coffee

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

J. Thomas & Co Pvt Ltd sold 57.0 tonne coffee out of the 193.3 tonne on offer in Bengaluru. The volume sold was 31.9% higher than the previous auction on May 18. Of the total coffee up for auction, 119.3 tonne was of the Arabica variety while 74.0 tonne was Robusta. All sections of domestic trade continued to purchase coffee only for their immediate requirement.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

The USDA Foreign Agricultural Services has revised its estimate for Vietnam coffee production to 26 million bags (1bag=60kg) in 2016-17 (Oct-Sep) from 26.7 million bags due to unusual rains during harvest. Above-normal rains during Oct-Nov delayed harvest of the Robusta crop. Growers generally pick Robusta cherries from the end of October till January. Late rain starting in October through December 2016 did not only slow the picking and drying processes, but caused more physical damage to the beans. This situation also lowered the quality of the beans.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9%.

Coffee production In Brazil in 2017-18 (Jul-Jun) is estimated at 52.1 million bags (1bag=60kg), 4 million bags lower on year. Production of the Arabica variety in the world largest coffee producer is seen falling 11% on year to 40.5 million bags due to the biennial production cycle. Production of the Robusta variety in 2017-18 is estimated at 11.6 million bags, up 1.1 million bags from 2016-17, owing to expectations of a rebound in production in the coffee growing areas of Espirito Santo, Rondonia, and Bahia after three years of drought. For 2017-18, coffee exports by Brazil are seen unchanged on year at 33.03 million bags. Closing stocks of coffee for 2017-18 are seen at 3.88 million bags, lower than 5.41 million bags in the previous season due to the likely fall in production.

The global coffee market is likely to witness a deficit of 6.8 million bags (1bag=60kg) in 2017-18 as demand from North America, European nations and emerging Asian economies is expected to be higher. Global demand for coffee in 2017-18 at 159.8 million bags and production at 153.0 million bags. Strong demand for green coffee from the EU and the US. Brazil’s coffee output for 2017-18 to be at 49.2 million bags, against 54 million bags in 2016-17. The demand from North America is expected to be mainly for premium coffee pods, which have a higher unit price than traditional drip coffee.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

Prices of coffee fell in the international markets as the Brazilian currency real fell sharply against the US dollar. Brazil currency real plunged by 8%, Its biggest daily loss since January 1999. July Arabica coffee contract on the ICE US ended at 129.65 cents a pound, down 1.9% from the previous close and the July robusta coffee contract on ICE Europe settled at $1,984 per tonne, down 0.6%.

Brazil coffee production in 2017 is seen at 45.5 million bags (1bag=60kg), down 11.3%. The South American country’s output of Arabica variety is expected to fall by 18.3% in 2017 to 35.4 million bags due to a negative biennial cycle. Brazil Robusta coffee variety output in 2017, however, is pegged at 10.1 million bags, up 27% due to good climatic conditions and greater use of clonal coffee crop, which gives more yield. The total area under coffee cultivation is also expected to fall by 0.5% to 2.2 million ha because of negative biennial cycle for Arabica coffee and poor rain distribution in the major coffee producing region of Espirito Santo in the last three years.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

The US Agriculture Department Foreign Agricultural Services has estimated India coffee production in 2017-18 (Oct-Sep) at 5.45 million bags (1bag=60kg), up 5.4% from 5.17 million bags pegged in 2016-17 due to pre-monsoon showers in March and April that helped the setting and development of the coffee fruit. Karnataka, rains were 2% above normal in Chikmagalur during Mar 1-May 10, while in Kodagu, rains were 18% above normal and Hassan received 37% above normal rains. The yield of Robusta constitutes over 70% of the total crop, is seen slightly higher than last year due to good rainfall and availability of water for irrigation. The Arabica variety is likely to bear higher fruits than last year.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

J. Thomas & Co Pvt Ltd sold 74 tonne of 243.28 tonne coffee on offer at the auction in Bengaluru on Thursday. The volume of coffee sold was unchanged from the previous auction, held on May 4. Of the total coffee on offer, 154.12 tonne was of the Arabica variety, while 89.17 tonne was the Robusta variety. Roasters purchased superior quality Arabica Plantation variety, while Robusta Parchment coffee received enquiries from exporters.

The international coffee market is seen well supplied in the near term as total export from major growing countries during Oct-Mar is estimated to be up 4.8% at 60 million bags (1bag=60kg). Global supply outlook during 2017-18 (Oct-Sep) is seen positive as initial concerns about frost in Brazil and a shortage of rainfall in Vietnam affecting the crop have eased. Rise in exports during Oct-Mar was mainly due to an increase in supplies of Colombian mild Arabica and other mild coffee grades. Colombia exported 10.3% larger volumes in the first six months of coffee year 2016-17. Shipments of Arabica coffees from origins in the Other Milds group are 16.6% higher than in the same period of the previous year. The rise in export shipments have ensured sufficient global stocks, and thereby have weighed on global prices.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

As the government gears up to roll out the Goods and Services Tax from Jul 1, coffee traders are treading cautiously, unsure of its potential impact. Exporters and domestic traders are not taking long positions and are buying only hand-to-mouth as there is lot of uncertainty surrounding GST taxation rules. Sale of coffee fell over 20% to 74 tonne from 93 tonne sold at the beginning of the season in January. Under GST regime, green beans as well as the ground and roasted coffee may fall under one tax slab, which, according to the trade, is not justified. Industry speculations are rife on what tax rate would be applied on coffee under GST regime, as the government is yet to specify rates for food products.

J. Thomas & Co Pvt Ltd sold 74 tonne of 257.02 tonne coffee on offer at the auction in Bengaluru on Thursday. The volume of coffee sold was 25.4% higher than the previous auction, Of the total coffee on offer, 151.96 tonne was of the Arabica variety, while 105.06 tonne was the Robusta variety. Roasters in the domestic market purchased superior quality Arabica plantation and cherry variety, while merchants continued to be selective in their purchases. Exporters bought Robusta parchment coffee.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.