From sify.com Brazil, the world’s leading coffee producer and exporter,
Brazil is tightening its grip on the global arabica coffee market as its beans surge into ICE Futures exchange warehouses for the first time, a move that could squeeze small producers out of the market and put pressure on benchmark prices.
From: gro-intelligence.com After a bumper 2020 harvest, La Niña has
Prices of coffee, this year’s worst-performing major agricultural commodity, may get a boost from La Nina as the weather phenomenon threatens Brazil’s next crop.
Up to 45 producers and 56 types of speciality-grade coffee from 12 countries will join the first “Singapore Virtual (Micro Lot) Specialty Coffee Auction” on Thursday from 2pm to 4pm Bangkok time.
The world is overflowing with coffee beans, sending futures for the arabica variety to the worst weekly slump since 1998. The glut is so bad that warehouses in Brazil, the world’s biggest grower and exporter, have never been this full.
Brazil has an unprecedented coffee problem — too many beans and nowhere to store them.
Warehouses in the world’s largest coffee exporter have never been so full, and trucks in Brazil’s coffee heartland are waiting days to unload cargo collected from a record crop during a time when global demand is waning.
Nestle SA is producing at full tilt in Brazil as it responds to a lift in coffee demand from house-bound drinkers and builds inventories to guard against supply disruptions.
Coffee lovers, here’s something to be grateful about. Unlike paper towels, disinfectant or yeast, coffee has never been hard to find during the pandemic.
A rare batch of Brazilian arabica coffee has been certified as deliverable by the ICE exchange, reinforcing bets that rising stocks from the world’s top producer will soon start to alleviate supply worries and weigh on futures prices.