The first press review for raw materials in agri food industry
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, …..
The International Coffee Organization cut its estimate for world coffee output in 2008/09 to 127.8 million 60-kg bags from a previous forecast of 133.4 million, ICO Executive Director Nestor Osorio said on Tuesday. Osorio, in a monthly market review,…
India’s arabica coffee output for the 2008-09 crop year is estimated at 60,000-70,000 metric tons, the lowest level in more than a decade, industry officials and traders said Tuesday. Ramesh Rajah, president of the Coffee Exporters Association of India, said arabica output…
Speculative selling kicked ICE Futures U.S. arabica coffee to fresh contract lows Monday as technicals weakened amid continued instability in equities.Most-active May arabica coffee futures settled down 90 points at $1.0630 a pound, off of the $1.0435…
Uganda’s coffee exports in February were up 1% on the year due to favorable weather conditions and a bigger crop this season, a trade official told Dow Jones Newswires Monday. David Kiwanuka, spokesman for the state-run Uganda Coffee Development Authority…
May arabica coffee closed lower Thursday on technically based selling and a lack of major fresh fundamental news in the market.Most-active May coffee on ICE Futures U.S. settled down 150 points at $1.0720 a pound, near the session low of $1.0715….
Los caficultores colombianos encontraron este año un aliado que ya ha comenzado a generarles buenos dividendos: la devaluación del peso, fenómeno que, de prolongarse, podría contribuir a la recuperación de los ingresos dejados de percibir durante la últimos cuatro años por culpa de la revaluación.
In spite of depressed ICE-NY futures market, differentials remain wide helped by weak local currency running around $2.40 against US Dollar. Offers of GC, VGP and even FC´s are still found below US$20.00 c/lb under ICE-NY especially for nearby shipment s until June but also including new crop until November-December 09