Coffee Market report 30th June 2014 to 4th July 2014

COFFEE MARKET NEWS 30^th June – 4^th July 2014

World coffee exports totalled 9.62 million 60-kg bags in May, down 5.6 percent from the same month last year, the International Coffee Organisation said.

Coffee Prices, Futures and Currency close levels:

Futures Markets:

Arabica: It seems that the NYC ICE had more focus on the bank holiday than trading throughout most of the week. Not much volatility, not much action. It has been the tale of two half’s if we compared the last two weeks. Last week we saw volatility, this week a more subdued market but both settling close to the 172.00 mark.

Robusta: LIFFE had a bit more life than NYC, but that was only noticeable come mid-week when market started to go up. However on Friday the market ran into better origin selling and prices easing trading back to 2056.

Currency: On the FX markets, Sterling lost some ground against the US dollar after the surge in US payrolls saw GBP/USD hit lows of $1.7104. Meanwhile, EUR/USD dipped to a low of $1.3595 before recovering back above the $1.36 level.

Physical Markets:

Brazil: the harvest is nearly over, as the World cup draws to an end. In both occasions numbers and winners are still unknown.

Colombia: production for June was up 3 percent, to 944,000 60-kg bags, from the same month a year earlier, the national growers' federation stated on Wednesday. The Andean country produced 11.5 million 60-kg bags of arabica coffee in the last 12 months. This was aided by the crop renovation program.

Guatemala: exports from Guatemala fell 22.9 percent in June compared with the same month a year earlier, national coffee organization Anacafe said on Wednesday. Guatemala exported 327,537 60-kg bags last month, down from the 424,720 bags it exported in June 2013. The Central American nation, famed for its arabica beans, exported 2.36 million bags through nine months of the 2013/14 harvest season, down 13.44 percent from the same period of the 2012/13 coffee cycle.

Costa Rica: exports rose 11.3 percent in June over the same month last year, the country's national coffee institute Icafe said on Tuesday. Icafe said exports in June totalled 164,257 60-kg bags. Costa Rica, known for its high-quality beans, shipped 1.04 million bags during the first nine months of the current 2013/2014 harvesting season, down 10.6 percent compared with the same period last year.

Honduras: exports from Honduras, Central America's No. 1 producer, rose 16 percent in June compared with the same month last year, the country's national coffee association IHCAFE said on Tuesday. Honduras shipped 525,631 60-kg bags in June. During the first nine months of the current 2013/2014 harvesting season, Honduras exported 3.64 million bags, down 7 percent from the same period last season.

Indonesia: Robusta coffee bean exports from Indonesia's main growing area in Sumatra fell 41 percent to 6,897.62 tonnes in June from a year earlier, government trade data showed on Tuesday. Indonesia shipped 11,647.94 tonnes of robusta in the same month a year earlier and 7,609.34 tonnes in May.