Coffee production is 12% down in Colombia because of rains due to La Niña
BOGOTÁ, Colombia – In October, the registered coffee production in Colombia, the world’s largest producer of washed mild Arabica, fell 12% to 888,000 60-kg bags of green coffee from the million bags produced in the same month of 2021. So far this year (January-October), production exceeded 9 million bags, 10% down from the almost 10.1 […]
Uganda says coffee exports down 14% yr/yr due to drought
KAMPALA, Oct 19 (Reuters) – Uganda’s coffee exports declined last month due to the impact of a drought affecting many growing areas across the country, the state-run sector regulator said. The east African country shipped a total of 503,695 60-kg bags of coffee beans in September, down 14% compared with the same period a year earlier, Uganda […]
SOFTS-Arabica coffee hits fresh one-year low, sugar also down
NEW YORK/LONDON, Oct 17 (Reuters) – Arabica coffee futures on ICE closed down on Monday, having hit their lowest in more than a year during a choppy session which saw some bargain hunting that at times led the market to move into positive territory. COFFEE * December arabica coffee KCc1 settled down 1.15 cents, or 0.6%, at […]
The Brazilian coffee sector is carefully monitoring the weather ahead of flowering
SAO PAULO, Brazil – The agents in the Brazilian coffee sector have been monitoring the weather, concerned about the blooming of the 2023/24 crops, says Cepea in its latest report. Thus, the prices for arabica coffee fluctuated widely in the domestic market in the first fortnight of September. Between August 31st and September 15th, the […]
Coffee production is 12% down in Colombia because of rains due to La Niña
BOGOTÁ, Colombia – In October, the registered coffee production in Colombia, the world’s largest producer of washed mild Arabica, fell 12% to 888,000 60-kg bags of green coffee from the million bags produced in the same month of 2021. So far this year (January-October), production exceeded 9 million bags, 10% down from the almost 10.1 […]
SOFTS-New York coffee jumps nearly 8% on weaker dollar, roaster buying
Arabica coffee futures on ICE closed nearly 8% higher on Monday as the market partly recovered from a 9-month low hit late last week amid consumer buying and a return of fund investment. New throughout, updates prices, market activity and comments NEW YORK/LONDON, July 18 (Reuters) – Arabica coffee futures on ICE closed nearly 8% higher on […]
U.S. coffee roasters are paying big premium for green beans in storage
By Marcelo Teixeira 3 MIN READ NEW YORK, July 8 (Reuters) – U.S. coffee roasters are paying the highest prices in more than a decade for green coffee in domestic storage, as reduced imports from producing countries have hit supplies, along with surging transportation and labor costs. Merchants normally sell green arabica coffee beans sitting […]
Investing in the future of coffee
May 18, 2022 – A visit to Mutira Farmers’ Cooperative Society, a Fairtrade certified coffee producer group on the slopes of Mount Kenya, reveals how Fairtrade Africa’s work to propel the growth and development of young farmers is bearing fruit. The Central Kenyan highlands boast rich agricultural land whose acidic soils and favourable climate play […]
There are no coffee sanctions against Russia, but payment and security concerns have some distributors avoiding the country
BUSINESS INSIDER (April 12, 2022) – Dominick Reuter Coffee traders are avoiding deals with Russia, even though there are no sanctions on the commodity. Some expressed concerns about getting paid, as well as shipping complications, Reuters reported. Some suppliers now require advance payment, while others are considering cryptocurrency. Russia is the one of the top coffee […]
Ico report shows first decline in coffee prices after seventeen straight months of increases
LONDON, UK (April 6, 2022) – The ICO Composite Indicator Price (CIP) for March averaged 194.78 US cents/lb 2022, a fall of 7.6% in comparison with the previous month, breaking a streak of 17 consecutive months of increases, reports the International Coffee Organization in its latest monthly report. Every group of coffee recorded a reduction […]