| Commodity Market News |
Vietnam's coffee exports surge 69 pct in July
27 July 2010
Vietnam's coffee exports this month surged almost 70 percent from the same month last year to an estimated 90,000 tonnes, or 1.5 million bags by the end of July this year. July shipment brought exports of the commodity in the first 10 months of the 2009/2010 crop year to 1.03 million tonnes, or 17.2 million 60-kg bags, up only 1.1 percent from a year earlier, the General Statistics Office said in its monthly report.
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Tata coffee to foray into Africa
15 July 2010
Tata Coffee, Asia’s largest publicly traded grower of the bean, may invest Rs 1.3 billion in a factory to make instant coffee in Africa to meet rising global demand.
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Vietnam coffee crop seen at 18 million bags
10 July 2010
Vietnam may not see a rise in coffee output in the 2010/11 season, according to the International Coffee Organization’s June report that pegs production for the next crop year at 16 -18 million bags.
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Robusta coffee at 15-month high, sugar down
03 July 2010
Robusta coffee hit a 15-month high supported by a stocks drawdown, and sugar prices slipped after manufacturing data from China showed growth was slowing, raising doubts about the global recovery. But dealers are generally of the view that the coffee market remained vulnerable to fund activity, attributing the recent rally to fund buying rather than any fundamental change to the outlook for supply and demand.
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Coffee hits 7-month high
11 June 2010
Robusta coffee rose to a seven-month high in London on concerns that lower production will lead to right supplies. Global coffee production will be 120.6 million bags in 2009-10, compared with 128.1 million bags a year earlier.
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Colombia coffee output rises, exports dip in May
11 June 2010
Colombia's coffee production rose 17 percent in May while exports fell 1 percent, but the Andean nation will probably near its lowered mid-year target.Colombia, now the world's No. 4 coffee exporter after a dip in output, saw its production fall sharply last year due to drought, some insect infestation and a tree renovation program that took some areas out of production.
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Colombian coffee benefited from good rains in April
26 May 2010
After seven months of drought, Colombian coffee-growing regions recorded abundant rains in April that marked a turning point for plantations that are recovering with higher output and better quality beans. Rainfall returned to normal levels last month compared with historic averages in some coffee-producing areas, while in others the rains were even better than the average, the National Coffee Research Center (Cenicafe) said.
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El Salvador April coffee exports drop 40 pct yr/yr
19 May 2010
Coffee exports from El Salvador dropped 40 percent in April to 117,970 60-kg bags.The exports were 195,944 bags in April last year.
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Brazil '10/11 coffee output to rise to 47 mln bags
10 May 2010
Brazil's governmental crop agency Conab, has estimated the 2010/11 crop about to be harvested at 47.04 million 60-kg bags, which would be more than in the last large harvest two years ago but shy of a 2002/03 record.
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Brazil April green coffee exports down 12 pct/yr
10 May 2010
Brazil exported 1.98 million 60-kg bags of green coffee in April, down 12 percent from 2.25 million bags in the same month a year ago.Total green coffee shipments in March were 2.39 million bags.
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