FO Licht analysts
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Latest From FO Licht analysts
The EU’s coffee import and export data for the first half of 2019 shows that aggregate imports rose to a new all-time high. While re-exports also climbed significantly, net imports of all kinds of coffee still reached the highest level ever.
While the C-market price has frequently been volatile - and has often been below the cost of production for many farmers - in August 2018, the benchmark commodity futures price for arabica coffee slipped below USD1 per pound for the first time in 12 years, and has hovered at or below one dollar for most of the ensuing months.
The world sugar production estimate for 2019/20 from sister title FO Licht points to the lowest output in three years.
Germany's total coffee imports rose to nearly 22.0 million 60-kilo bags in calendar 2018 from 21.6 mln the year before, meaning that the country imported almost 20% of total world imports.
The U.S. Trade Representative yesterday (June 24) announced the reallocation of 100,071 tonnes, raw value, of the World Trade Organization tariff rate quota (TRQ) for imported raw sugar for the 2018/19 marketing year.
Demand for biofuels in the United States could expand by 50% annually in the wake of new rules allowing year-round sales of gasoline with 15% ethanol (E15), according to the head of a leading Brazilian ethanol company.