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Colombia May coffee output up 12pc on year, exports slip BOGOTA: Colombia produced 1.05 million 60-kg bags of arabica coffee in May, up 12 percent from the same month last year, the national coffee growers' federation said on Wednesday, while exports slipped 3 percent to 831,000 bags.Colombia's mild arabica coffee output is rebounding after a run of poor harvests caused by roya, or leaf rust fungus, and poor weather. The farmer-funded federation did not give a reason for the small year-on-year decline in exports.The federation expects output of 11.4 million 60-kg bags this year, it said in March, up from 10.9 million in 2013 and just 7.7 million bags in 2012. Copyright Reuters, 2014 ...

Gold hits 4-month low, longest losing streak in 7 months NEW YORK: Gold prices edged lower for a fifth day in a row on Monday, marking their longest losing streak in seven months, as investors remained glued to ebullient equity markets after US stocks hit another record high.Caution ahead of the latest European Central Bank policy meeting and a rash of key US data due this week also kept gold bulls at bay.The spot price of gold was down 0.7 percent at $1,242.90 an ounce ...
Cocoa at highest since 2011 NEW YORK: Cocoa futures rose on Friday to their highest level in 32 months, buoyed by the potential for a deficit in the 2014-15 crop year, while arabica and robusta coffee saw their weakest monthly performances since September 2011.Raw sugar prices on ICE Futures US fell, dragged by a weak physical market. Cocoa futures on both ICE and Liffe rose to their highest in around 33 months, after gaining for 10 of the past 11 ...
Gold flat, pares losses as data shows US GDP shrank NEW YORK/LONDON: Gold traded flat on Thursday, bouncing off its lowest level in nearly four months after data showing that the U.S. economy contracted in the first quarter for the first time in three years.The U.S. Commerce Department estimated that gross domestic product shrank in the first quarter at a 1.0 percent annual rate. Economists blamed severe winter weather, and the stock market took the news in stride, with all three major U.S. stock indexes ...
Corn, wheat hit near 3-month low on improved crop weather CHICAGO: US grain futures fell more than 1 percent on Tuesday, with corn and wheat hitting roughly three-month lows, as favorable crop conditions and signs of easing tensions in major export hub Ukraine sparked investor long liquidation, traders said.Bull spreading in Chicago Board of Trade corn and soybean futures saw new-crop contracts posting larger declines than nearby contracts, reflecting forecasts for mostly dry conditions for planting in the US Corn Belt.Analysts on average expected the ...
El Salvador coffee exports down sharply in April on roya damage SAN SALVADOR: Coffee exports from El Salvador dropped by 50.3 percent in April compared with the same month last year due mostly to ongoing damage from the tree-killing fungus roya, the country's national coffee council CSC said on Monday. Shipments in April totaled 64,052 60-kg bags. "Many factors affect exports, but the biggest one has been the impact of roya," said a CSC spokesperson. Exports during the first seven months of the current 2013/2014 harvesting ...
China says importing small amount of Brazilian corn BRASILIA: China has imported a small amount of corn from Brazil since official approval for the purchases went into effect on March 31, the Asian country's ambassador said on Monday.China's main corn supplier is usually the United States, but shipments were curbed earlier this year after officials turned away some 1 million tonnes due to the presence of a genetically altered strain that was not approved by Beijing."So far we are importing a very limited ...


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