Coffee exports declined in the last two months because the new crop from Brazil has not yet hit the market, but consuming countries remain relatively well stocked.
From the report by the International Coffee Organization:
The ICO composite indicator rose to a 17-month high in July, although the market struggled to hold on to its early gains. Coffee exports have slowed in the last couple of months, as the new Brazilian crop has not yet come to market, but consumer stocks remain relatively well supplied. Furthermore, Conab released its survey of domestic private stocks as at the end of March 2016 as being just 5.4% lower than the previous year, down from 14.4 million to 13.6 million bags.
Between August 2015 and July 2016, the harvest exceeded 14.1 million bags of 60 kilos, up 8% compared with the almost 13.1 million bags harvested in the same period last year.
From a statement issued by the Federation of Coffee Growers of Colombia:
Although in July the effects of recent El Niño phenomenon, coupled with the transport strike, strongly impacted both the volume of Colombian coffee production as well as exports of the grain, production recorded in the last 12 months grew.
Central American coffee will incur 0% tariff in 10 years, while bananas, vegetables and baby vegetables will be shielded from the entry into force of the agreement.
In the fifth round of negotiations which will be held in Seoul from August 8 to 12 it is expected that progress will be made on the definitions for the treatment of 9% of the universe of products that have not yet been analyzed.
With the aim of replacing imports and reviving areas with low productive development a proposal has been made to lift the ban which has been in force since 1988 and re-grow robusta.
Replacing ever increasing coffee imports with local production, which according to figures from PROCOMER, reached 3500 tons in the first five months of this year, is one of the main motivations of the plan being prepared by producers, exporters and roasters, together with the Ministry of Agriculture and Livestock.
"Prices rallied significantly in June, as the Brazilian real strengthened against the US dollar and the 2016/17 Brazilian crop entered its potential frost season."
From a report by the International Coffee Organization:
Prices rallied significantly in June, as the Brazilian real strengthened against the US dollar and the 2016/17 Brazilian crop entered its potential frost season.
Central America's main competitor has started to feel the effects of the weather phenomenon, bringing down the number of bags of coffee produced in June 2016 compared to the same month in 2015 by 7%.
From a statement by the National Federation of Coffee Growers in Colombia:
Bogota, July 6, 2016 (Press FNC) - In June, the effects of El Niño also began to be reflected in the volume of coffee produced in Colombia, the largest producer of mild washed arabica coffee.
In the electronic auction a pound of coffee harvested on the farm Monte Llano Bonito won first place and the amount of $ 59 paid by an international buyer.
On June 21, the Japanese importer Wataru acquired for the coffee roaster Takamura, the best coffee in Costa Rica grown and harvested on the farm SUMA VA in Lourdes Cirri in Naranjo, Valle Occidental, during the International Cup of Excellence Auction.The grainwas sold at $59 a pound or S5900 per hundredweight for a batch of 11 bags.
The WHO has confirmed the absence of links between coffee consumption and various types of cancer, removing the infusion from the list of "possibly carcinogenic" drinks.
"... A review of more than 500 medical and epidemiological studies conducted by 23 scientists at the International Agency for Research on Cancer (IARC) at the World Health Organization (WHO) found no link between this drink and tumors of the breast, pancreas, prostate and 20 other cancers. However, the question of whether there is a very low risk of liver cancer and endometrial cancer remains. "
May was the fourth consecutive month in which an increase was recorded in international grain prices, but they still remain below the level reached in the same period in 2015.
From the monthly report by the International Coffee Organization:
Coffee prices settled higher for the fourth consecutive month in May, but are still below their levels of this time last year, with Robusta prices leading the charge.
Australian consumers imbibe on average 11 cups of coffee a week, spending an average of $344 per year.
Information from the Foreign Trade Office of Costa Rica:
The Australian economy is experiencing a good moment: it is the twelfth largest in the world, with sustained economic growth close to 3% in the last 5 years, driven by a growing middle class.
Arabica and Robusta prices went in opposite directions this month, with Arabica prices dropping back down after March’s rally, while Robusta increased to the highest monthly average since November.
From the "Report on the coffee market in April 2016" by the International Coffee Organization:
Arabica and Robusta prices went in opposite directions this month, with Arabica prices dropping back down after March’s rally, while Robusta increased to the highest monthly average since November. Total exports in the first half of coffee year 2015/16 are estimated up by 1.6% to 55.5 million bags, showing that the coffee market continues to be well supplied, although concerns linger over Robusta availability.
In Colombia a simplified export procedure allows anyone to use the system, by sending their product through courier companies.
The National Federation of Coffee Growers of Colombia, with the aim of promoting the export of small quantities of coffee, has developed a simplified export procedure, which allows any natural or legal person who has registered in advance as a coffee exporter to make use of this format, whereby companies use postal and courier services, which will be registered in the system of the Federation for that purpose.
Coffee prices strengthened considerably in March 2016, although they suffered a slight wobble towards the end of the month.
From the monthly report by the International Coffee Organization:
Coffee prices strengthened considerably in March 2016, although they suffered a slight wobble towards the end of the month. Although recovery is to some extent attributable to fundamental market factors, improvement in coffee prices was part of a larger cycle in commodities, and similar movements were observed in other markets including agriculture. The volume of exports remained high and total exports so far in this coffee year increased by 2% compared to 2014/15. However, there is increasing speculation around possible supply problems, especially for Robusta.
The opportunities identified are for sauces, dressings and condiments, tropical fruit jams, and some concentrated juices, and problems for cocoa and coffee beans because of high tariffs.
From the executive summary of a study by PROCOMER: "Turkey: market potential for Costa Rican tropical fruit and food":
Turkey is commercial transit bridge between Europe and Asia, the number one agricultural producer in Euro-Asia and the 4th worldwide.
Behavior of markets and prices in February 2016 of beef, cattle, gold, rice, coffee, sugar, corn and wheat.
From a report by the Central Bank of Nicaragua:
Behavior of markets and prices of major commodities up to February 2016:
Coffee: Coffee futures price in February fell by 0.8 from the previous month, standing at 116.4 cents per pound. Similarly, the price was lower by 25.1% in annual terms.