Weekly Market Report – 29th September 2019

Despite the fact there has been some rain in the coffee growing areas of Brazil over the last week, the market still appears to be concerned about the continuing hot weather in Brazil.  So much so that despite expectations to the contrary, prices improved on both markets.  Prices were also helped by a fall in the value of the US Dollar.  Arabica coffee prices gained 2.55 cents/lb over the week, while robusta gained just $13/ton (0.55 cents/lb).  In the absence[…]

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2 X ASSISTANT PAYROLL OFFICERS

The 2 x Assistant Payroll Officers will be reporting to the Senior Payroll Officer and requires someone who possesses the following minimum qualification requirement and attributes should apply addressing the selection criteria set below. The ideal person we seek to appoint must have Diploma in Accounting, Business Studies or equivalent from a recognized tertiary institution or University. The ideal persons for the position must have skills and competence in collecting, calculating, and entering data in order to maintain and update[…]

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SENIOR PAYROLL OFFICER

The position will be reporting to the Human Resources Manager and requires someone who possesses the following minimum qualification requirement and attributes should apply addressing the selection criteria set below. The ideal person we seek to appoint must have Bachelor’s Degree in Accounting/Commerce, Business Studies or equivalent from a recognized University. The right person for the position must have skills and competence to ensure all payroll transactions are processed efficiently and on time. He/she must possess relevant and appropriate skills[…]

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PRINCIPAL ENTOMOLOGIST

The position will report to the Chief Scientist and requires persons who possess the following minimum qualification requirement and attributes, should apply addressing the following criteria; The ideal person we seek to appoint must have Masters/PhD in Agriculture Science, Entomology or Biological Sciences or equivalent from a recognized University. The ideal person must conduct technical field inspections and laboratory studies directed at the identification, classification and control of insects that may have an adverse effect on the environment and coffee.[…]

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Weekly Market Report – 11 August 2019

The main influences over both markets this week appears to have been currency fluctuations and other macro-economic considerations. The Colombian Peso dropped to its’ lowest level in history, while the dollar fluctuated widely against all currencies as fears about the ongoing trade war between America and China waxed and waned over the week. In spite of this both markets remained more stable than many were expecting with arabica coffee prices dropping by just 1.0 cent/lb and robusta $16/ton (0.75 cents/lb).[…]

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Weekly Market Report – 04 August 2019

Just as we all thought the frost season was over, on Monday weather forecasters in Brazil predicted that there might be another frost this weekend. The threat however, appears to have been short-lived and, whilst not totally dismissed, has been seriously downgraded to just the possibility of another cold spell. Prices initially rallied but fell back later in the week, so much so that by close of business on Friday arabica coffee prices were 1.70 cents/lb lower than were at[…]

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ABOUT US

Who we are About Us The Coffee Industry Corporation Limited was first established as the Papua New Guinea Coffee Marketing Board in 1963 and commenced operations in 1964. It then became the Coffee Industry Board in 1976 and finally to the Coffee Industry Corporation Ltd. The CIC currently has two divisions operating within the country; Read more Welcome Welcome to the Coffee Industry Corporation Limited (CIC) website. We bring you information about the vibrant coffee industry of Papua New Guinea. Read[…]

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Weekly Market Report – 07 July 2019

The threat of a frost this weekend in Brazil has overshadowed both markets this week with prices reacting to each weather forecast by either moving up or down. Overall however, both markets performed relatively positively, but a significant drop in prices on Friday wiped out most of the week’s gains. Nevertheless, arabica coffee prices gained 1.65 cents/lb over the week while robusta put on $7/ton (0.3 cents/lb). In the absence of local market distortions, roadside parchment coffee prices in Papua[…]

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Weekly Market Report – 30 June 2019

Damage reportedly caused by cold temperatures last week in Brazil plus the threat of colder weather this week has forced the arabica market sharply upwards. There have also been reports that the size of coffee beans currently being harvested in Brazil are smaller than expected thus causing some to revise their estimates of the crop lower. Arabica coffee prices gained 8.80 cents/lb over the week while robusta, almost begrudgingly, put on $37/ton (1.65 cents/lb). In the absence of local market[…]

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PLANNING MINISTER SETS PRIORITIES FOR WORLD BANK FUNDING

PORT MORESBY, MONDAY 24th JUNE 2019 — The Minister for National Planning, Hon Richard Maru, has met with the World Bank and given them clear directions on our priorities for concessional funding in line with our Medium Term Development Plan (MTDP) III priorities last Friday. This follows a visit to Minister Maru by the World Bank Country Director of the Pacific Islands and PNG, Michel Kerf, where they discussed the Country Partnership Framework. The Minister gave the World Bank six[…]

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