Concerns over excess supply weighing on cocoa price movements
ABIDJAN, Côte d’Ivoire – The current review of the cocoa market situation reports on cocoa price movements on the international markets during the month of June 2017. Chart I illustrate price developments of the average of the nearest three active futures trading months on the London (ICE Futures Europe) and New York ...
Port of Santos expands share of coffee exports to new record highs
SANTOS, Brasil – The port of Santos has increased its market share of Brazil’s coffee exports to a new record-high of 87.1 percent in the first half of 2017. This equals to 16.9 million bags, or 1 million tonnes or 36,722 TEU. The port is on track on track to ship 76,000 TEU of java by the end of the year ...
Indian coffee exports may fall as much as 20 percent in current year
KOCHI, India – Indian coffee exports are likely to fall 15-20% in the current year as exporters haven’t got enough orders for the coming months. As per Coffee Board’s export data for the period from January 1 to July 17, 2017, the total export volumes were at 216,926 tonnes – a marginal drop compared to same period last year.
Ethiopia’s coffee exports rose by 11.5 percent in the past fiscal year
ADDIS ABABA, Ethiopia – Ethiopia's coffee exports have registered a 20 percent increase during the past three months, according to the Ethiopian Coffee and Tea Development and Marketing Authority on Monday. The authority has introduced various measures to reduce the impact of contraband and other ...
Private coffee stocks in Brazil are down 27% on year, says Conab’s survey
SAO PAULO, Brazil – Brazil’s private coffee stocks as of March 31st 2017 totalled 9.86 million bags, according to a survey led by the country's food supply agency Conab. This is 27.4% less than in last year’s survey, when the Agency estimated a volume of 13.59 million bags, as well as the third consecutive annual reduction.
Ethiopia exported 221,000 tons of coffee during its last fiscal year
ADDIS ABABA, Ethiopia – Ethiopia exported 221,000 tons of coffee during its last fiscal year. According to Ethiopian Coffee & Tea Development and Marketing Authority, it has accomplished 92 per cent of its set goal to increase coffee exports: " It is a very great achievement compared to nation's previous years' coffee export performance. "
Colombian coffee production falls 9% in June, exports grow 3%
BOGOTA, Colombia – Colombia, the world’s leading producer of mild washed Arabica coffee, produced 1.05 million 60-kg bags in June, a 9% decrease compared to the 1.16 million bags produced in June 2016. This cutback was still the result of delayed flowerings normally occurring between ...
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.
Harvesting advance presses down quotes in Brazil, reports CEPEA
SAO PAULO, Brazil –The coffee harvesting in the 2017/18 season has advanced in most Brazilian producing regions, favored by firm weather. Thus, prices dropped in Brazil in June. Robusta quotes decreased 17.79 reais per 60-kilo bag in the month. On June 30, the CEPEA/ESALQ Index of robusta type 6, screen 13, Espírito Santo State ...
Honduran exports strongly up in June, reports National Coffee Institute
MILAN – Honduran coffee exports rose by a whopping 71.3 percent on year in June to reach 972,969 60-kg bags, the country’s National Coffee Institute, or IHCAFE reported earlier this week. Total shipments in the 9-month period from October 2016 to June 2017 amounted to 5.9 million bags, up 37 percent from ...
