The first press review for raw materials in agri food industry
Speculative trading on outside market influences weighed on ICE Futures U.S. arabica coffee Wednesday as the market consolidated recent gains. May coffee settled 125 points lower at $1.1450 a pound, and the July contract also settled 125…
Guatemalan coffee exports in March, the sixth month of the current 2008-09 crop cycle, were down 14% to 460,075 bags of 60 kilograms each, the Guatemalan Coffee Association, Anacafe, said Wednesday.
Spillover from firm equities and commodities pushed ICE Futures U.S. arabica coffee higher Tuesday as speculative activity on macroeconomic sentiment trumped tight physical supplies. May arabica coffee futures settled up 275 points at $1.1575…
Exports in the first 5 months of coffee year 2008/09 (Oct-08 to Feb-09) have increased by 6.9% to 40.4 million bags compared to 37.8 million bags in the same period in the last coffee year. In the twelve months ending February 2009,…
Pressure from falling equities and commodities prices and the firm U.S. dollar slammed ICE Futures U.S. arabica coffee futures toeight-session lows Monday. May arabica coffee futures settled down 285 points at $1.1300 a pound…
Coffee exporters in Ethiopia, Africa’s biggest producer, are stockpiling beans in anticipation of a further devaluation of the national currency, the Ethiopian Commodity Exchange said.The stockpiling has contributed to a decline in export revenue…
Coffee production in El Salvador’s 2008-09 harvest to March 1 was down 9.4% to reach 1,418,333 60-kilogram bags, the Salvadoran Coffee Council said Thursday. This compares to total registered production of 1,565,533 bags from the beginning…
Viet Nam, the world’s second-biggest grower of coffee, may produce less than 16 million bags in the 2009-10 year because of premature flowering, according to the Viet Nam Coffee and Cocoa Association. The trees have started forming fruit in some plantations because of early flowering…
The stronger U.S. dollar and weaker commodities stunted speculative appetite for ICE Futures U.S. arabica coffee Friday, though futures regained footing from an early test of one-week lows.May arabica coffee futures settled down 150 points at $1.1585
Weather continues perfect for coffee trees, humid (not heavy rains) and warm (summer was not so hot). Therefore cherries are having a natural uniform maturation. It is also noticeable that the maturation process on Arabica plantations of South of Minas and Zona da Mata…
Colombian coffee shortages will start to ease by August with volumes normalizing by September as the mid-year crop from southern and northern regions is delivered, Gabriel Silva, director of the National Federation of Coffee Growers, said on Thursday.
Mixed market conditions left ICE Futures U.S. arabica coffee futures near flat Wednesday, though gains are expected to build as outside indicators stabilize. May arabica coffee futures settled down 5 points at $1.14670 a pound and the July…
Ethiopia has closed the warehouses of its largest coffee exporters and seized thousands of tonnes of their beans after Africa’s largest coffee producer accused them of hoarding when the country is in dire need of export earnings.
Coffee exports in February in the current 2008-09 crop cycle from Colombia, Mexico, Peru, the Dominican Republic and Central America were down 4.5% to 2,633,949 bags of 60 kilograms each,…
Vietnam’s coffee exports in March may rise 34% on year in terms of volume, according to estimates issued Tuesday by the General Statistics Office. The value of the shipments may fall 12.8%, the data showed.
The primarily weaker U.S. dollar supported ICE Futures U.S. arabica coffee Monday as economic ambiguity stifled fundamental bullishness. May arabica coffee futures settled up 130 points at $1.1750 a pound. The July contract also settled 130 points higher at $1.1950 a pound.