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
Author: Diana Diaconu
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
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,
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.