Coffee – Weekly Roundup 24/Mar/17

Tight Brazilian supplies will support arabica prices, Rabobank says
Rabobank forecast rising arabica coffee prices, as Brazilian production falls 13% in the 2017-18 season.

[irp posts=”321″ name=”Brazil Arabica Upcoming Production to Drop,Prices will rise – Rabobank”]

Coffee Market to remain in deficit in 2016/17
New York arabica futures touched a near-two-year high in early November and London robusta futures a 5-1/2-year peak in January as concern over the crop outlook in key producers aided sentiment.




Guatemala expects 10% rise in coffee production
Coffee output is expected to reach 3.32 mln 60-kg bags in the current 2016/2017 (Oct/Sep) season, up nearly 10% from 3.03 mln in the previous season, according to the National Coffee Association (Anacafe).

Uganda – Coffee exports rise 46% in February 2017
Coffee exports in February 2017 totalled 397,883 bags, up 46% from 271,941 in the same month last year, the Uganda Coffee Development Authority (UCDA) reported.
Robusta shipments were up 47% at 301,756 bags from 204,921, and arabicas rose 43% to 96,127 bags

Vietnam’s coffee price highest in six years
Coffee prices in Vietnam have reached the highest level in six years owing to the shortage of export-qualified beans after the harvest was hit by rains.




Vietnam – Coffee exports to slow in coming months
Vietnam could fall short of robusta beans in the next two to three months due to rising shipments and dwindling domestic stocks, top exporter Intimex said.

Brazil comes near to losing to Vietnam top rank in coffee exports
Brazilian coffee merchants restated their ability to meet demand, even as data showed the country, coming close to losing top rank in exports to Vietnam – at least, temporarily – as robusta shipments fell to a multi-year low.

Vietnam – Trade Ministry asks India to drop coffee import ban
The Trade Ministry said it asked India to drop its temporary ban on imports of six commodities including coffee and pepper.
The Indian ban on Vietnamese products came into effect on March 7, after Vietnam said it would temporarily stop importing five India

[irp posts=”317″ name=”Vietnam request India to abolish ban on import of its six commodities”]

Vietnam – India lifted coffee import ban
India’s government has lifted its temporary ban on the import of six commodities from Vietnam including coffee and pepper, Reuters cited the Trade ministry as saying.
The ban on Vietnamese products came into effect on March 7, after Vietnam said it would

Vietnam – Nestle vows to promote Vietnamese coffee in international markets
The Nestle Group is carrying several major projects with the aim of popularizing Vietnamese coffee among coffee consumers all over the world and making Vietnam an international reference for robusta coffee, said a Nestle executive.

Italy – Coffee to get more expensive in Rome
The price of coffee in Rome will rise by ten to 20 cents by the end of the summer, the city’s bar authority said.

Di Bella look to expand India presence, sell instant coffee
Australian coffee chain Di Bella Coffee is expanding its presence in Mumbai and entering Delhi, Bangalore, and Gujarat while also working on selling packaged instant coffee under the Di Bella brand.

Source:

1.Agrimoney.com

2.Agranet.com