Latest news with #Campinas
Reuters
04-07-2025
- Business
- Reuters
Rebuilding global coffee stocks may need at least two good crops, experts say
CAMPINAS, Brazil, July 4 (Reuters) - Rebuilding global coffee stocks may take at least a couple of good crops following successive deficits in the supply-demand balance, coffee industry officials said on Friday during a Coffee Dinner & Summit event in Brazil. Global coffee prices hit a record high earlier this year, amid supply issues and resilient demand. Even with a large harvest expected next season in Brazil, the world's largest producer and exporter, that may not bring immediate relief for coffee consumers. "I do not believe (the industry will be able to) build up stocks from this year to next year. I think we would need at least two good harvests," the commercial superintendent of Brazilian coffee co-operative Cooxupe, Luiz Fernando dos Reis, told Reuters on the sidelines of the event. "To replenish the stocks we had four years ago, it will take at least two years of very good harvests, if everything goes well," said Louis Dreyfus Company's coffee research director Charles Chiapolino. "And we know how difficult it is to keep the climate aligned across the world for two years in a row, it's almost impossible," Chiapolino added. "At the moment, no one can build stocks with demand stable, or growing in some countries," said the chief executive of the Colombian Coffee Growers Federation, German Bahamon. Reis, from Cooxupe - the world's largest coffee cooperative - said that even if Brazil produces a large harvest in the 2026/27 season, the following crop is not expected to be as good since the main coffee variety grown in the country, arabica, alternates in a biennial cycle of high and low output.
Yahoo
04-07-2025
- Business
- Yahoo
Rebuilding global coffee stocks may need at least two good crops, experts say
By Roberto Samora CAMPINAS, Brazil (Reuters) -Rebuilding global coffee stocks may take at least a couple of good crops following successive deficits in the supply-demand balance, coffee industry officials said on Friday during a Coffee Dinner & Summit event in Brazil. WHY IT'S IMPORTANT Global coffee prices hit a record high earlier this year, amid supply issues and resilient demand. Even with a large harvest expected next season in Brazil, the world's largest producer and exporter, that may not bring immediate relief for coffee consumers. KEY QUOTES "I do not believe (the industry will be able to) build up stocks from this year to next year. I think we would need at least two good harvests," the commercial superintendent of Brazilian coffee co-operative Cooxupe, Luiz Fernando dos Reis, told Reuters on the sidelines of the event. "To replenish the stocks we had four years ago, it will take at least two years of very good harvests, if everything goes well," said Louis Dreyfus Company's coffee research director Charles Chiapolino. "And we know how difficult it is to keep the climate aligned across the world for two years in a row, it's almost impossible," Chiapolino added. "At the moment, no one can build stocks with demand stable, or growing in some countries," said the chief executive of the Colombian Coffee Growers Federation, German Bahamon. WHAT'S NEXT Reis, from Cooxupe - the world's largest coffee cooperative - said that even if Brazil produces a large harvest in the 2026/27 season, the following crop is not expected to be as good since the main coffee variety grown in the country, arabica, alternates in a biennial cycle of high and low output.
Reuters
04-07-2025
- Business
- Reuters
Global coffee supply relief possible in three years, ICO head says
CAMPINAS, Brazil, July 3 (Reuters) - Global coffee supply could improve in three years as new plantations spurred by record high prices start producing, International Coffee Organization (ICO) Executive Director Vanusia Nogueira said on Thursday at an event in Brazil. The outlook, however, depends on market conditions remaining favorable enough for farmers to maintain their crops, Nogueira told journalists at an event organized by the Brazilian coffee exporters group Cecafe. Global coffee supply is tight as several years of production deficits, impacted by extreme weather in key producing regions, push prices up. Nogueira said it could take about three years for new coffee plantings to ease supply pressures. "These are plantations that will start producing in about three years, so then, in three years, we should have some additional supply." Nogueira said the end of successive deficits in the global coffee market could happen in 2026, depending on the weather in the main producing countries, such as Brazil, Colombia and Vietnam. "I think (the end of the deficits) will depend a lot on this climate issue," said Nogueira, noting that there is still some risk of frost for Brazil's crop in July.
Yahoo
03-07-2025
- Business
- Yahoo
Global coffee supply relief possible in three years, ICO head says
By Roberto Samora CAMPINAS, Brazil (Reuters) -Global coffee supply could improve in three years as new plantations spurred by record high prices start producing, International Coffee Organization (ICO) Executive Director Vanusia Nogueira said on Thursday at an event in Brazil. The outlook, however, depends on market conditions remaining favorable enough for farmers to maintain their crops, Nogueira told journalists at an event organized by the Brazilian coffee exporters group Cecafe. WHY IT'S IMPORTANT Global coffee supply is tight as several years of production deficits, impacted by extreme weather in key producing regions, push prices up. KEY QUOTES Nogueira said it could take about three years for new coffee plantings to ease supply pressures. "These are plantations that will start producing in about three years, so then, in three years, we should have some additional supply." WHAT'S NEXT Nogueira said the end of successive deficits in the global coffee market could happen in 2026, depending on the weather in the main producing countries, such as Brazil, Colombia and Vietnam. "I think (the end of the deficits) will depend a lot on this climate issue," said Nogueira, noting that there is still some risk of frost for Brazil's crop in July. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
03-07-2025
- Business
- Bloomberg
Top Coffee Trader Sees Rebound for Brazil Output Next Year
Brazil is on path for a rebound in coffee production next year, signaling a relief from tight global supplies, according to the world's largest coffee trader. 'It's fairly safe to say that, if everything works out, it will be higher than this year,' said David Neumann, chief executive officer of Neumann Gruppe GmbH, on the sidelines of a conference in Campinas, Sao Paulo state.
