The first press review for raw materials in agri food industry
There will be a large global surplus of coffee in the 2008/09 marketing year, followed by a smaller surplus in 2009/10, a spokesman for Neumann Kaffee Gruppe, a major green coffee group, said on Saturday.
Colombia, the world’s third biggest coffee producer, looks set to produce 11 million 60-kg bags in 2009, down from last year’s 11.48 million bags, a spokesman for the National Federation of Coffee Growers of Colombia said Thursday.
May arabica coffee futures posted gains of 2.7% Thursday on heavy speculative buying linked to a broad-based commodity rally and a falling U.S. dollar. May coffee on ICE Futures U.S. rose 300 points to settle at $1.1615 a pound – the contract’s strongest…
Reports coming from foreigners that have been visiting the coffee producing areas recently confirm most of the trade expectations that the new crop size will be at around 45 million bags (33 Arabicas and 12 Conilons).
Physical trading remained slow this week in the Colombian cash arabica coffee market as already steep premiums continued to rise against a weaker dollar and tight supply, traders and exporters said Thursday. “It’s very quiet, there is no coffee available except for tiny lots of 500 or 1,000 bags at the most, and premiums continue […]
Arabica coffee futures rallied on program-related buying and technical strength, after the May contract scaled last week’s highs amid a lack of aggressive origin selling, traders said Wednesday. Most active May coffee rose 190 points to settle at $1.1315 a pound.
Vietnam : scattered rains arrived in some areas in the Dak Nong and Lam Dong province, but in general there has been sufficient sunshine upcountry. Farmers are in the middle of their 2nd or 3rd round of irrigation, which has been going on smoothly so far.
Honduran coffee production from the current 2008-09 harvest through March 17 was down 8% to 1,212,951 bags, the Honduran Coffee Institute, or Ihcafe, said Tuesday. This compares to Honduran coffee production of 1,317,913 bags from the start of…
Late-session profit taking pushed ICE Futures U.S. coffee lower Friday as the market traded an inside day consolidating gains from the last session. Most-active May arabica coffee futures settled down 40 points at $1.1015 a pound.
Brazil, the world’s biggest coffee producer, may buy as many as 3 million bags of the beans at above-market prices to boost stockpiles, reducing supplies in a year where production may slump as much as 20 percent.
At least 15,000 lots of Vietnamese coffee beans are being fixed for delivery this month, trade sources said on Friday, in a move that could weigh on London futures recently hit by origin selling. Exporters normally agree to settle prices after the delivery of beans to buyers.
Stock market strength boosted ICE Futures U.S. coffee Thursday as inflationary concerns kicked in short-covering and technical buying. Most-active May arabica coffee futures settled up 350 points at $1.1055 a pound. The nearby March contract also…
Still the same picture of previous weeks with buyers looking to get as much as wide differentials as possible but new crop coffees for July forward shipments. On the other hand exporters are eager sellers but only current crop coffees for April till June/July shipments.
Papua New Guinea coffee prices recovered in January from a three- month low towards the end of last year. The newspaper, the National, reports the industry regulator Coffee Industry Corp this week released the commodity’s bulletin,…
A weaker U.S. dollar lent support to ICE Futures U.S. arabica coffee Wednesday, though bullish supply conditions remained under the shadow of bearish macroeconomic concerns. Most-active May arabica coffee futures settled up 110 points at $1.0705 a pound. The nearby March contract…
Coffee prices were little changed in February, with the monthly average of the ICO composite indicator price at 107.60 US cents per lb compared to 108.39 US cents per lb in January 2009. Prices of the Colombian Milds and Other Milds groups remain firm, confirming that the current, …..