Market analyses and reports on the coffee and coffee machine markets
According to ICO , market weakens further due to high exports and increasing inventory levels. In March 2017, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure. The monthly average of the composite indicator was down by 2.6% to 134.07 US cents/lb in March from 137.68 US cents/lb recorded in February. The
In February 2017, Brazilian president Michel Temer suspended the plans of local coffee processors to import Robusta from Vietnam. Brazilian farmers have already been protesting against the idea. President Temer’s decision has temporarily put a stop to the dispute between the growers and processors of the country, reports Bloomberg.com. This attempt by the world’s biggest coffee grower to import green
The increase in prices of coffee to nearly one third brought about a rise in the value of Kenyan coffee to up to 69% in the first three months before December 2016. This increase in earnings was explained by an upsurge in direct export sales and an improved productivity. Earnings between October and December saw an increase from Sh2.6 billion compared
According to a recent post published by fortune.com coffee price is going up 6% on brands like Folgers and Dunkin Donuts. The reason cited behind the price hike of packaged coffee sold in the US by The J.M. Smucker Co, is the increase in the prices of green coffee. Arabica coffee futures were hitting their highest in a period of
Coffee farmers and traders in Uganda are happy as coffee prices have gone up this season as compared to same period last year (reports All Africa). Ugandan Coffee Farmers Smile The price of fresh coffee cherries has gone up to Shs1,200 per kilo compared to Shs800 last year, meanwhile a kilo of dried robusta coffee is Shs2,400 compared to Shs2,000
Cofix Group Ltd has expanded its coffee chain in Moscow, Bloomberg reports. The Israel low-cost coffee chain has a reduced price on its cappuccino brand compared to Starbucks Corp’s price in order to lure in Russian coffee consumers. Created in 2013, the Tel Aviv-based company has 152 shops in Israel. Russia is its first expansion market out of Israel and
Cameroon’s Cocoa and Coffee Inter-Professional Council’s New Generation Program creates 234 hectares of coffee farms since it was launched in 2012, reports Business in Cameroon. The program is aimed at reviving the cocoa and coffee plantations as well as encourage youths in the production of the cash crops by lowering the age of producers. According to the report, the newly
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
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.
The world sixth largest coffee producer, India, depends on its Southern State of Karnataka for around 70% of the country’s total coffee yield. But the severe weather conditions, with high temperatures and low rainfalls hitting the coffee plants at the important flowering stages, are to impact the fruit formation badly hence affecting the overall expected yield; reported Reuters India. The state-run