Market analyses and reports on the coffee and coffee machine markets
According to a news reports by VietnamNet, during the launching of activities to celebrate the Vietnam Coffee Day on December 10, 2016, the Vietnam Coffee and Cocoa Association, VCCA Chairman, Luong Van Ti said the industry is improving its competitiveness by restructuring itself. To meet the target of $5-6 billion for coffee exports by 2030, the industry is planning to
Forecasts show heavy rains in Vietnam will continue to hit it’s biggest growing region in the days ahead, reports Reuters. The heavy rains will further disrupt the 2019/2017 crop harvest, said a report by the government. Vietnam is the world’s highest producer of robusta. Worries about supply has increased as this years harvests have been hampered by rains and the
Raw coffee at it’s highest in Vietnam
The Ministry of Agriculture & Rural Development’s Agro, Forestry & Fishery Processing & Salt Industry has revealed raw coffee prices in the Central Highland provinces of Vietnam has gone up to it’s highest level in 3 years, reports Talk Vietnam. FOB price for Robusta coffee at the Sai Gon Port saw a rise by $88 per to $2,043. Vietnam exported 121,000 tonnes of coffee in the first 10 months of this year. This brought about earnings of up to $246 million with Germany and the US being the two largest export markets holding 15.2% and 13.2% respectively in the first nine months.[Sign in to continue]
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
The Costa Rican National Coffee Congress has upheld a ban on the farming of robusta coffee, two participants at an extraordinary session of its congress said. The NCC is made up of industry and government representatives. They set the Costa Rican national coffee policies. A decree was passed in 1988 to outlaw the production of robusta coffee in order to
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
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
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
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.
Droughts in Uganda may cut down expected coffee exports, a farmers’ group has declared. There is going to be an expected 5% reduction due to droughts, the industry regulator. This is due to extensive droughts that hit the southern and south-western regions of Uganda two months ago. This has strained crop yield. Expected export will drop to 3.6 million 60-kilogram