coffee producer

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

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 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
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
Raw sugar edges higher while arabica coffee also gains
Markets

Raw sugar edges higher while arabica coffee also gains

  • May raw sugar rose by 0.02 cents, or 0.1%, to 15.45 cents per lb.
  • May white sugar rose by $4.40, or 1%, to $444.90 a tonne.
  • May arabica coffee rose by 0.15 cents, or 0.1%, to $1.2775 per lb after dipping to a two-week low of $1.2650.
Published 24 Mar, 2021 09:54pm
Raw sugar prices fall as Brazilian currency weakens
Markets

Raw sugar prices fall as Brazilian currency weakens

  • A weaker real encourages Brazilian exporters to sell dollar-priced commodities such as sugar and coffee because it raises their returns in local currency terms.
  • Dealers noted buying emerged around the day's low of 15.55 cents a lb, a level where it also found support on Friday and in early February.
Published 22 Mar, 2021 08:30pm
Raw sugar prices edge up, cocoa and coffee weaken
Markets

Raw sugar prices edge up, cocoa and coffee weaken

  • May raw sugar rose by 0.03 cents, or 0.2%, to 15.79 cents per lb.
  • May London cocoa fell by 13 pounds, or 0.75%, to 1,723 pounds a tonne.
  • May arabica coffee fell by 0.65 cents, or 0.5%, to $1.2835 per lb.
Updated 22 Mar, 2021 06:30pm
Shares in Italian motorway group ASTM soar on buyout offer
Markets

Shares in Italian motorway group ASTM soar on buyout offer

  • The approach follows similar moves this year in Italy at coffee producer Zanetti and packaging equipment firm IMA as investors take advantage of record low interest rates.
  • A drop in motorway traffic caused by the pandemic had driven ASTM shares down to Friday's close of around 20 euros from 25 euros a year ago, just before COVID-19 contagion hit Italy.
Updated 22 Feb, 2021 10:04pm