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You won’t believe how much a Starbucks Tall Latte costs in Russia
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MILAN – The folks at ValuePenguin, a research firm that helps consumers understand the value of their purchases, created a so-called Latte Index, which outlines the average amount a pre-made coffee costs around the world. Using Euromintor International, which provides data on global products, and taking into account additional data from ...
Coffee growers in Karnataka suffer price crash, despite lower output
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MADIKERI, India – Coffee prices have been falling sharply since January, compounding the worries of drought-hit growers. The prices of a 50-kg bag of Arabica parchment coffee dipped by 20 per cent in four months. However, Robusta coffee prices have remained relatively stable, falling a little over 7 per cent …
Robusta coffee futures record biggest 5-day plunge in half a decade
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MILAN – Robusta coffee futures on ICE fell to a 7-1/2 month low on Tuesday on technically-driven selling by funds, with the London market recording its biggest 5-day plunge in half a decade. The July contract fell $20 to $1,916 a tonne after dipping to a low of $1,871, the lowest level for the second position since ...
Coffee industry in Vietnam turns bitter, exports are down 5.4% on year
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HANOI, Vietnam – Nationwide coffee exports for 2017 are expected to fall 30% in volume with revenue climbing to US$3.35 billion, said Do Ha Nam, vice chair of Vietnam Coffee and Cacao Association recently. The Ministry of Agriculture and Rural Development in turn estimated the export volume in the first quarter when compared against ...
Market weakens further due to high exports and increasing inventory levels
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LONDON – In March, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure. Despite the poor Conilon/Robusta harvest in Brazil and Vietnam, the market remained well supplied as export levels in the period October 2016 to February 2017 ...
Kenya coffee price at NCE declines by 16 percent on low quality beans
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NAIROBI, Kenya – The price of coffee declined by 16 per cent at the Nairobi Exchange last week as low quality beans take a toll on the value. According to a market report from Nairobi Coffee Exchange (NCE), the country’s coffee has been registering lower prices attributed to poor quality of beans delivered by farmers as the main crop season ends.
ICCO’s Report: cocoa futures prices continued their downward trend
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ABIDJAN, Côte d'Ivoire – The current review reports on cocoa price movements on the international markets during the month of February 2017. Chart I illustrates price movements on the London (ICE Futures Europe) and New York (ICE Futures U.S.) markets for the month under review.
Are Starbucks customers willing to pay even more for a cup of coffee?
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MILAN – After he steps down as Starbucks’ CEO, Howard Schultz plans to take on leadership of the company’s Roastery and Reserve brands. The idea behind those upscale concepts is to once again redefine coffee consumption both in the United States and around the world.
Carnival and price drops in New York futures market limit trades in Brazil
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SAO PAULO, Brazil – The pace of arabica coffee trades was slow in Brazil and prices were dropping in late February. Sellers, who were refrained from the market, did not consider asking prices attractive. Besides, the recess because of carnaval in Brazil limited trades even more.
Coffee bean output grew 50 percent in 2016 in China’s Yunnan Province
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YUNNAN, China – Farms across the southern reaches of Yunnan province combined to grow 50 percent more coffee beans in 2016 than in the...
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