Latest news with #LouisDreyfus
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
01-07-2025
- Business
- Reuters
Louis Dreyfus doubles coffee storage, processing capacity at Brazil's Varginha hub
SAO PAULO, July 1 (Reuters) - Louis Dreyfus Company on Tuesday opened an expanded coffee processing unit in Brazil's southeastern city of Varginha, more than doubling the plant's annual capacity for coffee processing and storage. Louis Dreyfus is one of the world's three largest green coffee merchants. The company said the Varginha expansion would position the hub as one of the largest and most advanced in Brazil, the world's No. 1 coffee producer and exporter. The Varginha unit's processing capacity is set to reach 2.5 million 60-kilogram bags following the expansion, while its storage capacity was increased to about 1 million bags, Dreyfus said in a statement. "This expansion will streamline the supply logistics for small and medium-sized coffee growers to meet both domestic distribution and export demand," said Arthur Graf, head of Dreyfus' coffee platform in Brazil. "Today's opening marks a significant milestone in our growth plans in Brazil, reaffirming our long-term commitment to the country and the national coffee sector," he added. The Varginha unit in Minas Gerais state is part of Dreyfus's broader coffee operations in Brazil, where it has been active for over 35 years. The company operates three major processing sites in the country, also including facilities in Nova Venecia and Matipo, alongside seven commercial offices in key coffee-producing regions. The Varginha hub focuses on arabica coffee.
Yahoo
01-07-2025
- Business
- Yahoo
Louis Dreyfus doubles coffee storage, processing capacity at Brazil's Varginha hub
By Roberto Samora SAO PAULO (Reuters) -Louis Dreyfus Company on Tuesday opened an expanded coffee processing unit in Brazil's southeastern city of Varginha, more than doubling the plant's annual capacity for coffee processing and storage. WHY IT'S IMPORTANT Louis Dreyfus is one of the world's three largest green coffee merchants. The company said the Varginha expansion would position the hub as one of the largest and most advanced in Brazil, the world's No. 1 coffee producer and exporter. BY THE NUMBERS The Varginha unit's processing capacity is set to reach 2.5 million 60-kilogram bags following the expansion, while its storage capacity was increased to about 1 million bags, Dreyfus said in a statement. KEY QUOTES "This expansion will streamline the supply logistics for small and medium-sized coffee growers to meet both domestic distribution and export demand," said Arthur Graf, head of Dreyfus' coffee platform in Brazil. "Today's opening marks a significant milestone in our growth plans in Brazil, reaffirming our long-term commitment to the country and the national coffee sector," he added. ADDITIONAL CONTEXT The Varginha unit in Minas Gerais state is part of Dreyfus's broader coffee operations in Brazil, where it has been active for over 35 years. The company operates three major processing sites in the country, also including facilities in Nova Venecia and Matipo, alongside seven commercial offices in key coffee-producing regions. The Varginha hub focuses on arabica coffee. 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
Zawya
26-06-2025
- Business
- Zawya
ADQ in talks to buy stake in Limagrain's vegetable seeds business
PARIS: Abu Dhabi investment firm ADQ is in talks to acquire a 35% stake in the vegetable seeds business of French agricultural group Limagrain as part of an alliance that would also seek to develop seeds for harsh climates, Limagrain said on Wednesday. Financial terms were not disclosed. Farmer-owned cooperative Limagrain, based in central France, is one of the world's leading seed suppliers, competing with firms like Bayer. It says it is the largest supplier in the vegetable seed segment. The planned transaction will see Limagrain Vegetable Seeds and Silal – an ADQ portfolio company - launch joint research and development (R&D) partnership in the UAE focused on developing desert-adapted seeds. Limagrain said the proposed tie-up was in keeping with its longstanding approach of bringing in minority shareholders and would allow it to boost research into climate-resilient varieties. ADQ has previously invested in the agricultural supply chain by acquiring a 45% stake in Louis Dreyfus Company, one of the world's biggest crop merchants. The deal with ADQ would see Limagrain bring together different vegetable seed activities that had combined sales of 796 million euros in its 2023-2024 financial year.
