Showing posts with label arabica coffee. Show all posts
Showing posts with label arabica coffee. Show all posts
Tuesday, October 7, 2014
ICE arabica coffee drops in late-session selloff
* Failure to match 2-1/2 year highs prompts profit-taking
* Coffee traders keeping close watch on Brazil weather
* Lower Q3 cocoa grinds expected (Updates with closing prices, adds market comments, adds byline, NEW YORK dateline)
By Luc Cohen and Nigel Hunt
NEW YORK/LONDON, Oct 7 (Reuters)...
Read more: ICE arabica coffee drops in late-session selloff
Tanzania arabica coffee prices rise on export demand
DAR ES SALAAM (Reuters) – Tanzania’s arabica coffee prices rose at auction last week on the back of higher New York markets, the regulator Tanzania Coffee Board (TCB) said on Tuesday.
Tanzania, Africa’s fourth-largest coffee producer after Ethiopia, Uganda and Ivory Coast, p...
Read more: Tanzania arabica coffee prices rise on export demand
Coffee Futures Soar to 32-Month High, Signal Retail Jump
Coffee futures surged to a 32-month high as persistent drought curbs harvest prospects in Brazil, increasing the odds for higher retail prices.
Dry weather was forecast for the next 10 days after no “meaningful” rain fell over the weekend in Brazil’s main growing regions, Drew Lerner, the presi...
Read more: Coffee Futures Soar to 32-Month High, Signal Retail Jump
More Expensive Cup of Coffee? Beans Soar to 2½-Year High
The sharply rising price for coffee beans means that morning cup of joe could soon get more expensive—again.
Arabica-coffee prices surged to the highest level in 2½ years Monday as dry weather in Brazil raised concerns about next year’s crop.
Coffee prices have nearly doubled this year, with thin...
Read more: More Expensive Cup of Coffee? Beans Soar to 2½-Year High
India: Coffee exports dip 1.7% in 2013-14 crop year
Coffee exports declined by 1.7% to 294,011 tonnes for the coffee crop year ended September 2014 compared to 298,951 tonnes in the previous year. The coffee crop year is between October and September and crop harvesting begins in November and goes up to March.
On a financial year basis, exports...
Read more: India: Coffee exports dip 1.7% in 2013-14 crop year
Coffee surges on dry Brazil weather forecasts
* Dry weather dims outlook for Brazil arabicas output
* Markets eye first round Brazil election result
* London Sugar Week starts
By David Brough
LONDON, Oct 6 (Reuters) – Arabica coffee futures on ICE rose more than 9 percent on Monday to the highest level in more than 2-1/2 years due to...
Read more: Coffee surges on dry Brazil weather forecasts
Thursday, October 2, 2014
Coffee soars near two-year high on Brazil dryness
Arabica coffee futures soared to within 2 cents of a two-year high as forecasts for further dry weather in Brazilian growing areas exacerbated concerns over the country’s 2015 harvest.
Arabica coffee futures for December soared 6.7% to 213.75 a tonne in New York at one point, just below ...
Read more: Coffee soars near two-year high on Brazil dryness
Tanzania arabica coffee prices edge up on strong demand
DAR ES SALAAM (Reuters) – The average price of arabica coffee in Tanzania rose at auction on strong demand, the coffee board said on Wednesday, but no robusta coffee was sold at the auction after growers rejected the low bids on offer.
Ranked Africa’s fourth-largest coffee p...
Read more: Tanzania arabica coffee prices edge up on strong demand
Tuesday, September 23, 2014
Tanzania arabica coffee prices rise, robusta down
DAR ES SALAAM (Reuters) – Average arabica coffee prices in Tanzania, Africa’s fourth-largest producer, edged higher at auction after prices rose in the New York coffee market, the country’s coffee board said on Tuesday.
Prices of the robusta variety of beans fell at the same...
Read more: Tanzania arabica coffee prices rise, robusta down
Colombian coffee output "poised for 20-year high"
Prospects for supplies of arabica coffee received a boost with an estimate that Colombian production could extend its revival to a 20-year high – but concerns over Vietnam fuelled worries over robusta stocks.
The Colombian Coffee Federation estimated at potentially 13m bags next year’s co...
Read more: Colombian coffee output "poised for 20-year high"
Tuesday, September 16, 2014
Raw Sugar Futures Fall
NEW YORK—Sugar prices slipped to the lowest level in more than five years Tuesday on continued expectations that production of the sweetener would outpace demand for a fifth consecutive year.
Raw sugar for October, the most actively traded contract, fell 0.9% to 13.55 cents a pound, the lowest s...
Read more: Raw Sugar Futures Fall
Brazil upgrades coffee crop - but robusta only
Conab underlined the divided fortunes of the country’s coffee growers – raising its estimate for robusta production, and noting the potential for further improvement, while cautioning over arabica prospects.
The official Brazilian crop bureau upgraded by 570,000 bags to 45.14m bags its e...
Read more: Brazil upgrades coffee crop - but robusta only
Friday, September 12, 2014
ICE raw sugar slides to 4-year low, arabica coffee falls
LONDON: Raw sugar on ICE slid to a four-year low on Friday and was poised to end the week down 7 percent to extend a seven-week rout amid plentiful near-term supplies as Brazil harvests a big crop and global inventories swell.
Arabica coffee on ICE futures US fell on increased expectations that...
Read more: ICE raw sugar slides to 4-year low, arabica coffee falls
Wednesday, September 10, 2014
ICE raw sugar hits June 2010 lows, arabica coffee plunges
* Volumes pick up as ICE raw sugar drops to 14.43 cts/lb
* Huge Brazilian output, global inventories pressure sugar
* ICE coffee drops the most since May in late-day sell-off (Adds market comment on coffee; updates with closing sugar, coffee prices, milestones)
By Luc Cohen and David Brough
NEW...
Read more: ICE raw sugar hits June 2010 lows, arabica coffee plunges
Weaker Currencies Cool Coffee, Sugar Prices
Coffee and sugar prices are tumbling as supply concerns ease, but there’s another factor fueling the decline: weak currencies.
The Brazilian real and the Colombian peso have each fallen about 2.8% in September. Those sharp drops are an incentive for producers and exporters to sell their products ...
Read more: Weaker Currencies Cool Coffee, Sugar Prices
Global coffee prices set to soar as supply declines
Coffee prices are set to rise further, as the crop year 2014-15 stares at asupply deficit in the global market. Prices, ruling at 190-200 cents per lb (pound), are poised to move up to 220-230 cents per lb by December.
“Drought in Brazil at the beginning of the crop year will result in global su...
Read more: Global coffee prices set to soar as supply declines
Tuesday, September 9, 2014
Tanzania arabica coffee prices rise, tracking New York market
DAR ES SALAAM (Reuters) – Tanzania’s arabica coffee prices rose at auction last week, tracking higher New York markets as demand increased, the regulator Tanzania Coffee Board (TCB) said on Tuesday.
Prices of robusta coffee beans fell at the second auction of the season, but all t...
Read more: Tanzania arabica coffee prices rise, tracking New York market
Tuesday, August 5, 2014
Unseasonal rains in Brazil send coffee price higher
Volatility has returned to the coffee markets as concerns surface about next year’s Brazilian crop amid unseasonal rains in the largest grower of the commodity.
Prices jumped last week as Brazilian coffee trader Terra Forte downgraded its crop estimate for this year, triggering a rush of buy o...
Read more: Unseasonal rains in Brazil send coffee price higher
Wednesday, July 30, 2014
Brazil"s National Coffee Council Expects Smaller Harvests
SÃO PAULO—Brazil’s National Coffee Council expects the country’s 2014 and 2015 coffee harvests to be about 20% smaller than originally forecast as a severe drought curbs production, the group’s president said.
The council, which represents Brazilian coffee cooperatives, pr...
Read more: Brazil"s National Coffee Council Expects Smaller Harvests
Monday, July 28, 2014
Coffee jumps on Brazilian harvest worries
Coffee prices firmed to a two-month high on continued uncertainty about the size of the crop in Brazil, the world’s largest producer of the commodity.
After hitting a two-year high of $2.19 a pound in April on the back of the drought in Brazil, arabica coffee, the higher quality bean, fell back a...
Read more: Coffee jumps on Brazilian harvest worries
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