As expected, it was another volatile week on both markets, with dry and very hot weather in Brazil pushing prices higher, but the looming First Notice Day, poor US economic data and the forecast of rain for early next week combined to push back in the opposite direction. By the end of the week, despite …
The Unggai Bena District Development Authority (UBDDA) and the Coffee Industry Corporation Ltd (CICL) have entered on a three-year partnership (2023-2025) to progress and increase coffee production in the district. Following a Memorandum of Agreement (MOA) which was signed in September 2023, the Unggai Bena MP Hon.Kinoka Hotune committed K2 million under this partnership for …
UBDDA PARTNER WITH CIC TO SUPPORT COFFEE FARMERS Read More »
As anticipated it was a volatile week on both markets, although the daily movements were more muted than of late. However, a combination of concern about the short term availability of coffee with certified stocks continuing to fall together with the prospect of drier weather in Brazil pushed prices slightly higher, although profit taking throughout …
The new coffee exports office complex currently being constructed in Lae, Morobe Province is nearing its final stages of preparations before it can be commissioned before the end of 2023. This was made known during a technical meeting between the Coffee Industry Corporation Ltd (CICL), Contractor and the Contract Manager on Wednesday, November 1st, 2023 …
NEW COFFEE EXPORT OFFICE COMPLEX NEARS COMPLETION Read More »
An extremely volatile week with arabica coffee prices in particular oscillating up and down on a daily basis. Fortunately there were more ups than downs with the upward hikes reflecting the concerns about the dwindling volume of stock certified against the New York market which many believe is a symptom of the shortage of coffee …
A disappointing week, despite a good start with prices rising on both Monday and Tuesday, but thereafter profit taking following over 2 weeks of steadily increasing prices forced the market down during the second half of the week. It could have been worse but arabica coffee prices ended the week down 3.90 cents/lb with the …
Another unexpectedly good week for both arabica and robusta coffee prices, despite widespread rain throughout the Brazilian coffee growing regions. Both markets however appear preoccupied by the lack of fresh coffees with certified stocks on both markets shrinking to their lowest levels this year. Arabica coffee prices ended the week up 9.25 cents/lb with the …
An unexpectedly good week for arabica coffee prices with prices appreciating slowly throughout the week until Friday when they leapt upwards. It is difficult to pinpoint why the market reacted so positively but may have had something to do with good economic data being reported in America or it might have been technical, with the …
Although it rained in Brazil last week, concern over longer term forecasts together with a rule change regarding the resubmission of stocks certified against the New York market countered much of the negative reaction that the wet weather originally forecast was expected to produce. Indeed, it was a much quieter week than many had anticipated …
Arabica coffee prices continued their downward path this week, although there was a small rally on Tuesday which limited the losses. Forecasts of widespread rain throughout Brazil’s coffee belt, together with a stronger dollar were among the reasons cited for the decline. Arabica coffee prices lost 5.05 cents/lb with the second position (March 24) closing …
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