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Monday 18 November 2024
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Market & Trade

Colombian coffee production falls 9% in June, exports grow 3%

Desk3 -
BOGOTA, Colombia – Colombia, the world’s leading producer of mild washed Arabica coffee, produced 1.05 million 60-kg bags in June, a 9% decrease compared to the 1.16 million bags produced in June 2016. This cutback was still the result of delayed flowerings normally occurring between ...
Market & Trade

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

Desk3 -
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

Italian coffee roaster Kimbo ends 2016 with all-time revenue records

Desk3 -
NAPLES, Italy – Italian coffee brand Kimbo has closed 2016 with a record turnover of €175 million, up 3.3% year-on-year. Of the company's sales total, 81% was achieved in Italy and 19% on foreign markets. Kimbo is present in some 80 countries and last year’s exports amounted to €32 million (+14.5%).
Market & Trade

World coffee exports down 5.3% in April, according to ICO’s monthly data

Desk3 -
LONDON – World coffee exports fell 5.3% in April from a year earlier, according to the latest ICO data. Monthly shipments dropped to 9.5 million bags from over 10 million in 2016. Exports of all coffee groups were down on year. Among Arabicas, Brazilian Naturals reported the biggest drop (-9%) followed by ...
Market & Trade

Vietnam vows to reorganize coffee production and improve quality

Desk3 -
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

Papua New Guinea firm to tap into Chinese demand for specialty coffee

Desk3 -
PORT MORESBY, Papua New Guinea – A firm from Papua New Guinea plans to tap into the Chinese coffee market by the end of this year by selling its brand of specialty coffee. Duffy Coffee Roasters founder, Travers Chue, announced that after years of planning they are ready to take “Duffy Specialty Coffee’ overseas.
Market & Trade

Vietnam’s exports fall to 5-month low on higher prices and thinning demand

Desk3 -
HANOI, Vietnam – Coffee exports from Vietnam fell to 134,800 tons in April, the lowest level in five months, the country’s customs office stated. Sales from the world's largest Robusta producer and exporter, fell 28.3 percent from the same month in 2016, the Finance Ministry-run Vietnam Customs said in its monthly report.
Market & Trade

Downward correction as funds respond to increasingly positive outlook

Desk3 -
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 ...
Market & Trade

Colombian production dropped 20% in April due to delayed flowering

Desk3 -
BOGOTA, Colombia – Colombia, the world's leading producer of mild washed Arabica coffee, produced a total of 4.4 million 60-kg bags between January and April, a 4.8% increase compared to the 4.2 million bags produced between January and April 2016. As a result of delayed flowerings, coffee production in April dropped 20% ...
Market & Trade

Myanmar to export 18 tonnes of coffee beans to the United States in 2017

Desk3 -
WASHINGTON DC, U.S. – Myanmar will export 18 tonnes of coffee seed to the US this fiscal year. The price of Myanmar coffee seed has recently increased in Europe and US markets. The demand for Myanmar coffee seed has been on the rise this year compared with the same period last year, according to Myanmar Coffee Association.
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