Asia Coffee-Vietnam supply steady but trade subdued, Indonesia quiet
December 20, 2020
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From brecorder.com HANOI/BANDAR LAMPUNG: Coffee trading remained subdued in Vietnam
In the past, farmers planted, harvested and processed arabica coffee beans, and sold these to collectors. The collectors would then deliver the coffee beans to processing factories, before the green beans were either exported or sold to domestic roasters.
From: goodmenproject.com Indonesia produces around 5.5% of total world coffee
Indonesian President Joko Widodo on Tuesday urged his ministers to prepare for the potentially hazardous impact of an upcoming La Nina weather pattern that can cause flooding, landslides and impact agricultural output.
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 People for the Ethical Treatment of Animals (PETA) said Wednesday, September 9, that Indonesia’s kopi luwak industry, which sells coffee made from digested beans that have been eaten, digested and excreted by civet cats, poses risks to human health and is cruel to the small mammal.
As the specialty coffee sector has been improving rapidly in the past few years, tighter relations has developed between Indonesian downstream industry players (roasters) and coffee farmers.
“In January Unilever announced a strategic review of its global tea business, which includes leading brands such as Lipton, Brooke Bond and PGTips. This review has assessed a full range of options. We will retain the tea businesses in India and Indonesia and the partnership interests in the ready-to-drink tea joint ventures,” the Anglo-Dutch company said on Thursday when it also announced first half results for 2020.
The price of Arabica coffee futures on the Intercontinental Exchange had not traded below $1 per pound from 2006 through 2018.
Arabica coffee futures on ICE fell to a seven-month low on Friday weighed by weakening demand and the prospect of increasing supplies.
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