Agriculture Coffee

  • NEW YORK/ LONDON, April 18- Arabica coffee futures on ICE rebounded on Thursday, erasing losses from the previous session when the contract hit a 13-1/ 2- year-low, while raw sugar prices also rose. London cocoa, robusta coffee and white sugar futures will be closed on Friday and Monday for the Easter holidays. *July arabica coffee settled up 3.25 cents, or 3.6 percent,...

  • NEW YORK/ LONDON, April 17- Arabica coffee futures on ICE fell to a 13-1/ 2- year low on Wednesday, weighed down by the continued supply glut and a weaker Brazilian currency, while London cocoa rose to a three-month high, buoyed by strong demand signals. *July arabica coffee settled down 3.3 cents, or 3.6 percent, at 89.65 cents per lb, after falling to 89 cents, the lowest...

  • NEW YORK/ LONDON, April 15- Raw sugar prices on ICE dipped on Monday but remained firmly within their recent range, while arabica coffee edged higher after trading at 13- year lows last week. *May raw sugar settled down 0.11 cent, or 0.9 percent, at 12.66 cents per lb. *May arabica coffee settled up 1 cent, or 1.1 percent, at 91.40 cents per lb, after slumping to a 13- year low of...

  • NEW YORK/ LONDON, April 11- Arabica coffee futures on ICE plunged to a new 13- year low on Thursday, as a weaker Brazilian currency compounded the market's challenges with oversupply, while New York cocoa fell as a recent rally lost momentum. *May arabica coffee settled down 4 cents, or 4.2 percent, at 90.25 cents per lb after slumping to 90.15 cents, its lowest in over 13...

  • BOGOTA, April 5- Nearly $50 million in government aid for Colombia's struggling coffee farmers is not enough to keep producers afloat amid a global price crisis, the country's growers' federation said on Friday. Coffee prices on the New York market have hovered at or below $1 per pound so far in 2019 and hit a fresh 13- year low this week as output surpasses demand on...

  • NEW YORK/ LONDON, April 5- Arabica coffee futures on ICE fell on Friday, erasing the previous session's gains, as a short-covering rally ran out of steam while raw sugar touched a two week peak. *May arabica coffee settled down 2.1 cent, or 2.2 percent, at 93.20 cents per lb. *A record-large crop in Brazil last year and expectations of another massive crop there this year...

  • SAO PAULO, April 4- The Brazilian government is considering offering put options to coffee producers as a way to shore up prices at a 13- year low and assure a minimum income for struggling farmers, two people with knowledge of the talks told Reuters on Thursday. The program, if approved, would give producers the right to sell their crops to the government at a fixed...

  • *Prices were buoyed by some short-covering against the backdrop of a stronger currency in top-grower Brazil, dealers said. *The front month has shed nearly seven percent so far in 2019 as the market struggles to absorb a massive crop, especially from top grower Brazil. *That could signify "that people are starting to say enough is enough- it's far cheap enough," said...

  • NEW YORK/ LONDON, April 1- Arabica coffee futures on ICE fell on Monday to a December 2005 low as the harvest in top grower Brazil loomed over an already oversupplied market, while New York cocoa rose to a more than two-month high. *The proximity of the Brazilian harvest was now adding more pressure to the market, said Rodrigo Costa, director of trading at Comexim USA.

  • NEW YORK/ LONDON, March 28- Arabica coffee futures on ICE inched up on Thursday, boosted by a rebound in the currency of top producer Brazil, while sugar prices slipped. *May arabica coffee settled up 0.15 cent, or 0.2 percent, at 94 cents per lb., after trading as low as 92.70. *May robusta coffee settled down $12, or 0.8 percent, at $1,492 per tonne.

  • NEW YORK/ LONDON, March 27- Arabica coffee futures on ICE fell on Wednesday as the currency of top grower Brazil softened to its weakest levels against the dollar this year, while cocoa prices rose. *May arabica coffee settled down 1.5 cents, or 1.6 percent, at 93.85 cents per lb, drifting back toward a contract low of 92.60 cents set on Monday. * "The Brazil real alone will...

  • NEW YORK/ LONDON, March 22- Arabica coffee futures on ICE rose on Friday, pressured by excess supplies and a weaker currency in Brazil, while raw sugar inched higher. *May arabica coffee settled down 0.9 cent, or 1 percent, at 93.90 cents per lb after setting a fresh contract low of 93.65 cents. *Prices have collapsed on excess supplies, especially from top grower Brazil...

  • NEW YORK/ LONDON, March 21- New York cocoa futures on ICE fell on Thursday to 3-1/ 2- month lows, pressured by fund selling and plentiful supplies, while arabica coffee inched upward, hovering near contract lows. The contract earlier fell to $2,113 per tonne, the lowest since Dec. 5. *Dealers were watching the Dec. 5 low of $2,112 as support.

  • NEW YORK/ LONDON, March 20- Arabica coffee futures on ICE fell to new lows on Wednesday, as a global surplus weighed, while New York cocoa fell to three-month lows. *May arabica coffee settled down 1.9 cents, or 2 percent, at 94.75 cents per lb. *A proposal by the Colombian coffee growers' federation that producer countries sell their high-quality harvests untethered...

  • BOGOTA/ NEW YORK, March 19- A proposal by Colombian coffee growers' federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said. Colombia, which prices much of its coffee at a differential to futures, is proposing an...

  • NEW YORK/ LONDON, March 18- Arabica coffee futures on ICE fell on Monday, approaching last week's 13- year low as the market struggled to absorb excess supplies, while raw sugar prices rose to their highest in more than two weeks. *May arabica coffee settled down 0.95 cent, or 1 percent, at 96.85 cents per lb, after trading in light volumes for the second consecutive...

  • * "After some pretty big moves this week, the market is just consolidating," said Jack Scoville, a futures analyst at Price Group. *Oil prices dropped more than 3 percent on Friday on a worsening economic outlook after the European Central Bank warned of continued weakness and fresh data showed U.S. job growth almost stalled in February. *May arabica coffee settled up...

  • NEW YORK/ LONDON, March 4- New York cocoa futures on ICE fell on Monday to their lowest since mid-December, weighed down by plentiful supplies in top grower Ivory Coast, while arabica prices also fell, eyeing the more than five-month lows set last week. *Cocoa arrivals at ports in top grower Ivory Coast reached 1.547 million tonnes between Oct. 1 and March 3, exporters...

  • SINGAPORE, Feb 28- Singapore- based Olam International on Thursday said it planned to invest more on expanding its cocoa business, while reporting a 34- percent fall in quarterly profit partly due to lower contributions from its coffee and rice operations. That comes after the global food and agri-business this week acquired an 85- percent stake in the parent...

  • BOGOTA, Feb 26- Colombia, the world's top producer of washed arabica, will look into selling its harvest at a price which covers production costs, without being tied to the New York market price, the national coffee federation said on Tuesday. The New York market is too tied to Brazil's production, Velez said, and does not take into account growers in Colombia or...