Market analyses and reports on the coffee and coffee machine markets
Coffee prices saw an increase in the last two weeks after a decline was witnessed in February this year, report Deccan Herald. The recent coffee price increase raises hopes for coffee growers as they look at the market with great optimism. Coffee farmers were worried with a downward fall in prices last February. Prices in February reached a five-year low
Farmers are afraid the recent cold weather Kenya is experiencing will curb the flowering of coffee trees, reported Bloomberg. Crop flowering determines the expected yield for harvest. To prepare for flowering, coffee plants need about a month of dry weather before the rain starts in October. Contacted on phone by Bloomberg, Wycliffe Odhiambo Murwayi, managing director of Nairobi-based Sustainability Kenya
A poll by Reuters on 11 traders and analysts showed a price increase across the board with arabica and robusta both experiencing harvest related problems. Weather conditions have affected coffee producers in many countries. Fortune reports the El Niño have affected growers in Asia, especially Vietnam. In Uganda, droughts in the south and south western regions are expected to reduce production.
ASIA – World robusta coffee demand is expected to grow in the coming months, driven by rising consumption in emerging economies, and will sharply outpace stagnant demand for arabica, according to JakartaGlobe that reported a Reuters news. Consumers in emerging economies, notably in Asia, are driving demand growth for robusta, used in cheaper instant coffees, while demand for arabica beans, blended