Arabica coffee futures jumped again, taking gains for the week to 8% – and rebuilding their premium to robusta beans – amid “worrisome” forecasts for further dryness in major Brazilian growing areas. New York-traded arabica coffee futures for December, the best-traded contract, closed up 2.7% at 141.40 cents a pound, the highest finish in a month. The gains came amid fresh concerns over dryness in central Brazil, worries which have spurred gains in soybeans futures too, for which the country’s sowings window is opening, and which have gained further traction with the increased chance of a La Nina, which has a history of curbing rains in parts of the country.
More: http://www.agrimoney.com/news/arabica

Coffee futures are “vulnerable to an upside run”, thanks to the threat to Brazilian output from insect pests, analyst Judith Ganes-Chase said, cautioning over “some angst” over Vietnamese production too. With 2018 an “on year” in Brazil’s cycle of alternate higher and lower arabica output years, and dryness easing in robusta-growing districts, it could “see production top 60m bags” in the top coffee-growing country, setting a record high, Ms Ganes-Chase said.
More: http://www.agrimoney.com/news/coffee

 

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Can cold brew perk up sleepy coffee markets?
Surging sales of the trendy summertime drink have companies including Starbucks Corp. and Dunkin’ Donuts expanding offerings. For roasters and producers, cold brew can lead to more bean sales at a time of year when demand traditionally slackens. The need to soak up extra supply is especially important with the price of arabica coffee futures in New York dropping as much as 21 percent in the past year and the pace of demand growth in the U.S. forecast to slow.
More: https://www.bloomberg.com/news/

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  • Latest from Kencaf.com

    • Arabica futures jump again, as Brazil dryness worries mount

      Arabica coffee futures jumped again, taking gains for the week to 8% – and rebuilding their premium to robusta beans – amid “worrisome” forecasts for further dryness in major Brazilian growing areas. New York-traded arabica coffee futures for December, the best-traded

    • Coffee prices ‘vulnerable to upside run’ on Brazil pest outbreak

      Coffee futures are “vulnerable to an upside run”, thanks to the threat to Brazilian output from insect pests, analyst Judith Ganes-Chase said, cautioning over “some angst” over Vietnamese production too. With 2018 an “on year” in Brazil’s cycle of alternate

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