Subscrição de CoffeeLetters

Nicaragua should produce 1.6 million bags of coffee during the 2012/13 season, which represents a decrease of 16% compared to the previous cycle, designed the sales director of the division of Nicaraguan Trading Mercon Coffee Corporation, John Gardina. He added that the harvest in the country in 2011/12 totalled 1.9 million bags of coffee, more than anticipated previously.


The International Coffee Organization (ICO) has pointed out that world coffee production in 2012/13 (October to September) should be at 144, 1 million 60-kilogram bags, thus an increase of 7.2% compared with 2011/12 crop, which had a production journal, slightly down to 134.4 million bags. The numbers run from December report of the ICO. Thus, the ICO has reduced by 1.3% its estimate for world crop 2012/13, which in November was placed at 146 million bags. The previous data of 2011/12 was 134.6 million bags.


Coffee exports from Brazil fell in 2012 by volume and value, to reach 28.2 million bags of 60 pounds and $ 12.8 billion respectively, said the annual Council of Coffee Exporters (Cecafé). The organization pointed out that the revenue from the sale of coffee in international markets was 27.1% lower than in 2011, while the number of bags fell 15.6% in the same comparison.


The monthly report of the International Coffee Organization (ICO) shows that in December, coffee prices have suffered downward revisions, with the monthly average of the ICO composite indicator recorded a fall of 3.7% to 131.31 cents/pound, compared with the level of 188.90 U.S. cents / lb checked at the beginning of the calendar year.


In terms of statistics, coffee exports worldwide totalled in November, 9.21 million bags, compared with the 7.88 million recorded in the same period of 2011. In the first two months of coffee year 2012/13 (October-November 2012), exports grew by 21.2% to 18.73 million bags, compared with 15.45 million bags registered in the same period year.


Coffee production in Colombia had a strong increase in December, but the total produced by the country in 2012 was lower than the previous year. The reason was the weather unfavourable for crops and plantation renewal program that was slow to generate results.
Last month, Colombia produced 904,000 60-kilogram bags, up 23% from the 735,000 bags of December 2011, according to data released by the National Federation of Coffee Growers (Fedecafe). In 2012, the Colombian production totalled 7.74 million bags, down 1% from the total harvested a year earlier.


Pages

Subscribe to Front page feed