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Yahoo
3 days ago
- Business
- Yahoo
Coffee Prices Underpinned by Frost Concerns in Brazil
September arabica coffee (KCU25) Wednesday closed up +5.00 (+1.69%), and September ICE robusta coffee (RMU25) closed up +11 (+0.33%). Coffee prices settled higher on Wednesday due to frost risks in Brazil. Meteorologist Climatempo forecasted Tuesday that a cold front will advance through Brazil's coffee-growing regions later this week, potentially bringing crop-damaging frost to the area. More News from Barchart Coffee Prices Rise on Frost Threats in Brazil Frost Threats in Brazil Push Coffee Prices Sharply Higher Signs of Weak Chocolate Demand Undercut Cocoa Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Gains in robusta coffee prices were limited Wednesday due to increased ICE-monitored inventories. Robusta coffee inventories rose to an 11.75-month high of 6,410 lots on Wednesday. Conversely, ICE-monitored arabica coffee inventories fell to a 3-month low of 806,062 bags on Wednesday. Coffee harvest pressures from Brazil are weighing on coffee prices. On Tuesday, arabica fell to a 1-week low, Sep robusta slid to a contract low, and nearest-futures (N25) robusta sank to a 1.25-year low. Last Friday, Safras & Mercado reported that Brazil's overall 2025/26 coffee harvest was 77% complete as of July 16, ahead of the comparable level of 74% last year and the 5-year average of 69%. The breakdown showed that 93% of the robusta harvest and 67% of the arabica harvest were complete as of July 9. In related news, Brazil's Cooxupe coffee co-op announced Tuesday that its harvest among its members was 59% complete as of July 18. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. An excessive short position by funds in robusta coffee could exacerbate any short-covering rally in robusta coffee futures. ICE Futures Europe reported last Friday that funds boosted their net-short positions in ICE robusta futures by 1,163 to 1,294 short positions in the week ended July 15, the most in two years. Excessive dryness in Brazil is a supportive factor for coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended July 19. Smaller coffee exports from Brazil are positive for prices after Cecafe reported last Wednesday that Brazil's total Jun green coffee exports fell -31% y/y to 2.3 million bags, with arabica exports down -27% y/y to 1.8 million bags and robusta exports down -42% y/y to 476,334 bags. Arabica coffee prices received support from President Trump's recent announcement that he would impose 50% tariffs on US imports from Brazil, effective August 1. That threat caused concern that coffee supplies could be disrupted from Brazil, the world's largest producer of arabica coffee. Coffee prices have retreated over the past two months on the outlook for abundant coffee supplies. On June 25, the USDA's Foreign Agricultural Service (FAS) forecasted that Brazil's 2025/26 coffee production will increase by +0.5% y/y to 65 million bags and that Vietnam's 2025/26 coffee output will rise by 6.9% y/y to a 4-year high of 31 million bags. Brazil is the world's largest producer of arabica coffee, and Vietnam is the world's largest producer of robusta coffee. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by -20% y/y to 1.472 MMT, the smallest crop in four years. Also, Vietnam's General Statistics Office reported that 2024 Vietnam coffee exports fell by -17.1% y/y to 1.35 MMT. Additionally, the Vietnam Coffee and Cocoa Association reduced its 2024/25 Vietnam coffee production estimate to 26.5 million bags on March 12, down from a December estimate of 28 million bags. By contrast, the Vietnam National Statistics Office reported on July 7 that Vietnam's Jan-Jun 2025 coffee exports were up +4.1% y/y to 943,000 MT. The USDA's biannual report, released on June 25, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase by +2.5% y/y to a record 178.68 million bags, with a -1.7% decrease in arabica production to 97.022 million bags and a +7.9% increase in robusta production to 81.658 million bags. The USDA's FAS forecasts that 2025/26 ending stocks will climb by +4.9% to 22.819 million bags from 21.752 million bags in 2024/25. For the 2025/26 marketing year, Volcafe projects a global 2025/26 arabica coffee deficit of -8.5 million bags, wider than the -5.5 million bag deficit for 2024/25 and the fifth consecutive year of deficits. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
India Today
4 days ago
- Politics
- India Today
After Surjewala review, Siddaramaiah to hold four-day meetings with Congress MLAs
Karnataka Chief Minister Siddaramaiah will begin a four-day series of marathon meetings with Congress MLAs starting Tuesday, July meetings come soon after a key review session with AICC General Secretary Randeep Singh Surjewala, prompting the Chief Minister to draw up a tight district-wise schedule to hear out grievances and push forward development meetings will be held over the next four days, with Siddaramaiah allotting 30 minutes to an hour per district depending on the number of On Day 1, Siddaramaiah will meet MLAs from six districts, Mysuru, Chamarajanagar, Tumakuru, Kodagu, Hassan, and Dakshina Kannada, along with their respective district in-charge meetings kick off at 5.00 pm with MLAs from Siddaramaiah's home district of Mysuru. Attending the session will be Mysuru District In-charge Minister HC Mahadevappa, Animal Husbandry and Sericulture Minister K Venkatesh, and MLAs Ravishankar D, Anil Chikkamadu, Darshan Dhruvanarayan, K Harish Gowda, and Tanveer from 5.00 pm to 5.30 pm, the Chief Minister will engage with MLAs from Chamarajanagar, including AR Krishnamurthy, C Puttarangashetty, and HM Ganesh Prasad, along with District In-charge Minister K Tumakuru session is scheduled from 5.30 pm to 6.45 pm. It will be attended by Home Minister and Tumakuru District In-charge Minister G Parameshwara, Cooperation Minister K N Rajanna, and MLAs T B Jayachandra, K Shadakshari, H D Ranganath, S R Srinivas (Vasu), and H V final session for the day, from 6.45 pm to 7.45 pm, will cover Kodagu, Hassan, and Dakshina Kannada districts. Kodagu will be represented by District In-charge Minister NS Boseraju and Chief Minister's Legal Advisor AS Ponnanna, along with Dr. Manthar Hassan, K M Shivalingegowda and others will attend, with K N Rajanna serving as district in-charge. The Dakshina Kannada delegation includes Dinesh Gundu Rao, Speaker U T Khader Fareed, and Ashok Kumar meetings are seen as a crucial trust-building exercise following the party high command's recent intervention. Sources say Siddaramaiah is keen on resolving local issues and speeding up stalled development initiatives. The Chief Minister has already released Rs 50 crore in grants recently, signalling intent to back words with action.- EndsTune InMust Watch IN THIS STORY#Karnataka
Scroll.in
16-06-2025
- General
- Scroll.in
CGPSC SSE Mains 2024: Admit cards out at psc.cg.gov.in, exam from June 26
The Chhattisgarh Public Service Commission (CGPSC) has released the admit cards for the State Services Examination (SSE) Mains 2024. Candidates who have registered can now download their hall tickets from the official website The SSE Mains 2024 examination is scheduled to be held from June 26 to June 29, 2025. According to the official timetable, the exam will be conducted in two shifts from June 26 to 28, morning (9.00 am to 12.00 pm) and afternoon (2.00 pm to 5.00 pm). On June 29, only a single morning session (9.00 am to 12.00 pm) will be conducted. The recruitment drive aims to fill 246 vacancies. Steps to download CGPSC SSE Mains 2024 admit card
14-06-2025
- Sport
Kiner-Falefa hits a sacrifice fly in the 10th inning as the Pirates top the Cubs 2-1
CHICAGO -- Isiah Kiner-Falefa hit a sacrifice fly in the 10th inning to help the Pittsburgh Pirates beat the Chicago Cubs 2-1 on Friday. The Pirates loaded the bases in the 10th on Ke'Bryan Hayes' infield single and a walk to Henry Davis. Kiner-Falefa then drove in Adam Frazier with a flyball to left off Drew Pomeranz (2-1). Kiner-Falefa also threw out Ian Happ when he attempted to score from first on Kyle Tucker's two-out double in the fifth inning. Dennis Santana (2-1) got five outs for the win, and David Bednar worked a perfect 10th for his 10th save. Pirates ace Paul Skenes struck out five in five scoreless innings. He allowed four hits and walked two while throwing 95 pitches, 60 for strikes. Skenes was matched by Cade Horton, who permitted three hits in 5 2/3 shutout innings for the NL Central leaders. Each team scored in the eighth. The Pirates jumped in front when Davis scored on Oneil Cruz's chopper near the mound. Reliever Brad Keller made an errant throw to the plate. The Cubs put runners on second and third with one out in the bottom half, and Dansby Swanson drove in Kyle Tucker when he bounced to Kiner-Falefa at shortstop for a fielder's choice. Santana worked a perfect ninth before Bednar retired the side in order in the 10th. Skenes has allowed a total of five earned runs in 47 1/3 innings over his last seven starts. But he has just one win in that stretch. The series continues Saturday afternoon when Pirates right-hander Mike Burrows (1-1, 5.00 ERA) faces lefty Matthew Boyd (5-3, 2.89 ERA). ___
San Francisco Chronicle
13-06-2025
- Sport
- San Francisco Chronicle
Kiner-Falefa hits a sacrifice fly in the 10th inning as the Pirates top the Cubs 2-1
CHICAGO (AP) — Isiah Kiner-Falefa hit a sacrifice fly in the 10th inning to help the Pittsburgh Pirates beat the Chicago Cubs 2-1 on Friday. The Pirates loaded the bases in the 10th on Ke'Bryan Hayes' infield single and a walk to Henry Davis. Kiner-Falefa then drove in Adam Frazier with a flyball to left off Drew Pomeranz (2-1). Kiner-Falefa also threw out Ian Happ when he attempted to score from first on Kyle Tucker's two-out double in the fifth inning. Dennis Santana (2-1) got five outs for the win, and David Bednar worked a perfect 10th for his 10th save. Pirates ace Paul Skenes struck out five in five scoreless innings. He allowed four hits and walked two while throwing 95 pitches, 60 for strikes. Skenes was matched by Cade Horton, who permitted three hits in 5 2/3 shutout innings for the NL Central leaders. Each team scored in the eighth. The Pirates jumped in front when Davis scored on Oneil Cruz's chopper near the mound. Reliever Brad Keller made an errant throw to the plate. The Cubs put runners on second and third with one out in the bottom half, and Dansby Swanson drove in Kyle Tucker when he bounced to Kiner-Falefa at shortstop for a fielder's choice. Key moment Santana worked a perfect ninth before Bednar retired the side in order in the 10th. Key stat Skenes has allowed a total of five earned runs in 47 1/3 innings over his last seven starts. But he has just one win in that stretch. Up next The series continues Saturday afternoon when Pirates right-hander Mike Burrows (1-1, 5.00 ERA) faces lefty Matthew Boyd (5-3, 2.89 ERA). ___
