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.
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.
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.
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.
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.
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 ...
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 ...
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 …
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 ...
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.