Coffee – Weekly Roundup 7/Apr/17

Brazil – Conab sells all 3,733 bagsof coffee in auction
Conab, the crop supply agency of the federal government, sold all 3,733 bags of arabica coffee in an auction on April 6, zeroing out public stocks for the first time in at least ten years, Reuters reported.

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Coffee Prices Steady with Lack of Fresh Drivers
With light trading volumes and a lack of fresh fundamental drivers leaving traders reluctant to bid the commodity in either direction.

Asia Coffee-Prices fall in Indonesia amid harvest; Vietnam on holiday
Prices of Indonesian coffee beans extended their decline this week amid harvest, while trade in rival Vietnam was light as supply thinned.

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Attendance up at Asia Pacific’s largest specialty coffee event
A booming crowd of almost 10,000 coffee enthusiasts have made their way to the Melbourne Showgrounds over three days for the sixth annual Melbourne International Coffee Expo (MICE).
 
Colombia – Coffee production rises 8.1% in March 2017
Production of washed arabica coffee in March 2017 amounted to 1.020 mln 60-kg bags, up from 944,000 in the same month last year, the National Coffee Growers’ Federation (Fedecafe) said.

Honduras – Coffee growers flag risk from new leaf rust strain
A new outbreak of the destructive leaf rust fungus locally known as roya could damage the 2017/18 coffee harvest if preventative measures are not taken against it quickly, leading national coffee industry associations said.

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Brazil – Coffee exports hit three-year low in 2016/17
Coffee exports in March totalled 2,491,398 60-kg bags, up from 2,308,198 in the prior month but below 2,775,269 in the same month last year, Trade Ministry data show.

‘World’s strongest coffee’ now available in US
A South African blend marketed as “Black Insomnia” and billed as the world’s strongest cup of joe is now available in the U.S.

Indonesia – March Lampung coffee exports rise by 28% on the year
Robusta coffee bean exports from the main growing area of Lampung/Sumatra totalled 16,789 tonnes (279,823 60-kg bags) in March 2017, up from 14,322 (238,695) in February and 13,083 (218,045) one year earlier.

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Coffee prices drop 16% at latest Nairobi auction
The price of coffee at the Nairobi Exchange has declined by 16 per cent in the latest weekly sale as low quality beans take a toll on the value.

United States – Hawaii coffee production rises 5% in 2016/17
The preliminary Hawaii utilised coffee production is estimated at 36.4 mln pounds (cherry basis) for the 2016/17 season, up 5% from the previous season, the USDA reported

Honduras – March coffee exports rise by 62% on the year
Coffee exports in March 2017 amounted to 1,027,214 60-kg bags, up 62% from 633,594 in the same month last year on higher output, the National Coffee Institute (IHCAFE) said.

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Coffee lovers urged to give to Peru flood appeal
The coffee world is being urged to pull together to help farming communities affected by the recent devastating floods in Peru.

Warming temperatures could lead to coffee crisis – study
New research from Oregon State University (OSU) shows even short heatwaves mean Coffea Arabica plants – the most common coffee plant – render them unable to produce flowers and fruit.

Source:

1.Agrimoney.com

2.Agranet.com

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Coffee futures update – 07/apr/17

May arabica coffee closed up 0.45 cent, or 0.33 percent, at $1.3775 per lb. Support remained fragile with light trading

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