Friday 26 April 2024
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CATEGORY

Reports & Statistics

Market & Trade

Arabica prices temporarily under pressure while Robusta gains

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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.
Associations

SCA introduces financial benchmarking study for roasters and retailers

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MILAN – The Specialty Coffee Association (SCA) is launching the second iteration of its specialty coffee Roaster/Retailer Financial Benchmarking Study. The first large Study was deployed in 2015 that collected roasters’ financial, sales, and operational data. It resulted in a report that provided industry benchmarks ...
Culture

Research reveals the power of coffee to make an unforgettable impression

Desk3 -
AMSTERDAM, Netherlands – Businesses are being urged to take a fresh look at their coffee offer to delight their customers and improve the customer experience, after new research, commissioned by Jacobs Douwe Egberts (JDE) Professional, that reveals 72% of consumers expect to be served a hot beverage when making ...
Coffee

Arabica futures hit 16-month lows as crude oil selloff pressures prices

Desk3 -
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.
Market & Trade

USDA sees record 2017/18 coffee demand, stocks at 6-year low

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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.
Companies

Coffee shops in Mexico are booming says new survey from GlobalData

Desk3 -
MEXICO CITY – The taste for coffee is developing fast in Mexico and sales in coffee and tea shops are going to grow by four percent until 2021. According to a recent GlobalData survey, 61 percent of 25-34 year-olds visit a coffee shop more than once a week, and 55 percent of coffee shop visitors are women.
Market & Trade

Gain Report sees Brazilian production at 52.1 million, down 7% on year

Desk3 -
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.
Market & Trade

Vietnam vows to reorganize coffee production and improve quality

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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.
Companies

Over two thirds of workers believe better coffee means a better workplace

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LONDON, UK – New research by UCC Coffee UK & Ireland has shown that over two thirds of workers believe high quality coffee makes the workplace a better place to be. Its survey of 750 consumers showed that coffee quality is more important than having a supply close at hand, with only one fifth of workers saying they prioritise convenience over ...
Companies

Survey says: Starbucks likely to keep making gains in market share

Desk3 -
SEATTLE, U.S. – Quoting a survey, UBS said in a note Friday Starbucks Corporation is well positioned for continued U.S. market share gains. The firm also delved on growth at its channel development segment and Chinese opportunities. The deduction was based on a global coffee survey of over ...
Market & Trade

CEPEA: Arabica and Robusta quotes dropped in the Brazilian market

Desk3 -
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 ...
Market & Trade

Downward correction as funds respond to increasingly positive outlook

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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 ...
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