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).[…]

Read more

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[…]

Read more

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[…]

Read more

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[…]

Read more

PNG Coffee Production & Export Statistics

     1.0 Introduction The Industry Operations Division of the Corporation is mandated to perform the regulatory function, corporate services and publish reports on the international and domestic market trends and developments. The core activities of the division are Licensing, Inspections, Export and Quality Controls, Economics, Marketing and Promotions. The division also provides other important support services to the Corporation including finance, human resource management, properties and general administration. The Corporation’s Economics section is primarily responsible for collection, compilation and[…]

Read more

Weekly Market Report – 06th November 2016

As anticipated, coffee prices came under pressure during the first two days of the week as rain continued to fall throughout the coffee growing regions of Brazil. But continued buying, mainly by speculators and the Funds, spurred on by the shortage of conilons in Brazil and reports of extremely low carryover stocks, reversed the downward march and began to push prices back upwards during the latter half of the week. Arabica coffee prices finished the week 5.95 cents/lb higher while[…]

Read more

Weekly Market Report – 30th October 2016

A strengthening Brazilian Real together with weather concerns for both Brazil and Vietnam as well as the news that conillon prices are now trading at a premium to low quality arabicas in the internal Brazilian market, all combined to push coffee prices a lot higher this week. Arabica coffee prices gained 9.35 cents/lb. Robusta coffee prices although originally dragged upwards by the rise in New York, did not rise by anywhere near the same extent and only made $34/ton (1.5[…]

Read more

Weekly Market Report – 31st July 2016

It was a fairly lacklustre week until Friday when encouraging export figures from the ICO plus a weaker US dollar combined to push prices higher. Arabica coffee prices gained 4.5 cents/lb over the week but 90% of that was on Friday alone, while robusta gained $48/ton (2.2 cents/lb). This should mean that roadside parchment coffee prices in Papua New Guinea will probably be between 12 and 16 toea/kg higher in the week to come.The latest data from the ICO showed[…]

Read more

Weekly Market Report – 10th April 2016

Not a great week for the arabica market which has been pressurised by falling exchange rates in many origins, most notably Brazil but also by a higher than anticipated forecast of the upcoming crop in Brazil by IBGE. Arabica coffee prices lost 6.8 cents/lb over the week. Robusta prices, however, did not follow arabica down and have been supported by concerns over the damage caused to the Conillon crop by the extended dry period in these regions as well as[…]

Read more