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Coffee Geography Magazine is a Coffee portal with highly informative, upbeat and inspirational articles for people who are in the coffee industry. We are committed to the success and growth of the global coffee industry.

CGM provides up to the minute data to the market makers.

Chief Editor  

editor@coffeegeography.com

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Coffee prices on Monday November 27 closed moderately higher. Nearest-futures arabica coffee (KCZ23) Monday posted a 5-1/4 month high, and robusta coffee on November 16 posted a 2-1/4 month high due to shrinking ICE coffee inventories. ICE-monitored arabica coffee inventories on November 16 fell to a 24-year low of 289,699 bags. Meanwhile, on Monday, ICE-monitored robusta coffee inventories were at 4,254 lots, moderately above the record low of 3,374 lots posted on August 31. Gains in arabica coffee are limited by negative carryover from last Wednesday when the USDA's Foreign Agriculture Service (FAS) projected Brazil's 2023/24 arabica production would climb +12.8% y/y to 44.9 mln bags due to higher yields and increased planted acreage. The USDA's FAS also forecasts that 2023/24 coffee production in Colombia, the world's second-largest arabica producer, will climb +7.5% y/y to 11.5 mln bags. Robusta coffee has carryover support from last Wednesday when the USDA's FAS cut its 2023/24 Vietnam coffee production estimate to 27.8 mln bags from a May estimate of 31.3 mln bags, citing unfavorable weather due to the El Nino weather pattern. The USDA's FAS also cut its 2023/24 Vietnam coffee ending stocks estimate to 359,000 bags from a May estimate of 2.76 mln bags. Vietnam is the world's largest producer of robusta coffee beans. Below-normal rain in Brazil could curb coffee yields and is supportive of prices. Somar Meteorologia reported last Monday that Brazil's Minas Gerais region received 5.9 mm of rainfall in the past week, or 12% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop. A negative factor for robusta coffee is increased supplies from Uganda, the world's fourth-largest robusta producer. Last Monday, the Uganda Coffee Development Authority reported that Uganda's October coffee exports rose +3.4% y/y to 470,080 bags.

Arabica coffee is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE).u003c/strongu003e

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New EU regulation bans coffee imports from deforested land with strict law to destroy also their stock within the given timeline
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Brazil wins the 8th edition of the Ernesto illy International Coffee Award with São Mateus Agropecuaria during a gala event in New York
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Joachim Creus appointed CEO for JAB Holdings
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Nestlé Needs YOUth, an initiative to engage with the youth reaches its 10 years anniversary
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Starbucks opens its largest store at the University of Tulsa in Oklahoma
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Gourmia’s 15-Bar Espresso Machine readly stocked at Walmart for the holidays
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Kevin Costner, the renowned Hollywood actor in partnership with Green Mountain Coffee Roasters launched Horizon Blend
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Bad Ass Coffee of Hawaii kicks off the two multi-unit signed development
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GrowGrounds, a newly formed organization, sets its plan to bring big impact in tackling CO2 emission with coffee farmers backed by Löfbergs
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Cezve and the Turkish coffee
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Heirloom Coffee Roasters in partnership with CEC and Bellwether launches Regenerative Coffee Research Lab
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Brazil wins the 8th edition of the Ernesto illy International Coffee Award with São Mateus Agropecuaria during a gala event in New York
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Robert D. Ferguson promoted to senior vice president and general manager of coffee and procurement at J. M. Smucker Company
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7-Eleven introduced the highly anticipated new coffee flavors in its retail line
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The Brazilian Real/USD Vs the Coffee Price

Coffee prices on Monday November 27 closed moderately higher. Nearest-futures arabica coffee (KCZ23) Monday posted a 5-1/4 month high, and robusta coffee on November 16 posted a 2-1/4 month high due to shrinking ICE coffee inventories. ICE-monitored arabica coffee inventories on November 16 fell to a 24-year low of 289,699 bags. Meanwhile, on Monday, ICE-monitored robusta coffee inventories were at 4,254 lots, moderately above the record low of 3,374 lots posted on August 31. Gains in arabica coffee are limited by negative carryover from last Wednesday when the USDA's Foreign Agriculture Service (FAS) projected Brazil's 2023/24 arabica production would climb +12.8% y/y to 44.9 mln bags due to higher yields and increased planted acreage. The USDA's FAS also forecasts that 2023/24 coffee production in Colombia, the world's second-largest arabica producer, will climb +7.5% y/y to 11.5 mln bags. Robusta coffee has carryover support from last Wednesday when the USDA's FAS cut its 2023/24 Vietnam coffee production estimate to 27.8 mln bags from a May estimate of 31.3 mln bags, citing unfavorable weather due to the El Nino weather pattern. The USDA's FAS also cut its 2023/24 Vietnam coffee ending stocks estimate to 359,000 bags from a May estimate of 2.76 mln bags. Vietnam is the world's largest producer of robusta coffee beans. Below-normal rain in Brazil could curb coffee yields and is supportive of prices. Somar Meteorologia reported last Monday that Brazil's Minas Gerais region received 5.9 mm of rainfall in the past week, or 12% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop. A negative factor for robusta coffee is increased supplies from Uganda, the world's fourth-largest robusta producer. Last Monday, the Uganda Coffee Development Authority reported that Uganda's October coffee exports rose +3.4% y/y to 470,080 bags.. The Brazilian Real is one of the driving factors in the global coffee pricing.

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Nestlé recognized as the world’s most attractive to work for by Universum
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Starbucks unveils its strategy plan for long-term growth
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Costa X and Caffitaly jointly developed the Podio range – The only coffee pod machine range on the market capable of espresso and filter coffee
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Juan Valdez, the brand of Colombian coffee growers, has formed a global alliance with Carlos Vives, the international artist who has taken the country's name to all corners of the world, to pay tribute to the 30-year music career of the greatest hits singer and celebrate their pride of being 100% Colombian.
Juan Valdez teams up with Carlos Vives to globally promote 100% Colombian
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Where to find the cheapest cup of coffee in the U.S.
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Rwanda revokes regulation on coffee zoning to encourage production
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NCA: Annual data shows Americans spent $110B on coffee in 2022 creating 2.2m jobs
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Walk through the indulging experience of making the sumptuous Viennese coffee.
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Nestlé initiates a pilot program in Indonesia with weather insurance for 800 coffee farmers
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Vietnam to focus on quality to increase revenue from coffee
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Former Detroit Lion Stephen Tulloch unveils Signature 55 Coffee Line
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Keurig Dr Pepper plans to construct a new roasting facility in South Carolina worth $100m
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WCR conducts the 29th biannual ASIC conference in Vietnam where 13 coffee scientists from coffee growing countries participated
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Victor Allen Coffee partners with Food Lion supermarkets to distribute its single serve coffee pods
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October 20th is for Coffee for a Cure breast cancer giveback event organized by The Human Bean
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Free Rein is available to purchase now and aims to provide great coffee that captures the essence of the untamed Western landscape through its rich flavors, carefully crafted blends, and a nod to the rugged spirit of the West.
Cole Hauser, star of Yellowstone unveils new coffee brand, “Free Rein Coffee “
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Nestlé initiates a pilot program in Indonesia with weather insurance for 800 coffee farmers
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October 20th is for Coffee for a Cure breast cancer giveback event organized by The Human Bean
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Dripkit Coffee, a division of NuZee, Inc. a coffee co-packing and technology company signs agreement with La Colombe Coffee to develop a joint brand
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MZB signs agreement with Ultramar Caffè for the installation of espresso capsules packaging line
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Peet’s placed “Disloyalty Program” for customers from rival brands for limited time
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Julius Meinl sets up initiative to support coffee farmers in Uganda
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Berkeley researcher, John Cardy awarded 2024 Breakthrough Prizes where his quantum theory touches a good explanation on how grind coffee drips through a narrow filter
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Nespresso’s first home compostable, paper based coffee capsules showcased by celebrity promoters, George Clooney, Jean Dujardin and Camille Cottin
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The Perfect Blend: Lavazza u0026 Kinder Bueno® Join Forces to Celebrate National Coffee Day
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WCR demonstrates the Komasti coffee variety for farmers in Indonesia
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Blue Bottle Coffee plans to achieve its commitment for 2024 Carbon Neutrality
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The Athens Coffee Festival 2023
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McDonald’s suspends its coffee temporarily effective September 4th in Hong Kong
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