ico-report-sep-2016The coffee market settled up by 5.5% in September, mostly driven by a steady increase in Robusta prices supported by concerns over future supply. This brings coffee year 2015/16 to an end, and we have revised our production estimate up to 148 million bags. With world consumption revised slightly lower to 151.3 million bags, this gives a global deficit of 3.3 million bags. This revision is part of an in-depth review of the statistical data published by the ICO, following the discussions during the 117th Session of the Council held in London in September 2016. This process is beginning immediately and results will be published as they become available.
More: https://icocoffeeorg.tumblr.com/post/151788860795/coffee-market-ends-201516-in-deficit

Coffee futures extended gains in New York, and set a fresh two-year high in London, as worries over “huge supply concerns” in top producer Brazil for 2017 added to worries over the newly-started harvest in Vietnam.
Arabica coffee futures for December, which in the last session closed at the highest for a spot contract in eight months, added a further 0.6% to stand at 158.00 cents a pound in early deals in New York.

Procafe unveiled a downbeat estimate for Brazilian coffee production next year, foreseeing drops in output of both arabica beans and robusta supplies – which topped R$500 a bag for the first time.
The research group, in its first forecast for 2017 output by the world’s top coffee-producing nation, pegged it at 39m bags – a drop of some 20% from the near-49m bags achieved this year.
Procafe has a reputation for conservative estimates – as do the government agency Conab and the CNC producers’ group to which it is seen as being somewhat aligned.
Indeed, its forecast for a 28m-32m bag arabica crop next year is well below the 37m-38m bag estimate from Cooxupe, the producers’ co-operative giant.
More: http://www.agrimoney.com/news/brazil-robusta-price

JAB Holding Co., the European investment firm that has quietly acquired many of the best-known U.S. coffee and food brands, is beginning to put the pieces together in its bid to build a caffeine empire.
The company, backed by Austria’s billionaire Reimann family, has developed a fleet of co-branded restaurants that highlight its properties. The chain, called simply Coffee & Bagels, offers Caribou java and Einstein Bros. bagels — an effort to entice customers by wrapping its existing brands in a new package. JAB’s Caribou business is now taking the mashup concept a step further with new cafes that also tout Argo Tea, a brand it licenses but doesn’t own.
The plan underscores the challenges facing the sprawling JAB. The company has quickly assembled a startling array of brands: In addition to Caribou and the Einstein Noah Restaurant Group, it has Stumptown Coffee Roasters, Keurig Green Mountain, Krispy Kreme Doughnuts Inc., Jacobs Douwe Egberts and Peet’s Coffee & Tea, among others. But it hasn’t been clear how linking up the names will make them stronger.
More: http://www.bloomberg.com/news/articles/2016-10-18/

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