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Friday 27 December 2024
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Lifestyle

France faces a major croissant shortage because of soaring costs of butter

Desk3 -
PARIS—A looming butter shortage has pushed prices up to exorbitant levels, and one baking industry group is warning of “a major crisis” that could imperil the very existence of the croissant as we know it—or at least as we ought to know it. A “major crisis” over a crescent roll? Oh, yes.
Institutions

ICO Report: Coffee prices continue to fall albeit at a lower rate

Desk3 -
LONDON – Coffee prices continued to fall as the market remains well supplied and inventories in consuming countries are high as a result of strong exports in the first seven months of the coffee year. For the first time in three years, Colombian Milds traded above Other Milds.
Associations

Coffee output to near last crop’s yield, says Vietnam’s coffee association

Desk3 -
HCM City, Vietnam – The 2017-18 coffee crop is expected to yield around 1.4 million, which is equal to or slightly lower than last year’s harvest, according to the Vietnam Coffee and Cocoa Association. Nguyen Nam Hai, deputy chairman of the association, said the annual coffee crop would enter the harvest season in October or November.
Market & Trade

Coffee roasters resume purchasing in the Brazilian market, says Cepea

Desk3 -
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 ...
Cocoa

ICCO Cocoa Market Review: Futures prices continue their downward trend

Desk3 -
ABIDJAN – The current review of the cocoa market situation reports on price movements on the international markets during the month of April 2017. Chart I illustrates price movements on the London (ICE Futures Europe) and New York (ICE Futures US) markets in April. Chart II shows the evolution of the ICCO daily price, quoted in ...
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 ...
Companies

You won’t believe how much a Starbucks Tall Latte costs in Russia

Desk3 -
MILAN – The folks at ValuePenguin, a research firm that helps consumers understand the value of their purchases, created a so-called Latte Index, which outlines the average amount a pre-made coffee costs around the world. Using Euromintor International, which provides data on global products, and taking into account additional data from ...
Market & Trade

Coffee growers in Karnataka suffer price crash, despite lower output

Desk3 -
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 …
Market & Trade

Robusta coffee futures record biggest 5-day plunge in half a decade

Desk3 -
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 ...
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