Weekly Market Report – 21st February 2016

With the arabica coffee market closed on Monday for President’s Day and very little fresh fundamental news, it was a relatively quiet week on both coffee markets this week. Coffee prices initially rose along with other commodities as the US dollar weakened, but fell back when the dollar rallied and the Brazilian Real weakened further. Arabica coffee prices finished the week 1.1 cents/lb lower, while robusta coffee prices lost $13/ton (0.6 cents/lb).The Mexican Coffee Association (Amecafe) has said that the[…]

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Revised green bean coffee standard to be introduced soon

The Coffee Industry Corporation has carried out an extensive consultation last year with its stakeholders both in the country and overseas to introduce a new grading system for Green Bean Coffee. The new system will focus more on bringing the smallholder coffees up to a desirable standard.According to the working committee, the new grading system has been reviewed and finalized. This brings the current grades for Arabica coffee from 12 down to only 5. The new grades are A, B, Y, Y2[…]

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First road project under PPAP

SMALLHOLDER coffee growers in  the remote Lamari LLG of Tairora , Eastern Highlands Province will soon have access to market and other social services.   This will be made possible through the rehabilitation of a 5km access road from Nompia to Bibiori in the Lamari LLG. This effort is being undertaken by the Coffee Industry Corporation through its Productive Partnerships in Agriculture Project (PPAP) funded by the World Bank  IAD and PNG Government. The procurement and tender process for awarding[…]

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