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Monday 18 November 2024
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Market & Trade

Kenya plans to double coffee exports to lucrative North American market

Desk3 -
NAIROBI, Kenya – Kenya plans to double its coffee exports to the United States in order to tap into the lucrative North American market, officials said on Wednesday. Agriculture and Food Authority (AFA) Kenya Interim Head of Coffee Directorate Grenville Melli told a coffee forum in Nairobi that Kenya currently exports
Companies

Tata Global Beverages ties up with Alibaba to take Tetley tea bags to China

Desk3 -
NEW DELHI, India – About 300 years after the British East India Company introduced tea plantations in India to kill Chinese monopoly on its trade, the Indian owners of a classic British tea brand are introducing it in China. Tata Global Beverages Ltd has entered a tie-up with e-commerce firm Alibaba to sell Tetley tea bags ...
Cocoa

ICCO’s Report: cocoa futures prices continued their downward trend

Desk3 -
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.
Companies

Cepea says 20% of the Brazilian Arabica 2016/17 crop is left to be traded

Desk3 -
SAO PAULO, Brazil – The arabica volume left from the 2016/17 season at growers and cooperatives is around 20% of the production, considering regions surveyed by Cepea. In the same period last year, roughly 15% of the crop was still available to be traded. Most part of this product left in 2017 has intermediate quality, but there is also ...
Companies

Vietnam may face coffee drain in May-June, says top exporter Intimex

Desk3 -
HO CHI MINH CITY, Vietnam – The world's largest exporter of robusta coffee Vietnam could fall short of the bitter beans in the next two to three months due to rising shipments and dwindling domestic stocks, top exporter Intimex said on Tuesday. A smaller harvest is expected this year in export rival Indonesia and ...
Market & Trade

Brazil comes close to losing to Vietnam top rank in coffee shipments

Desk3 -
MILAN – Shipments of coffee in all forms out of Brazil totalled 2.483.057 bags in February, down 15.5% from the same month last year, the Coffee Exporters Council (Cecafé) reported last week. The drop in shipments was attributed to slower sales by farmers who preferred to wait for better prices.
Market & Trade

Colombian coffee production rose 18% in February to 1.3 million bags

Desk3 -
BOGOTA, Colombia – Colombia, the world's leading producer of mild washed Arabica coffee, produced a total of 1.29 million 60-kg bags in February, an 18% increase compared to the 1.1 million bags produced during the same previous month. Year-to-date production reached nearly 2.6 million bags.
Climate

Uganda needs a caffeine fix: insights from Vietnam’s coffee sector

Desk3 -
KAMPALA, Uganda – Until recently Vietnam and Uganda shared a similar trajectory in the development of their coffee sectors. Today, Vietnam has emerged as the second largest coffee producer in the world. In Uganda, poor agricultural inputs and a failing institutional environment have resulted in low yields and slower development of the sector.
Events

Kenya targets specialty coffee symposium in Seattle to double US sales

Desk3 -
NAIROBI, Kenya – Kenya is eyeing the upcoming Specialty Coffee Association of America (SCAA) symposium to double the sales to the US by tapping the premium price that the American market pays for the beverage. The SCAA exhibition, which will bring together over 15,000 people across the world will be held in Seattle, US next month.
Production

Uganda: increased production boosts expectations for the new season

Desk3 -
KAMPALA, Uganda – A coffee replanting initiative, which started nearly five years ago, is expected to boost the country’s crop volumes starting this year. “We are seeing an increase in the coffee export volumes this year as the crops we started planting more than three years ago in the replanting exercise have started to yield,” said ...
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