 15-cent premium relative to New York […]
Tanzania cut its coffee production forecast for the 2011-12 season 18 percent after a drought reduced yields, the Tanzania Coffee Board said. Production for this marketing season, which started on July 1 and ends on June 30, may fall to 37,000 metric tons from an earlier forecast of 45,000 tons, Adolph Kumburu, the board’s director […]
The relatively weak response of the coffee market to another poor year for Colombian coffee production looks a sign that the weak start of the year for bean prices looks set to continue. The drop in Colombian coffee output to 7.8m bags – the lowest in more than 30 years, and well below growers’ initial […]
The newly developed five coffee seed varieties may revive the ailing crop in the regions of Arusha and Kilimanjaro where it once thrived. An official statement from the Ministry of Agriculture indicates that all new coffee seed varieties are of the Arabica form, the type mostly grown in the Northern Zone as opposed to Robusta […]
Rwanda is gaining a worldwide reputation for its bourbon and other specialty coffee, a crop grown in the country’s rich volcanic soils. Specialty coffee comprises almost one-third of Rwanda’s agricultural exports. But a sizable portion of the crop is being compromised by a defect called “potato taste.” There is growing evidence that potato taste may […]
Arabica coffee prices – what does 2012 hold? By Agrimoney.com – Published 28/12/2011 Arabica coffee, as traded in New York, is on track to fall some 8% in 2011, a better performance than managed by most other soft commodities, but a poor result compared with the rise of more than 75% in 2010. Besides the […]
A prolonged spell of dry weather has led to a scaling back of coffee crop estimates for top producer Brazil. The consensus amongst international coffee trade houses for Brazil’s coming 2012/13 crop is around 55 million to 58 million 60-kg bags, down from previous expectations in excess of 60 million.”It’s unquestionable that numbers have been […]
Arabica coffee futures ended higher Monday as the market rebounded after touching a 1-year low, with the rest of the softs complex dawdling in modest business as players’ focus seemed to be slipping away ahead of the year-end holidays. Volume traded on ICE Futures US soft commodity markets were all averaging over 40 percent below […]
Coffee farmers across the country are losing millions of shillings through theft of the crop from farms and factories. Cartels are exploiting the sharp rise in prices on the international market to make a killing. In Central and Eastern, stolen coffee is sold to private millers but in Nyanza and Western, the crop is being […]
By Wondwossen Mezlekia December 5, 2011 The Government of Ethiopia has recently issued yet another directive that is filled with ambiguity and disregard to proper implementation of trade policies that affect everyone in the logistics supply chain. The story was first broken by Sprudge last week in the article “An End to Lot Separation In […]