coffee futures news

coffee futures news

June 9th, 2016

Coffee exports from Indonesia, the fourth-ranked bean shipper, fell to the lowest in nearly four years, hurt by the dent to production from dryness blamed on El Nino.

Indonesia’s coffee exports fell to 21,100 tonnes in March, the lowest since April 2012, data from the Indonesia’s Central Bureau of Statistics showed.

Indonesia – the world’s third-largest producer of robusta coffee beans, after Vietnam and Brazil – harvested around 11.4m bags in 2014, according to latest data from the country’s Ministry of Agriculture, Directorate General of Estate Crops.

The Association of Indonesian Coffee Exporters (AICE) has pegged estimates of 2015 output at 11.3m bags and expects output to decline by 8% to 10.4m bags in 2016-17.

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coffee futures quotes

coffee futures quotes

October 6th, 2014

Coffee futures surged to a 32-month high as persistent drought curbs harvest prospects in Brazil, increasing the odds for higher retail prices.

Dry weather was forecast for the next 10 days after no “meaningful” rain fell over the weekend in Brazil’s main growing regions, Drew Lerner, the president of World Weather Inc. in Overland Park, Kansas, said yesterday in a telephone interview. Arabica-coffee prices have almost doubled this year as drought cut 2014 output and dimmed the outlook for 2015 in Brazil, the world’s top producer and exporter.

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