Author: Diana Diaconu

Africa’s Top Coffee-Exporter Output to reach its highest in 2016-17

The biggest coffee exporter in Africa is likely to increase its output by 5 percent next season since trees planted in Uganda in the past few years started producing. The nation’s regulator said that weather improvement played a major part (Bloomberg.com). Also, Bloomberg reports that coffee production through September 2017 is estimated to climb to 4.2 million 60-kilogram (132-pound) bags, from 4 million bags projected for the season ending

ICE proposes changes to London robusta coffee contract

Intercontinental Exchange Inc. has proposed changes to its robusta coffee contract, said people familiar with the matter. These changes are made in order to provide a level playing field for all buyers and sellers, Bloomberg reports. Traders bringing coffee from producing countries to be delivered against ICE’s London futures would have to pay the fee for removing the beans from

Ecom coffee trading reaches $1.9 billion in Italy

Ecom Agroindustrial Corp. is expanding its business in Europe with a new office in Italy, as reported by Bloomberg. The world’s second-largest coffee trader just opened their office in Genoa, according to Guillaume Zbinden, Ecom’s southern Europe coffee manager. Also, the trader hired Davide Rocca from Louis Dreyfus Co. to lead the team in Italy, which is the third-largest coffee

Europe trade slows but Indonesian robusta rises

Physical robusta coffee trade in Europe has begun to decrease during the summer holiday. However, traders said that flows of Indonesian robusta coffee have strengthened after a futures rally and a late start to harvest, as announced by Business Recorder. Since cash trade slowed in Europe and a number of factories were set to shut for a few weeks during