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Arabica coffee futures in New York close higher for third straight session
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MILAN – Arabica Coffee futures in New York reached new highs on Tuesday over renewed concerns that the Brazilian harvest may turn out to be lower than estimated. The benchmark contract for September delivery closed at142.75 cents a pound, its highest close since April 18.
Brazil’s 2017/18 crop 80% harvested. Robusta harvest virtually finished
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MILAN – According to agricultural analyst Safras & Mercado, 80 percent of Brazil’s 2017/18 crop was harvested as of August 1, versus 76 percent at this time last year. S&M expects this year’s production to reach a total of 51.1 million bags. Harvest of arabica beans is at 74 percent...
Arabica prices set back from 3-1/2 month highs pressured by resistance
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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
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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
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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
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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
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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
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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
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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 ...
Mercon Coffee Group is launching Robusta coffee from Nicaragua
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MANAGUA, Nicaragua – Mercon Coffee Group is launching Robusta coffee from Nicaragua for export. The company made the announcement at the 2017 Global Specialty Coffee Expo in Seattle and is now offering washed and natural Robusta coffees from this origin. For the past 10 years, the company has been the pioneer of Robusta coffee production ...
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