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coffee exports

Raw sugar hits highest in more than 4 years
Markets

Raw sugar hits highest in more than 4 years

  • December New York cocoa rose 0.4% to $2,593 a tonne, having hit a five-month high of $2,607 earlier
  • December arabica coffee rose 0.1% to $1.8985 per lb. It hit a nearly seven-year high above $2 per lb late July
Published 13 Aug, 2021 05:58pm
Uganda's coffee exports up 20pc yr/yr March
Markets

Uganda's coffee exports up 20pc yr/yr March

  • The east African country's is Africa's largest coffee exporter and earnings from the crop constitute the second largest source foreign exchange after gold.
  • Shipments in March rose to 572,839 60-kg bags compared to exports in the same period 12 months earlier, state-run Uganda Coffee Development Authority (UCDA) said in a report.
Published 20 Apr, 2021 08:14pm
Raw sugar recovers from 3-month low; coffee, cocoa gain
Markets

Raw sugar recovers from 3-month low; coffee, cocoa gain

  • May raw sugar rose 0.7% to 14.88 cents per lb.
  • "We forecast the global market in an 8.5 million tonne surplus in both 2020/21 and in 2021/22. In 2021/22, production will recover in the EU, Thailand and Russia among others," said Fitch Solutions.
Published 01 Apr, 2021 08:11pm
Coffee maker Lavazza sees full sales rebound in 2021, eyes M&A
Markets

Coffee maker Lavazza sees full sales rebound in 2021, eyes M&A

  • Last year the family-owned company recorded sales worth 2.085 billion euros as its retail business only partly compensated for a drop in out-of-home coffee consumption.
  • Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at 253 million euros in 2020, down 13% on 2019.
Published 01 Apr, 2021 06:21pm
Raw sugar futures rise, coffee also climbs
Markets

Raw sugar futures rise, coffee also climbs

  • May raw sugar rose by 0.08 cents, or 0.5%, to 15.17 cents per lb.
  • May arabica coffee rose by 2.05 cents, or 1.6%, to $1.2865 per lb. The contract dipped to a low of $1.2520 on Thursday, its weakest since Feb. 17.
Published 26 Mar, 2021 05:45pm