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Saturday 23 November 2024
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Arabica

Arabica prices set back from 3-1/2 month highs pressured by resistance

NEW YORK/LONDON – Arabica coffee futures in New York set back from highs met early in the day, pressured by technical resistance following a four-day rally. Dealers said short-covering lost momentum when prices neared a technical resistance around the 140 cents/lb mark.

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.

India’s coffee exports up 11.5% on year in value terms, says Ministry

NEW DELHI – India’s coffee exports grew by 11.5 per cent year-on-year in value terms in April this financial year on account of strong demand in the global markets, according to the commerce ministry data. India mainly ships Robusta and Arabica varieties of coffee besides instant coffee.

How the coffee industry may be impacted in the future by climate change

HONG KONG – Coffee production and consumption have risen considerably over the past few decades, with 2.25 billion cups of coffee being consumed daily worldwide. But the future availability and price of coffee are going to be impacted by climate change and farmers who grow it may lose their livelihoods.

Conab sees Brazil’s production at 45.56 million bags in its second estimate

MILAN – In its second official estimate for domestic coffee output this year, Brazil's Crop Supply Agency Conab pegged production at 45.56 million bags – little changed from an initial estimate in January which, at the middle of the forecast range, came in at 45.58 million bags.

Coffee roasters resume purchasing in the Brazilian market, says Cepea

SAO PAULO, Brazil – After a period when trades were halted, coffee roasters resumed purchasing coffee in the Brazilian market, mainly Robusta beans and mid-quality Arabica, in the first fortnight of May. The purchased volume, however, was limited, once the availability of these types of coffee ...

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 ...

Coffee growers in Karnataka suffer price crash, despite lower output

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

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 ...

Commodities group sees Brazilian production down by 20 percent in 2017/18

MILAN – Coffee production in Brazil is likely to drop between 15 and 20 percent on year due to the off-year in the biennial cycle, according to Joseph Reiner - global head of coffee for Chinese commodities group COFCO. The estimate is based on a field survey led by the company’s research team in the past weeks.

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