Latest news with #arabica
Yahoo
2 days ago
- Business
- Yahoo
Brazil Coffee Harvest Pressures Hammer Prices
September arabica coffee (KCU25) today is down -9.25 (-3.05%), and September ICE robusta coffee (RMU25) is down -107 (-3.20%). Coffee prices today are sharply lower due to coffee harvest pressures from Brazil. 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 on Tuesday that its harvest among members was 49.3% complete as of July 11. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. More News from Barchart What is Watson Watching in the Grains Sector this Week? Soybean Meal Prices Are Rebounding. How Much Higher Can They Go? Cocoa Prices Rally as the Pace of Ivory Coast Cocoa Exports Slows 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! Coffee prices are also under pressure from an increase in ICE-monitored inventories after robusta coffee inventories jumped to a 10.75-month high of 6,243 lots today. Meanwhile, ICE-monitored arabica coffee inventories rose to a 5.5-month high of 892,468 bags on May 27 but have since backed off to a 2.5-month low of 814,055 bags as of last Friday. Excessive dryness in Brazil is a supportive factor for coffee prices. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended July 19. 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. Smaller coffee exports from Brazil are positive for prices after Cecafe reported on 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 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
Yahoo
5 days ago
- Business
- Yahoo
Brazil Coffee Harvest Pressures Weigh on Coffee Prices
September arabica coffee (KCU25) today is down -5.10 (-1.66%), and September ICE robusta coffee (RMU25) is down -4 (-0.12%). Coffee prices today gave up an early advance and turned lower as the pace of the Brazil coffee harvest accelerated. Safras & Mercado reported today 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 on Tuesday that its harvest among members was 49.3% complete as of July 11. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Coffee prices today initially moved higher, with arabica posting a 3-week high on carryover support from Monday, due to signs of excessive dryness in Brazil. Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended July 12. Coffee prices are under pressure from an increase in ICE-monitored inventories after robusta coffee inventories jumped to a 10-month high of 5,995 lots today. Meanwhile, ICE-monitored arabica coffee inventories rose to a 5.25-month high of 892,468 bags on May 27 but have since backed off to 819,061 bags as of Thursday. Smaller coffee exports from Brazil are positive for prices after Cecafe on Wednesday reported 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 have support from President Trump's announcement last Wednesday 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
Yahoo
02-07-2025
- Business
- Yahoo
Coffee Prices Fall on Abundant Rainfall in Brazil
September arabica coffee (KCU25) today is down -1.40 (-0.46%), and September ICE robusta coffee (RMU25) is down -11 (-0.30%). Coffee prices today are moving lower as abundant rainfall in Brazil has eased dryness concerns and is positive for the country's coffee crops. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 5 mm of rain during the week ended June 28, which is 714% of the historical average. Coffee Prices Fall on Abundant Rainfall in Brazil Cocoa Prices Higher on Dollar Weakness and Tighter Ivory Coast Supplies Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Coffee prices have retreated over the past two months, with arabica coffee posting a 6-3/4 month low last Friday. The outlook for abundant coffee supplies is undercutting prices. Last Wednesday, the USDA's Foreign Agricultural Service (FAS) forecast that Brazil's 2025/26 coffee production will increase by 0.5% year-over-year (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. The advancing coffee harvest in Brazil is also weighing on coffee prices. Last Tuesday, Brazil's Cooxupe coffee co-op announced that its members reported the coffee harvest was only 24.3% complete as of June 20, compared with 34.2% completed at the same time last year. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter of coffee. Also, Safras & Mercado recently reported that Brazil's 2025/26 coffee harvest was 35% complete as of June 11, slightly behind last year's comparable level of 37% but in line with the 5-year average of 35%. The breakdown showed that 49% of the robusta harvest and 26% of the arabica harvest were complete as of June 11. Brazil's arabica harvest has been slowed by heavy rain in some areas. Robusta coffee prices have received support from tightening supplies after ICE-monitored robusta coffee inventories fell to a 6-week low last Thursday at 5,108 lots. However, in a bearish factor for arabica prices, ICE-monitored arabica coffee inventories rose to a 4-3/4 month high of 892,468 bags on May 27 and were modestly below that high at 844,319 bags as of last Friday. Smaller coffee exports from Brazil are bullish for prices. Last Wednesday, Cecafe reported that Brazil's May green coffee exports fell by -36% y/y to 2.8 million bags. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by 20% 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. Last Tuesday, Vietnam's National Statistics Office reported that Vietnam's 2025 Vietnam's Jan-May coffee exports are down -1.8% y/y to 813,000 MT. In addition, the Vietnam Coffee and Cocoa Association on March 12 cut its 2024/25 Vietnam coffee production estimate to 26.5 million bags from a December estimate of 28 million bags. The USDA's biannual report, released last Wednesday, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase +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
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
