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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
02-07-2025
- Business
- Yahoo
Vale lowers forecast for 2025 iron ore agglomerates output
SAO PAULO (Reuters) -Brazilian miner Vale on Wednesday lowered its forecast for iron ore agglomerates production in 2025 to a range between 31 million and 35 million metric tons, from a previous estimate of 38 million to 42 million tons. Vale said that the change reflected current market conditions for pellets, adding that it had also decided to bring forward preventive maintenance at its Sao Luis pelletizing plant in the third quarter, suspending production during the period.
Reuters
04-06-2025
- Business
- Reuters
Plant of Coca-Cola maker suspended for potential contamination in Brazil
BRASILIA, June 4 (Reuters) - A plant owned by Brazilian soft drink firm Solar, which produces for Coca-Cola (KO.N), opens new tab, had a fault in its cooling system detected, leading production and bottling to be suspended as a precautionary measure, Brazil's government said on Wednesday. Production was halted after authorities established a liquid used in the cooling process had come in contact with products being manufactured, Brazil's agriculture ministry said, in reference to an on-site inspection of the plant in Ceara state. The liquid in question contains food-grade alcohol that does not pose a high health risk and does not contain toxic substances, the ministry added in a statement. All of the products that may have been compromised remain in the company's inventory, Agriculture Minister Carlos Favaro told a press conference in Brasilia, adding that there was no risk that the affected products could have reached supermarkets. According to the ministry, the production suspension will be maintained until Solar enforces the necessary corrections and proves the elimination of all risks in the production process, which may occur as early as today. Samples from about 9 million liters of soft drinks await laboratory analysis, which should be concluded in five days, the ministry said. Solar and Coca-Cola did not immediately respond to requests for comment.
