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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coffee futures

coffee futures

June 10, 2014

Coffee output in Vietnam, the top grower of robusta beans used by Nestle SA and Mondelez International Inc., will probably decline in the year starting October as yields shrink after a record crop.

The harvest may contract by 4 percent to 1.64 million metric tons from 1.71 million tons a year earlier, according to the median of 12 trader and analyst estimates compiled by Bloomberg. Unsold inventories with farmers were equivalent to 19 percent of production by the end of May, from 20 percent at the same time last year, the survey showed.

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coffee futures options

coffee futures

June 2nd, 2014

Brazil coffee growers may face less severe losses than officially estimated as the first harvested beans indicate that rains last month reduced the impact of the worst drought in 50 years, the agriculture minister said.

Brazil’s crop forecasting agency Conab reduced last month its estimate for this year’s coffee output to 44.6 million bags, from a January forecast of 46.5 million to 50.2 million bags. The forecast may be revised by the end of the harvest, Minister Neri Geller said in interview yesterday. Each bag weighs 60 kilograms (132 pounds).

“I’m not going to give figures, but we expect that the output can be higher than that,” Geller said in an interview from his office in Brasilia. “And growers manage to take good care of the trees because the prices have gone up, so we will have a bumper crop for next year.”

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