June 20th “Now that prices have broken though key support around USc253/lb, we feel that both technical and fundamental factors are pointing towards lower prices in the coming weeks. In terms of fundamental factors, the 2011/12 harvest in Brazil (which runs from May to August) is well underway and this will boost global coffee supply […]
The global demand for coffee keeps growing. Over the last 12 months the price has doubled but the demand still remains unsupplied. The rapid change of lifestyle in China and other developing Asian economies helps to increase the consumption of coffee. According to the International Coffee Organization, in 2010 the global consumption of coffee […]
The soaring price of coffee beans forced Shawn Hershberger, owner of Cafe 1320 in North Canton, Ohio, to create a new menu. “Our coffee just went up 40 cents a cup,” Hershberger said. Coffee prices have jumped repeatedly in the past 18 months. On May 24, the J.M. Smucker Company announced an average of 11 […]
Coffee growers in Minas Gerais, Brazil’s main arabica-producing state, have picked 25 percent of the planted area, according to weather forecaster Somar Meteorologia. “The dry weather observed in the last few days has favored the coffee harvest, which runs smoothly in all the coffee- growing regions of the Southeast,” agronomist Marco Antonio dos Santos said […]
Arabica coffee futures hit a 4-1/2 month low and robustas also slid to a 4-month low Monday due to investor liquidation, but cocoa and raw sugar futures climbed on suspected consumer buying. Cocoa futures in the U.S. rose as industry buying forced shorts to cover positions, although prices were near 5-month lows hit earlier this […]
SAO PAULO (Dow Jones)–Brazil could see stronger cold fronts coming from the south this winter as the regional climatic pattern moves into a new cycle, meaning a somewhat increased risk of frost in the southeastern coffee regions. Frost is rare in the arabica-producing belt of southern Minas Gerais state and neighboring Sao Paulo state, where […]
(Reuters) – Global demand for coffee is set to keep climbing and even a doubling in the cost of the commodity over the last 12 months has failed to quench consumers’ thirst for the beverage. Faster paced lifestyles in China and other Asian economies where economic growth has been strong have helped to keep consumption […]
By John Roach Many people say they can’t live without caffeine, but few of us would actually perish in the absence of our morning coffee ritual. For the bacterium Pseudomonas putida CBB5 that isn’t the case. It really does live on caffeine, according to new research presented today. The caffeine-munching bacterium was found in a […]
Belfast (CoffeeNetwork) Up to 30,000 Papua New Guinea coffee and cocoa farmers are set to benefit from a US$46.3 million project which was launched on Tuesday in Goroka, one year after approval by the World Bank. Funded by the World Bank, the Government of Papua New Guinea, the International Fund for Agricultural Development (IFAD), and […]
A Fresh START at SCAA Organization sees sustainability-tracking tool as a potential game-changer By Chris Ryan One of the marquee announcements of 2010’s SCAA Exhibition in Anaheim, Calif., was the formation of START, a multi-use tool that measures the impact of companies’ sustainability efforts and beyond. START (which stands for Sustainability Tracking and Reporting Tool) […]