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coffee prices

Arabica coffee slips

Arabica coffee slips

LONDON: Arabica coffee futures on ICE fell on Friday as the market consolidated after hitting a four-year peak in ...
Published 09 May, 2021 03:20am
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
Mexico coffee leader touts state control of prices to help farmers
Markets

Mexico coffee leader touts state control of prices to help farmers

  • Price controls for coffee were mostly abandoned years ago due to the difficulty of reaching global agreements on supply, exposing farmers to sharp price crashes. In 2019, the world's third-largest producer, Colombia, introduced subsidies for coffee growers and, along with Brazil, called for supply caps.
  • Lopez Obrador has authorized price floors for other agricultural commodities, including Mexico's staple corn, but has to yet to carry through on most of his coffee campaign promises.
Published 12 Apr, 2021 08:54pm
London cocoa prices fall as May's discount widens
Markets

London cocoa prices fall as May's discount widens

  • May London cocoa was down by 39 pounds, or 2.4%, to 1,602 pounds a tonne.
  • May raw sugar rose by 0.45 cents, or 3.0%, to 15.63 cents per lb.
  • May arabica coffee rose by 0.3 cents, or 0.2%, to $1.2815 per lb.
Published 09 Apr, 2021 08:58pm
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 slumps to three-month low, coffee also down
Markets

Raw sugar slumps to three-month low, coffee also down

  • May raw sugar fell by 0.12 cents, or 0.8%, to 15.07 cents per lb.
  • "The funds, who started the year in a very ebullient mood (on sugar), seem to be throwing in the towel as prices fall through key support levels," analyst Green Pool said in a weekly market update.
Published 29 Mar, 2021 06:46pm
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
Uganda coffee
Markets

Uganda coffee

KAMPALA: Uganda’s coffee exports surged 16% in February from the same month last year, helped by yields from newly...
Published 25 Mar, 2021 05:08am