SAO PAULO, Aug 26, 2010 (Dow Jones Commodities News via Comtex) — Volatile international and local coffee prices are confounding buyers and sellers in Brazil this week. December coffee on ICE Futures U.S., the most active contract, soared 5.80 cents, or 3.5%, to $1.7240 on Thursday as funds renewed buying after the market had plunged […]
Coffee prices jumped to a fresh 12-year high on Monday morning as speculative interest in the soft commodity ratcheted up on the back of tightness in the physical markets. A disappointing harvest last year in central and south America has squeezed the market more than usual at the traditionally tightest period of the year, drawing […]
Aug. 16 (Bloomberg) — Coffee production in Burundi, which relies on the crop for half its export earnings, may be as much as 26 percent less than forecast this year after a drought cut yields, the industry regulator said. Output may be 23,000 to 25,000 metric tons, compared with an earlier estimate of 31,000 tons, […]
Aug. 18 (Bloomberg) — Rwanda aims to achieve its coffee output forecast of 26,000 metric tons this season following “positive results” with most of the crop harvested, said Alex Kanyankole, managing director of the Rwanda Coffee Development Authority. Field reports indicate that the harvest, which started in April, “has yielded a better crop,” Kanyankole […]
NEW YORK, Aug 04, 2010 (Dow Jones Commodities News via Comtex) — Coffee prices rose Wednesday from recent losses as speculators continued to drive volatile trade. Nearby coffee for September delivery 3.10 cent, or 2%, higher at $1.6975 a pound on ICE Futures U.S. Coffee prices have rallied 23% since June. Both fundamental and technical […]
KATHMANDU (Commodity Online) : Nepal’s tea and coffee production increased by ten and twelve percent respectively during the last fiscal, according to National Tea and Coffee Development Board. In a statement issued here NTCDB said it has started registration of coffee entrepreneurs as it will help the development of country’s coffee sector as a whole. […]
With fewer than 400 individuals surviving in the wild, the Sumatran tiger continues to find refuge in Indonesia’s Bukit Barisan Selatan National Park, a World Heritage Site on the southern tip of Sumatra Island. But the critically endangered feline’s habitat is rapidly shrinking. Illegal squatters have already converted nearly 20 percent of the 900,000-acre (356,000-hectare) […]
On October 9-10th, 2010 the Specialty Coffee Association of Indonesia (SCAI) will hold the first-ever auction of Indonesia’s best Arabica specialty coffees. Farmers’ cooperatives and exporters from across Indonesia are preparing small lots of top quality coffee for the auction. These coffees are traceable to single origins and carefully selected for their aroma and flavor. […]
Mexico is likely to produce 4.6 million 60-kg bags of coffee in the 2010/11 cycle, which will begin in October, 5 percent more than in the current season, Rodolfo Trampe, head of the national coffee association Amecafe told Reuters in an interview on Monday. Along with the output boost, Amecafe is aiming to increase the […]
Since the introduction of electric power shedding in March this year, the impacts of power outage are strongly affecting major business entities and smallholdings across the nation. In the past three months the country has been facing electric power outage due to the dwindling water level in dams, which are the dominant source of hydroelectric […]