Angola wants to become again a major world coffee producer country
MEDELLIN, Colombia – Angola expects to produce 50,000 tons of coffee by 2022, six times more than the production of 8,000 tonnes recorded in the period from September 2016 to June 2017, the Angolan ambassador to Brazil,Nelson Cosme said on Wednesday in Medellin, Colombia. Cosme, speaking on behalf of ...
Arabica prices temporarily under pressure while Robusta gains
LONDON, UK – The coffee market in June was characterised by high volatility ultimately resulting in a sideways move of coffee prices. While the monthly average of the ICO composite indicator prices was down 2.4% to 122.39 US cents/lb, the difference in price between the opening and the end of the month was minimal.
Arabica futures hit 16-month lows as crude oil selloff pressures prices
MILAN – New York coffee futures fell 4.5 percent to the lowest in nearly 16 months on Thursday, after a move below key levels triggered chart-based selling and narrowed the premium over Robusta to its smallest levels since at least 2008. The crude oil selloff is responsible for dragging down soft commodities such as cocoa and sugar.
USDA sees record 2017/18 coffee demand, stocks at 6-year low
WASHINGTON, U.S. – World coffee production for 2017/18 is forecast at 159 million bags (60 kilograms), unchanged from the previous year, as lower output in Brazil is offset by higher production in Vietnam, Mexico, and Indonesia as well as slight increases in most other countries, the US Department of Agriculture (USDA) said on Friday.
Gain Report sees Brazilian production at 52.1 million, down 7% on year
SAO PAULO, Brazil – ATO/Sao Paulo forecasts Brazil’s coffee production for Marketing Year (MY) 2017/18 (July-June) at 52.1 million 60-kg bags, a decrease of four million bags compared to MY 2016/17, due to the off-year of the biennial production cycle of trees in the majority of Arabica growing regions.
Vietnam vows to reorganize coffee production and improve quality
HANOI, Vietnam - Vietnam’s coffee productivity is three times higher than the average level globally, but the profit that coffee growers pocket is low because of poor competitiveness and unstable output. With export volume of 1.8 million tons and export turnover of $3.35 billion, coffee was the biggest farm export item in 2016.
CEPEA: Arabica and Robusta quotes dropped in the Brazilian market
SAO PAULO, Brazil – Quotes of arabica and robusta coffee dropped in the Brazilian market in April. The CEPEA/ESALQ Index of arabica type 6, hard cup or better (delivered in São Paulo city), dropped 3.72% between March 31 and April 28, closing at 457.68 BRL (144.24 USD) per 60-kilo bag on April 28 – the lowest value in real terms since ...
Downward correction as funds respond to increasingly positive outlook
LONDON – Coffee prices fell sharply at the end of April as institutional investors sold off their positions. The coffee market continues to be well supplied as total exports in the first half of coffee year 2016/17 are estimated up by 4.8% to 60 million bags. In absence of fundamental news, the outlook for the 2017/18 crop ...
Japan dominates APAC coffee market, says Euromonitor in its latest report
LONDON – Despite the fact that the Asia-Pacific region has the lowest spend per consumer, this region holds the number three position in the world’s coffee market (as one of the largest contributors). The position results from the increasing middle class and the large local population. As of 2016, each APAC consumer spent ...
Want to grow your brand in the foodservice industry? Know the 3 Cs
MILAN – Chicken, China and coffee are three factors driving growth and profit in the current foodservice industry, according to Euromonitor International Consumer Foodservice Analyst Stephen Dutton. His analysis of today's foodservice stage indicates that those three "Cs" represent the biggest industry trends ...
