Vietnam, the world’s largest producer of the Robusta variety used in instant coffee and espresso, expects a larger crop this season, increasing global supply and putting pressure on prices, which have fallen more than 10% in the past two months. According to separate provincial estimates acquired by Bloomberg, the five provinces in the Central Highlands […]
VIETNAM EXPECTING LARGER CROP THIS HARVEST SEASON Read More »
Brazilian coffee exports summary Brazilian coffee export revenues reached a high and fetched good prices in domestic and foreign markets, according to the monthly Cecafe August report available in full here. Revenues from Brazilian shipments reached an all-time high of US$5.904 billion (YTD) in August, up 61.4% from US$3.659 billion in the first eight months
CECAFE MONTHLY REPORT SUMMARY FOR AUGUST 2022 Read More »
Within the coffee world all the talk is of the third wave, referencing the highest quality coffee beans sourced from distinct farms and roasted lightly to enhance their flavor profiles. Coffee from these beans is also prepared in a variety of devices, including sophisticated espresso machines, pour-overs, Chemex, and Aeropress. But there is another method
A NEW GENERATION OF SINGLE SERVE Read More »
Colombia’s National Federation of Coffee Growers recently published its revised forecast for the 2021/2022 harvest. The organisation predicts that Colombian coffee production will fall to an eight-year low this year. An industry leader told Reuters that a decline in plantation renovation and fertiliser use poses problems for future harvests. The report shows a fall of
YTD COLOMBIAN COFFEE PRODUCTION DROPS 10% Read More »
India’s National Commodity and Derivatives Exchange (NCDEX) will launch limited futures contracts for Robusta coffee, according to a report by financial news source Reuters. India, which is the world’s sixth largest producer of coffee, will start with 3 contracts expiring in February, March and April 2023. The purpose of a futures contract is to allow
INDIA’S NCDEX LAUNCHES ROBUSTA FUTURES CONTRACTS Read More »
I was recently sent a review copy of a new book from the Anthropologist Ted Fisher and asked if I’d like to review it. At the time, I had 12 books stacked by my reading chair, and I might have sounded less than enthusiastic. The pdf sat on my hard drive for a couple of
“MAKING BETTER COFFEE.” INTERVIEW WITH AUTHOR TED FISHER ON HIS NEW BOOK. Read More »
According to a report by the Nairobi Coffee Exchange, sales at Kenya’s coffee auction rose to $210.7 million in the last 11 months of the marketing cycle ending in September. This is a huge increase from the $129.8 million in the same period last year. The growth in revenue is due to a combination of
NAIROBI COFFEE EXCHANGE REPORTS 53% HIGHER VOLUMES BUT WARNS ON FUTURE Read More »
On Thursday, Brazil’s 2022/23 coffee harvest was estimated at 58.2 million 60 kg bags, 2.9 million bags less than originally expected. The reason for the lower harvest is poor weather conditions in the main growing areas. According to Brazilian agricultural consultant Safras & Mercados, this downward trend applies to the Arabica variety, which trades at
BRAZILIAN COFFEE CROP EXPECTED TO BE LOWER IN 2022/23 Read More »
Analysis In January, we wrote about the Green Coffee Company’s plan to become the biggest coffee company in Colombia when we wrote: “‘The Green Coffee Company (GCC), has raised the required funds for its Series B funding round, which was increased by USD $3.5m to 13.2 million, due to high demand” In the latest press
$100M FINANCE PLAN BRINGS GREEN COFFEE COMPANY CLOSE TO REALISE AMBITIOUS PLAN Read More »
Summary Brazilian exports have fallen by 5.9% in the last 7 months of the year. Foreign exchange revenue for shipments between January and July 2022 reached the all-time record of USD 5.231 billion, which is a 62.4% growth from the same period last year. Foreign exchange revenue recorded USD 583.7 million, a 40.3% increase in
CECAFE MONTHLY REPORT SUMMARY FOR JULY 2022 Read More »
According to the July 2022 International Coffee Organisation (ICO) Market Report, the composite indicator of coffee prices (I-CIP) decreased by 5.7% between June and July 2022, averaging 190.82 US cents/lb. The Secretariat considers multiple sources for generating supply and demand balance sheets for non-Members and uses the concept of the marketing year, which is the
I-CIP REVERTS TO BELOW 200 US CENTS/LB IN JULY 2022 Read More »
KEY POINTS Brazil exports 39.6 million coffee bags in the 2021/22 harvest and registers record revenues of USD 8.1 billion The result represents a 13.3% drop in volume but a 38.7% increase in dollar amount when compared to 2020/21 According to the council’s president, Günter Häusler, in view of the reduced harvest due to the
BRAZIL COFFEE EXPORT REPORT SUMMARY – JUNE 2022 Read More »
