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Monday 18 November 2024
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Coffee market ends CY 2016/17 in deficit for the third consecutive year

Desk3 -
LONDON – The ICO composite indicator continued its downward trend that started at the end of August, averaging 124.46 US cents/lb. Prices for all...
Market & Trade

Arabica prices temporarily under pressure while Robusta gains

Desk3 -
LONDON, UK – The coffee market in June was characterised by high volatility ultimately resulting in a sideways move of coffee prices. While the monthly average of the ICO composite indicator prices was down 2.4% to 122.39 US cents/lb, the difference in price between the opening and the end of the month was minimal.
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.
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’s May coffee exports extend downtrend to finish at 6-month low

Desk3 -
HANOI, Vietnam – Vietnam will ship an estimated 120,000 tons (2 million bags) of coffee this month, the lowest volume in six months and a drop of around a quarter from a year earlier, the government said on Monday. This figure would bring the accumulated ...
Culture

South Koreans had 377 cups of coffee on average last year: Report

Desk3 -
SEOUL, South Korea – South Koreans drank a total of 377 cups of coffee per person on average last year, mirroring brisk growth of the sprawling market fueled by a flurry of various franchises, a government report showed Wednesday. The average coffee consumption, based on South Koreans aged over 20, has grown at an ...
Market & Trade

Vietnam beats Brazil to top global coffee exports in March, say reports

Desk3 -
HANOI, Vietnam – Vietnam exported 2.8 million bags of coffee last month, topping Brazil's shipments of 2.71 million bags. Vietnam exported 168,000 tons, or 2.8 million bags, of coffee last month, beating the world's biggest producer Brazil to become the world's largest exporter of the commodity for the second ...
Market & Trade

Market weakens further due to high exports and increasing inventory levels

Desk3 -
LONDON – In March, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure. Despite the poor Conilon/Robusta harvest in Brazil and Vietnam, the market remained well supplied as export levels in the period October 2016 to February 2017 ...
Companies

South Korea ranks world No. 4 for most Starbucks stores per capita

Desk3 -
SEOUL, South Korea – South Korea has the world's fourth largest number of Starbucks Coffee stores in relation to its population, industry data showed Thursday. Starbucks Coffee Korea, the local unit of the U.S. coffee giant, said it has 1,008 stores across the country as of the end of February, meaning one outlet for every 50,000 South Koreans.
Market & Trade

Colombian coffee production increases 12% percent on year in January

Desk3 -
BOGOTA, Colombia – Colombia, the world's leading producer of mild washed Arabica coffee, produced a total of 1.28 million 60-kilo coffee bags in January,...
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