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July 3rd, 2012
Coffee Futures – Sugar futures on ICE rose on Tuesday, with the October contract hitting a two-month high, boosted by delays to top producer Brazil’s harvest after wet weather.
Arabica coffee was also supported by concerns over the impact of rain on the quality of the coming crop, with prices firming, while cocoa was also up slightly.
Raw sugar futures on ICE rose, also supported by unseasonably heavy rain in Brazil which is delaying the harvest, although a spell of drier weather has now begun.
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June 15th, 2012
Coffee Futures – Buyers of fine coffee from Brazil, the world’s largest producer, are getting a smaller discount as rains delay harvesting and threaten quality.
Fine cup beans for July and August shipment were at a discount of 11 cents a pound to the price on the ICE Futures U.S. exchange in New York, according to Rio de Janeiro-based broker Flavour Coffee. That compares with a discount of 12 cents last week, data from the broker show.
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May 23rd, 2012
Coffee futures sank to a 21-month low on mounting concern that Europe’s debt crisis is eroding demand prospects as exporters boost sales in Brazil, the world’s largest grower. Sugar and cocoa also slid.
Global coffee output may outpace demand by 5.3 million bags in the year that starts in October, Rabobank International said May 21. The crop in Colombia, the largest producer of arabica beans after Brazil, will improve in the second half of the year and will rise in 2013 from this season, the head of the National Federation of Coffee Growers said yesterday. The Brazilian real extended losses to a three-year low. Global equities fell on signs the European crisis is worsening.
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May 21st, 2012
Coffee Futures – Rains in coffee growing areas in Brazil, the world’s largest producer of the commodity, are likely to delay harvesting by as much as 30 days, according to the country’s National Coffee Council, known as CNC.
The wetter weather will delay the picking of arabica beans especially in Sao Paulo and Minas Gerais, the country’s main growing state, CNC said in a report e-mailed May 18. Coffee areas will get more rainfall for the week starting on May 23, Marco Antonio dos Santos, an agronomist at forecaster Somar Meteorologia, said in an e-mailed report on May 16.
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