The first press review for raw materials in agri food industry
Frost threat to Brazil’s coffee belt jolted ICE Futures U.S. arabica coffee 3.52% Monday against the bullish backdrop of the fallingU.S. dollar and rallying equities and commodities. July arabica coffee settled up 485 points at $1.4225 a pound…
Marketing Year (MY) 2009/10 coffee production is forecast at 43.5 million 60-kg bags, down 15 percent compared to MY 2008/09, as a consequence of the biennial production cycle of arabica trees. Coffee exports for MY 2009/10,…
Unas 12 mil familias de Jaén, San Ignacio, Bagua y Utcubamba han logrado quintuplicar la producción de café bajo un programa que contempla una serie de actividades que van desde el sembrado, pasando por la cosecha,…
A bit cheaper last week (-2%), as the first hazelnuts bought from TMO are arriving on the local market. Before the arrival of these hazelnuts, the local prices for available goods were a bit above TMO price as the lack of merchandise was total.
TEMASEK Holdings has agreed to buy a stake in Olam International for $437.5 million, its first foray into commodities after it named former mining boss Mr Chip Goodyear as chief executive officer (CEO)-designate in February.
Peanut prices received by farmers for all farmer stock peanuts averaged 24.7 cents per pound for the week ending May 23. The price per pound decreased 0.1 cent from the previous week. Marketings of all farmer stock peanuts for the week ending May.
Oil prices rose above $66 a barrel as the dollar fell broadly against major currencies and as sentiment was lifted by upbeat international economic data.US crude oil for July delivery settled up $1.23 at $66.31 per barrel on the New York Mercantile Exchange.
U.S. coffee futures ended Friday’s session at modestly firmer levels, but off the day’s highs as funds took the opportunity to book profits at month’s end on the recent rally run-up. Additional profit-taking continued to weigh on ICE…
Exports in the first 7 months of coffee year 2008/09 (Oct/08 to Apr/09) have increased by 3.1% to 57.21 million bags compared to 55.47 million bags in the same period in the last coffee year. In the twelve months ending April 2009,…
Colombia, the world’s third-largest coffee supplier, is headed for “very low” production in May, a sign that the crop may fall 13 percent this year from 2008, the nation’s main coffee exporters’ group said.